Market Adjustment and Foreign Policy Failure

Notre Dame associate professor Eugene Gholz discusses U.S. strategy, the low costs of neutrality in war, global oil markets and why the U.S. does too much militarily in the Middle East. He also advises a “defensive defense” strategy in East Asia, the ineffectiveness and overuse of economic sanctions, and decoupling from China.

Show Notes

Eugene Gholz bio • Eugene Gholz and Daryl G. Press, “ The Effects of Wars on Neutral Countries: Why it Doesn't Pay to Preserve the Peace • ,” Security Studies • 10, no. 4 (2001): pp. 1-57. • Eugene Gholz and Daryl G. Press, “ Protecting “The Prize”: Oil and the U.S. National Interest • ,” Security Studies • 19, no. 3 (2010): pp. 453-485. • Eugene Gholz, “ Nothing Much to Do: Why America Can Bring All Troops Home From the Middle East • ,” Quincy Paper No. 7, June 24, 2021. • Eugene Gholz, Benjamin Friedman, and Enea Gjoza, “ Defensive Defense: A Better Way to Protect US Allies in Asia • ,” The Washington Quarterly • 42, no. 4 (2019): pp. 171-189. • Eugene Gholz and Llewelyn Hughes, “ Market Structure and Economic Sanctions: The 2010 Rare Earth Elements Episode as a Pathway Case of Market Adjustment • ,” Review of International Political Economy • 28, no. 3 (2021): pp. 611-634.

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