Kindle Price: $9.99

Save $5.00 (33%)

These promotions will be applied to this item:

Some promotions may be combined; others are not eligible to be combined with other offers. For details, please see the Terms & Conditions associated with these promotions.

Deliver to your Kindle or other device

Deliver to your Kindle or other device

The End of Influence: What Happens When Other Countries Have the Money by [DeLong, J. Bradford]
Audible Narration
Kindle App Ad

The End of Influence: What Happens When Other Countries Have the Money Kindle Edition

4.0 out of 5 stars 20 customer reviews

See all 5 formats and editions Hide other formats and editions
New from Used from
"Please retry"

Length: 178 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Audible Narration:
Audible Narration
Switch back and forth between reading the Kindle book and listening to the Audible narration with Whispersync for Voice. Add narration for a reduced price of $3.99 when you buy the Kindle book.

SaneBox: Clean up your Inbox in minutes
Learns what email is important to you and filters out what isn't -- saving you hours. Try it FREE
click to open popover

Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Editorial Reviews

From Publishers Weekly

In this reasoned chronicle of worldwide fiscal and cultural influence from pre-WWI to the present, Berkeley academics Cohen and DeLong (Macroeconomics) measure the rise and decline of U.S. prestige, concluding that the era of U.S. dominance is over: "The United States will continue to be a world leader... But it will no longer be the boss." Presenting an in-depth examination of deficits, export policies, sovereign wealth funds, the U.S. Department of Defense, and foreign expansion (as well as caveats galore), Cohen and DeLong craft a chilling portrait of the country's accelerating fiscal woes: "In every year since 1976, the United States has run international trade deficits that collectively add up to 7 trillion. More than 70 percent of that 7 trillion has been added since 2000." Pursuing the causes underlying the current worldwide economic crisis-the financial rules and lack thereof-Cohen and DeLong depict the effort to restore the global economy as a massive task, fraught with peril and the specter of unintended consequences; growing economic inequity between the U.S. and China, for instance, represents "a financial balance of terror." Though most appropriate for fiscal wonks, Cohen and DeLong's analysis is clear and concise enough for the concerned layperson. END


Miami Herald, December 13, 2009
“Cohen and DeLong’s interesting look at the real New World Order is worthy of consideration as it describes a reality that's fast approaching.”

Matthew Yglesias
“…a brilliant short tour of the rise and fall of the neoliberal project on an international basis.”, January 11, 2010
" In their new book The End of Influence, Stephen S. Cohen and J. Bradford DeLong vividly describe the evaporation of American economic power and what it is likely to mean for the United States and the world."

Product Details

  • File Size: 358 KB
  • Print Length: 178 pages
  • Publisher: Basic Books; First Trade Paper Edition edition (December 5, 2009)
  • Publication Date: January 5, 2010
  • Sold by: Hachette Book Group
  • Language: English
  • ASIN: B002ZV1Y9S
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #1,153,491 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images or tell us about a lower price?

Customer Reviews

Top Customer Reviews

By Omer Belsky on January 23, 2010
Format: Hardcover Verified Purchase
After finishing J. Bradford de Long and Stephen Cohen's book, I admit I'm still very much in the dark about the consequences of the redistribution of Wealth from the US to the rest of the world, particularly China. Although there's a lot that's interesting in the book, the failure to solve the main question is highly disappointing.

"The End of Influence" has two overlapping themes: The rise of Sovereign Wealth Funds and the Fall of the Neo Liberal Order. The argument is that they are interlinked - the decline of Neo-Liberalism makes Sovereign Wealth Funds more dangerous, and the robustness of Sovereign Wealth Funds makes Neo-Liberalism seem less appealing.

