No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, July 11, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Keep Your Schroeder to the Wheel

by TheAdviserMagazine
3 months ago
in Economy
Reading Time: 5 mins read
A A
Keep Your Schroeder to the Wheel
Share on FacebookShare on TwitterShare on LInkedIn


America’s Fatal Leap, 1991–2016By Paul W. SchroederVerso, 2025; 298 pp.

In this issue of The Misesian, we pay tribute to the great libertarian historian Ralph Raico, and in this review, I would like to discuss the views of another historian, one who was most definitely not a libertarian, but whose work Raico knew and respected.

Paul Schroeder (1927–2020) was generally regarded as the greatest American diplomatic historian specializing in Europe: The Transformation of European Politics, 1763–1848 (Clarendon Press, 1994), a long and densely argued book about the Concert of Europe, was his masterpiece. He was not a political activist; as Perry Anderson, to whom we owe a debt of gratitude for collecting the essays found in America’s Fatal Leap, says of Schroeder in the introduction, “He came late to any intervention in current politics, at the age of sixty-five. But when he did, he brought a depth of reflection on them like no other.”

Before we discuss his views, we must address a paradox. Why does Anderson, who is a Marxist (though also a historian of great range and power who has much to teach us, so long as his standpoint is always kept in mind), admire Anderson, whom he describes as someone of conservative temperament? The answer is not far to seek. The dominant theme is that Anderson’s work was “structure,” so he always sought a structural account of historical developments which, while recognizing the importance of contingent events, shows how the developments “fall out” of a system.

Schroeder was decidedly not a Marxist, but he too looked for system and structure. As he saw it, the European powers needed to solve, or at least ameliorate, a problem that threatened their existence. They were independent but closely packed together, and often had conflicting interests. In the seventeenth and eighteenth centuries, this situation led to frequent wars as expansionist states, such as the France of Louis XIV, sought to undermine the unstable peace arrangements made after the Treaty of Westphalia (1648). At the end of the eighteenth century and through the beginning of the nineteenth century, Napoleon’s insatiable ambition again threw Europe into turmoil.

But the way the powers dealt with Napoleon’s defeat offered grounds for hope: The winning coalition included France in the peace settlement and did not seek punitive territorial acquisitions or indemnities. The Congress of Vienna established the Concert of Europe, which sought to resolve disputes between nations peacefully. As Schroeder commented: “The task is that of establishing practices, rules, and institutions that will enable a sizeable number of territorially contiguous, autonomous political units diverse in their nature, aims, and interests to co-exist as separate entities.”

Although wars were not altogether averted, the arrangement was in Schroeder’s view a remarkable success. It is false, he claimed, to say that because America engaged in fewer international wars than nineteenth-century Europe, the latter was more prone to war: “All this makes it possible to think of Europe as still bellicose while America was basically pacifistic — a plausible but very superficial picture. It is like concluding that because fewer automobile accidents occur on the highways of rural Nevada than the streets of Los Angeles or San Francisco, the Nevadans are safer, more law-abiding drivers.” Schroeder delighted in overturning conventional ideas about diplomatic history.

Why is the Concert of Europe relevant to contemporary American foreign policy? Schroeder’s answer is that problems need to be settled by an agreement of the powers concerned because unilateral action often backfires. Though wars cannot be avoided entirely, Schroeder’s position is that they are usually unjust and unnecessary.

Schroeder applied this view to the events of 9/11. He thinks it was a criminal blunder to declare a “war on terror” and to topple the Taliban for harboring al-Qaeda, and to then to overthrow Saddam Hussein. The panic that resulted from the destruction of the World Trade Center needed to be calmed rather than exacerbated by roiling an already aroused public. If one considered the matter calmly, Schroeder opined, it would be evident that terrorist attacks, while not to be dismissed entirely, were not a major problem for Americans.

But what to do about al-Qaeda? (And I have not said “What should we have done?” for a reason.) Schroeder’s response will not surprise you. He thought that the United States should encourage the concerned powers of the Middle East (including Iraq) to come together and devise a way to encourage the Taliban to surrender, to expel al-Qaeda, and to surrender Bin Laden to an international tribunal. To the objection that doing so might take a considerable time his answer was that this was precisely the point. Once people knew that such a process was in motion, panic would dissipate, and they would calm down.

Delay was for Schroeder not an expedient but a principle: “When the great American historian Charles A. Beard was asked at the end of his career what was the most important thing he had learned from history, he replied ‘That the mills of God grind slowly, but they grand exceeding small, and that chickens come home to roost.’ He was an agnostic, and so presumably meant only that that was the way history ultimately worked out, and that long-range systemic causes were the most important. Beard was right.”

As Schroeder saw it, the policy followed by the Bush administration and its successors played into the hands of Bin Laden. He had hoped that the 9/11 attack would provoke the United States into so violent a response that revolutionary movements in the Islamic states would unite not only to fight against America but also to oust the Islamic regimes he thought too moderate. Schroeder remarked: “Try not to get your worst enemies what they want but cannot achieve without your help; or, if you cannot help doing so, at least beware of the danger and try to limit it.”

Schroeder was a master of historical analogies, and he compared the policy he attributed to Bin Laden to the aims of Gavrilo Princip in assassinating Archduke Franz Ferdinand: “Princip’s act was . . . directed against his own fellow revolutionaries and sympathizers; it was intended to force them to do what they were not willing to do—follow the ideology of pan-Serbism and the slogan of ‘Union or Death’ to its logical, and mad, conclusion.”

I should note that Schroeder did not challenge the conventional account that Osama bin Laden’s al-Qaeda bore exclusive responsibility for the terrorist attack, and I shall leave it as an exercise for readers who do not believe this, or at least doubt it—for example, by accepting the theories of David Ray Griffin and others who argue that the attacks were an “inside job” of the Bush administration—to work out how this affects Schroeder’s analysis of American policy.

