The United Kingdom National Security Strategy: the Need for New Bearings in Security Policy

The first ever UK National Security Strategy statement reflect shifts in perspective on the nature of security concerns and the character of risks and threats in an era of globalisation. However, the UK National Security Strategy itself is a major disappointment. It fails as an attempt to conceive of a genuine strategy. It also fails to engage explicitly and fully with key imperatives for UK security policy, such as Islamist terrorism and the emerging power of China. However, the UK National Security Strategy, despite being weak and disappointing, offers important new bearings on where the National Security Strategy and the government's means to security policy should go from here, identifying areas to strengthen and develop national security structures.     

Will Your Job Disappear?

The double whammy of job‐displacing technological advance and wage‐deflating globalization has demoted the American middle class, even as the rich get richer from access to global markets and from their slice of profits from managing massive global financial flows. The specter of growing inequality is haunting free‐market capitalism as never before since the early days of the Industrial Revolution. What is happening? What is to be done? Top economists take a hard look at a hard reality.     

Using Term Limits to Estimate Incumbency Advantages When Officeholders Retire Strategically

Empirical study of U.S. elections over the last 50 years has documented a strong electoral advantage to incumbency in state and federal elections. Recently, however, critics have argued that traditional estimates of the incumbency advantage may overstate the advantage by as much as 100% because the estimates fail to consider strategic retirements. This article directly examines whether or not strategic retirement biases conventional regression estimates of incumbency advantages. We use term limits in state executive and legislative elections as instrumental variables to correct for strategic retirement. We find that, as an empirical matter, strategic retirement is not substantively important. Estimates of incumbency advantages that take account of strategic retirement actually are marginally larger than estimates that do not.