Let's start with Neo-Liberalism: Since the Middle 1970s, the Post WW2 conception of a mixed economy came under increased attack by those whom de Long and Cohen call "Neo-Liberals". The failure of managed Capitalism in the UK, and its apparent failure in the US, caused a backlash against government interference in markets. The roll back of government interventions in markets was not complete, but it was widespread. It effected not only the US and the UK, but also most of Northern Europe, much of East Asia (and Israel, although the authors don't mention that). Right wing Neo-Liberals loved inequalities and markets; Left wing Neo-Liberals considered them a necessary evil. And the dismantling, deregulation and privatization of market industries sped up, as governments went out of the business of business everywhere... or almost everywhere.

The big (but not the only) exception was China. After Mao's Death, China started to slowly embrace Capitalism. It started to manufacture on a large scale. And as it had low labor costs, it exported its products aboard, especially to the United States.
Read more ›
3 Comments 98 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
Brad DeLong writes and edits a wide ranging blog focussed on ,for lack of a better title, political economy and this short book is a fine, and very well written summation of many of the themes he has been discussing over the past few years. Written with a Berkeley colleague it is a well researched (though no notes are in the text, alas) book whose theme can be simply described by its title. However, unusually for economists, it goes far beyond the standard laments and cries over our waning economic power and delves deeply into global cultural and intellectual maters and their relation to the fiscal decline we are living through. In some ways this is even a more enduring and disturbing aspect of the mess we have mostly brought on ourselves. This may be one of the first in what could be long series of books on these subjects but I would bet it will remain one of the most succinct and influential of the future lot.
Comment 33 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
This book is a very modest introduction to the shifting balance of power between the United States and the emerging world, especially China. The authors note that the United States has been the "systemic guarantor" of the international economy by consuming other countries' net exports while issuing large amounts of sovereign debt to soak up the dollars by providing a safe, dollar-denominated asset. This is not a particularly novel observation, and the authors' policy prescriptions (U.S. needs to save more, consume less, produce more) have been repeated thousands of times by now.

The book is a bit more interesting when the focus turns to the fall of the Washington consensus, which the authors also call the "neoliberal dream." The rise of active sovereign wealth funds and "lemon socialism" are proof that governments are not willing to play a hands-off role in economic affairs. DeLong and Cohen argue that the financial crisis and political pressures from citizens are giving foreign governments the legitimacy and impetus to intervene in order to influence market outcomes. The analysis into this reality does not go very far however, and in only 150 pages, very little hard evidence is furthered to support the book's bland conclusions. The endnotes are not in the book but are posted online so readers can look there for more substantial works in the field of political economy.

This book is still worth reading for those seeking a short introduction to the decline of America's soft and hard power. But, readers attracted by the subject and the high profile authors might be disappointed by the book's brevity and lack of appreciable depth.
Comment 24 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
In this book, the authors discuss, by an large, two main issues. The first is Sovereign Wealth Funds, or in short SWF. The authors lay down in clear way why the SWF will be used, not only to maximize profit, but also as a political tool. The second issue the authors discuss is the fall of the Neo-liberals; a fancy word for people who believe the government should step out of the way of businesses.

As for the SWF's, not a lot of new ideas were discussed here. However, the authors did provide a clear explanation of the Chinese peg of the Yuan to the dollar and how that fact has created imbalances in the world economy in the form of huge reserves on the Chinese side and massive deficits and excessive consumption on the U.S. side. The authors also raised a few interesting questions regarding the role of the SWF in the U.S. economy, and how the Chinese will use their excessive reserves to take control of American companies in order to obtain their knowledge and the like. I found it quite odd that the authors failed to mention that the Chinese have been buying natural resource companies like hot rolls straight out of the oven in order to secure themselves access to natural resources in a world where the price of commodities has been rising steadily and the U.S. dollar has been declining. All in all, the discussion of SWF's was interesting even though somewhat shallow.

As for the decline of the Neo-liberals, in short, no new added value here. The same old review of the deregulation process the Western economies went through in the past 30 years or so..

Overall, although not without flaws this book was a rather interesting and quick read. Having said that, the authors failed to provide a concrete conclusion to the question that the subtitle raises of "what happens when other countries have the money?".
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

The End of Influence: What Happens When Other Countries Have the Money
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: The End of Influence: What Happens When Other Countries Have the Money