Schroeder was outraged by the abuse of prisoners at Abu Ghraib and other atrocities that resulted from the American occupation of Iraq. The lies of President Bush and Secretary of Defense Rumsfeld, and their efforts to pass the blame on to subordinate officials, disgusted him. The failure of the American public and Congress to demand a thorough investigation and ouster of the guilty parties manifested a deep-seated flaw in the American character.

Once more Schroeder drew a compelling historical analogy, this time with the efforts of the French army general staff to cover up the forgeries that led to the conviction of Captain Alfred Dreyfus on false charges of German espionage. He displayed his outrage in this powerful passage: “The nineteenth-century Danish philosopher Søren Kierkegaard wrote in an essay that the sign of malfunctioning of the digestive system was the inability to become nauseated or to vomit when eating spoiled food, and that the remedy was to take an emetic.”

Few diplomatic historians have the historical knowledge and the power of analysis evident in Paul Schroeder’s work.



Source link

Tags: SchroederWheel
ShareTweetShare
Previous Post

Mine appoints senior privacy executive

Next Post

1 Trading Strategy for Volatile Markets

Related Posts

edit post
‘Funflation’ is back and hitting gaming and streaming services

‘Funflation’ is back and hitting gaming and streaming services

by TheAdviserMagazine
July 11, 2026
0

For decades, video games have been a go-to hobby for Alyx Green. But in recent years, Green has felt priced...

edit post
The Dupes of War: Mises on Statism, Propaganda, and Foreign Conflict

The Dupes of War: Mises on Statism, Propaganda, and Foreign Conflict

by TheAdviserMagazine
July 11, 2026
0

On the latest episode of Minor Issues, Mark Thornton examines the “dupes of war”—citizens trained by government, schools, and historians...

edit post
Links 7/11/2026 | naked capitalism

Links 7/11/2026 | naked capitalism

by TheAdviserMagazine
July 11, 2026
0

Passersby Can’t Believe Who They Spot Sharing A Picnic Table In Alaska The Dodo Passenger partly sucked from Ryanair plane...

edit post
The Graham Platner Affair | naked capitalism

The Graham Platner Affair | naked capitalism

by TheAdviserMagazine
July 11, 2026
0

Yves here. Not that yours truly has a say, but the timing of the politically-fatal accusation against Graham Platner stinks....

edit post
Carl Menger, Crown Prince Rudolf, and the Marginal Revolution That Never Was

Carl Menger, Crown Prince Rudolf, and the Marginal Revolution That Never Was

by TheAdviserMagazine
July 11, 2026
0

Carl Menger is remembered today as the founder of the Austrian School of Economics and one of the most important...

edit post
Market Talk – July 10, 2026

Market Talk – July 10, 2026

by TheAdviserMagazine
July 10, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 813.88 points or 1.20% to...

Next Post
edit post
1 Trading Strategy for Volatile Markets

1 Trading Strategy for Volatile Markets

edit post
TON Strategy Company (VERB) Reports FY2025 Earnings

TON Strategy Company (VERB) Reports FY2025 Earnings

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

June 20, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
U.S.-Iran War: U.S. Strikes Iran After Iran Closes Strait of Hormuz Again, Bitcoin Falls

U.S.-Iran War: U.S. Strikes Iran After Iran Closes Strait of Hormuz Again, Bitcoin Falls

0
edit post
Prescription Drug Prices Fell in May CPI, But Hospital Services Rose—What Seniors Should Know

Prescription Drug Prices Fell in May CPI, But Hospital Services Rose—What Seniors Should Know

0
edit post
The Graham Platner Affair | naked capitalism

The Graham Platner Affair | naked capitalism

0
edit post
Yaron: Interest rate forecast isn’t a promise

Yaron: Interest rate forecast isn’t a promise

0
edit post
AI Cost Management: How Prepared Are You?

AI Cost Management: How Prepared Are You?

0
edit post
Opportunity zones just became permanent. Your 2026 playbook is wrong

Opportunity zones just became permanent. Your 2026 playbook is wrong

0
edit post
U.S.-Iran War: U.S. Strikes Iran After Iran Closes Strait of Hormuz Again, Bitcoin Falls

U.S.-Iran War: U.S. Strikes Iran After Iran Closes Strait of Hormuz Again, Bitcoin Falls

July 11, 2026
edit post
The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament

The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament

July 11, 2026
edit post
Is It Safe to Dine Out? Restaurants Respond to Explosive Diarrhea Bug

Is It Safe to Dine Out? Restaurants Respond to Explosive Diarrhea Bug

July 11, 2026
edit post
Crypto won the ETF fight but now the SEC is questioning if things have gone too far

Crypto won the ETF fight but now the SEC is questioning if things have gone too far

July 11, 2026
edit post
The Supermarket That Turned Cashiers Into Millionaires

The Supermarket That Turned Cashiers Into Millionaires

July 11, 2026
edit post
The American dream can be put in a number, and that number has halved: 9 in 10 children born in 1940 grew up to out-earn their parents; for those born in the 1980s it is now about 1 in 2 — barely a coin toss

The American dream can be put in a number, and that number has halved: 9 in 10 children born in 1940 grew up to out-earn their parents; for those born in the 1980s it is now about 1 in 2 — barely a coin toss

July 11, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • U.S.-Iran War: U.S. Strikes Iran After Iran Closes Strait of Hormuz Again, Bitcoin Falls
  • The US and Iran can’t agree on reopening Hormuz. The solution could be from the Old Testament
  • Is It Safe to Dine Out? Restaurants Respond to Explosive Diarrhea Bug
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.