America certainly has a different kind of president than what it is used to. What distinguishes Donald Trump from his predecessors is not just his temperament and generalised ignorance, but also his approach to policymaking.
In a recent appearance here at the University of California, Berkeley, Alice Rivlin expressed optimism about the future of economic policymaking in the United States. What Rivlin—who served as Vice Chair of the US Federal Reserve,
According to standard economic theory, redistribution only comes about when a country's exports require vastly different factors of production than its imports. But there are no such differences in today's global economy.
The world economy is a more equal place for the average individual today than it was in 1980. This is partly thanks to a series of strong leaders, such as those in China since Deng Xiaoping, and in India since Rajiv Gandhi.
What will be taught in the social theory courses of, say, 2070? What canon – written today or still forthcoming – will those who end their careers in the 2070s wish that they had used when they started them in the late 2010s?