American Industrial Policy: Free or Managed Markets?

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What is the government's proper role in the economy? Do free or managed markets best promote economic development? Who can best pick industrial winners and losers, the government or private sector? This book attempts to answer those and related questions by exploring the evolution and results of federal policies towards half a dozen economic sectors. Those policies are largely determined by the representatives of the targeted industry, bureaucrats from agencies and departments that administer that industry, and politicians with firms from that industry in their districts. These 'iron triangles' capture a 'virtuous' political economic cycle in which they use their united power to grant themselves favourable policies which in turn enhances their power. As will be seen, the results of such a politicized industrial policy process varies considerably from one industry to the next.
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About the author

William Nester is the author of more than thirty books on international relations, military history, and the nature of power. He is a Professor in the Department of Government and Politics at St. John s University in New York, USA.
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Published on
Jul 27, 2016
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Political Science / General
Political Science / History & Theory
Political Science / Political Economy
Political Science / Political Ideologies / General
Political Science / Public Policy / Economic Policy
Political Science / World / European
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The French and Indian War was the world’s first truly global conflict. When the French lost to the British in 1763, they lost their North American empire along with most of their colonies in the Caribbean, India, and West Africa. In The French and Indian War and the Conquest of New France, the only comprehensive account from the French perspective, William R. Nester explains how and why the French were defeated. He explores the fascinating personalities and epic events that shaped French diplomacy, strategy, and tactics and determined North America’s destiny.

What began in 1754 with a French victory—the defeat at Fort Necessity of a young Lieutenant Colonel George Washington—quickly became a disaster for France. The cost in soldiers, ships, munitions, provisions, and treasure was staggering. France was deeply in debt when the war began, and that debt grew with each year. Further, the country’s inept system of government made defeat all but inevitable. Nester describes missed diplomatic and military opportunities as well as military defeats late in the conflict.

Nester masterfully weaves his narrative of this complicated war with thorough accounts of the military, economic, technological, social, and cultural forces that affected its outcome. Readers learn not only how and why the French lost, but how the problems leading up to that loss in 1763 foreshadowed the French Revolution almost twenty-five years later.

One of the problems at Versailles was the king’s mistress, the powerful Madame de Pompadour, who encouraged Louis XV to become his own prime minister. The bewildering labyrinth of French bureaucracy combined with court intrigue and financial challenges only made it even more difficult for the French to succeed. Ultimately, Nester shows, France lost the war because Versailles failed to provide enough troops and supplies to fend off the English enemy.

From the publisher. Insurgencies are like the hydra, the many-headed beast of Greek mythology. Once one begins, the measures a government takes to eliminate militants -- to cut off the insurgency's head -- can provoke countless others to join the enemy ranks. Tactical victories often breed strategic defeats. Traditional "search, destroy, and withdraw" missions that rely on firepower to wipe out rebels frequently destroy the livelihoods and loved ones of innocent people caught in the cross fire. U.S. troops have seen the pattern repeated as their initially successful offensives toppled enemy regimes in Afghanistan and Iraq but soon transformed into grueling guerrilla wars. Hearts, Minds, and Hydras outlines the reasons for these worsening situations. The most crucial were self-defeating decisions made by the George W. Bush administration, whose neoconservatism and hubris rather than careful analysis of genuine threats, national interests, and reasonable options shaped its policies. Although the Americans were eventually able to contain and diminish the insurgency in Iraq, the one in Afghanistan not only steadily intensified but also spread into neighboring Pakistan. The near abandonment of the war in Afghanistan and the neoconservative campaign in Iraq were godsends for al Qaeda and all other enemies of the United States. Then, as America's position deteriorated in both wars, the neoconservatives became even more determined to stay the course. William Nester analyzes some of the more prominent dilemmas haunting American policymakers now struggling to win in Afghanistan, fight terrorism in the United States, and reshape their relationship with Pakistan. In doing so, he reveals the nature of that all-too-real monster of insurgency, what feeds it, and how to starve it.
"The frontier war for their nation's independence is little known to most Americans," writes historian William R. Nester. The American Revolution is commonly associated with specific -- and now nearly mythical -- locales such as the heights above Boston, the frozen Delaware River, and the snow-covered shanties at Valley Forge in 1777-1778, but pivotal events took place in the wooded, mountainous regions on the fringes of the thirteen colonies. In dank forests and at scattered forts, towns, and outposts, Americans, British, and Indians clashed in large-scale campaigns and small raids that often became bloody fights for land, home, family, and, ultimately, country. Despite the few popular and romanticized images of this aspect of the war -- such as the untamed Green Mountain Boys at Fort Ticonderoga and the notorious "Swamp Fox," Francis Marion -- frontier warfare was complex and brutal. Overlapping and conflicting loyalties produced uncertain, fluid alliances that could be shaped as much by greed as by patriotism, and old, deep-seated disputes and hatreds fueled the ferocity of the fighting, as whites slaughtered Indians and vice-versa. But the frontier war was not simply a violent sideshow; it significantly altered the course of the Revolution, whether by keeping the far-flung British Army dispersed, providing the Americans a key victory at Saratoga, or setting the stage for Yorktown in 1781. Its economic, military, and diplomatic effects would endure long after the guns fell silent. With vivid detail and keen analysis, Nester brings this long-obscured chapter of the War for Independence out from the shadows of Concord and Brandywine and reshapes how we understand American history.
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