The Power of Independent Thinking

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Volume 29  Number 4  •  Spring 2025
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In this issue...

Articles
Extensions and Expansions of the Ratchet Effect: An Introduction to the Symposium
The Nuclear Ratchet: Crisis, Leviathan, and Atomic Weapons
SUMMARY ONLY
The China Ratchet: Extending Higgs’s Model to Explore Foreign Policy
SUMMARY ONLY
Operation Warp Speed: An Emerging Ratchet?
SUMMARY ONLY
Endogenous Ratcheting: Interests and Ideas in State-Centric Crisis Response
SUMMARY ONLY
War and Presidential Greatness
SUMMARY ONLY
The Varieties of Ecological Rationality in Decision Making and Their Challenge to Behavioral Economics
SUMMARY ONLY
Young Adam Smith: Worldly, Worldly-Wise, and Street-Smart
SUMMARY ONLY

Reflections
The Strange and Future Political Economy of AI
SUMMARY ONLY
My Time in the Reagan Administration

Etceteras
Millennials, Gen Zs, Capitalism, Socialism, and Confusion

Book Reviews
The State
Liberalism’s Last Man: Hayek in the Age of Political Capitalism
Economics in America: An Immigrant Economist Explores the Land of Inequality
Freedom from Fear: An Incomplete History of Liberalism
One From the Many: The Global Economy Since 1850
What’s the Worst That Could Happen? Existential Risk and Extreme Politics
The Economics of Creative Destruction: New Research on Themes from Aghion and Howitt
The Fall of Israel: The Degradation of Israel’s Politics, Economy and Military
Gun Curious: A Liberal Professor’s Surprising Journey Inside America’s Gun Culture
All the Kingdoms of the World: On Radical Religious Alternatives to Liberalism
The Year That Broke Politics: Collusion and Chaos in the Presidential Election of 1968
Not Stolen: The Truth about European Colonialism in the New World
Green Breakdown: The Coming Renewable Energy Failure
Heavy Metal: Earth’s Minerals and the Future of Sustainable Societies



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