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About the speaker:

Robert D. Hormats is Vice Chairman of Goldman Sachs International. He joined Goldman Sachs in 1982 and became a Managing Director in 1998.

Mr. Hormats served as Assistant Secretary of State for Economic and Business Affairs from 1981 to 1982, Ambassador and Deputy U.S. Trade Representative from 1979 to 1981, and Senior Deputy Assistant Secretary for Economic and Business Affairs at the Department of State from 1977 to 1979. He served as a Senior Staff Member for International Economic Affairs on the National Security Council from 1969 to 1977, where he was Senior Economic Advisor to Dr. Henry Kissinger, General Brent Scowcroft, and Dr. Zbigniew Brzezinski. Mr. Hormats was a recipient of the French Legion of Honor in 1982 and Arthur Fleming Award in 1974.

Mr. Hormats has been a visiting lecturer at Princeton University and is a member of the Board of Visitors of the Fletcher School of Law and Diplomacy and the Dean's Council of the John F. Kennedy School of Government at Harvard University. He is a member of the Council on Foreign Relations and a board member of the Irvington Institute for Immunological Research, Engelhard Hanovia, Inc., The Economic Club of New York, and Freedom House.

Mr. Hormats' latest book is entitled The Price of Liberty: Paying for America's Wars and was featured in Thomas Friedman's March 7, 2007, New York Times column "Don't Ask, Don't Know, Don't Help." Hormats' other publications include Abraham Lincoln and the Global Economy; American Albatross: The Foreign Debt Dilemma; and Reforming the International Monetary System.

Mr. Hormats earned a B.A. from Tufts University in 1965 with a concentration in economics and political science. In 1966 he earned an M.A. and, in 1970, a Ph.D. in international economics from the Fletcher School of Law and Diplomacy.

About the moderator:

Professor David M. Kennedy is the Donald J. McLachlan Professor of History at Stanford University. Reflecting his interdisciplinary training in American Studies, which combined the fields of history, literature, and economics, Professor Kennedy's scholarship is notable for its integration of economic and cultural analysis with social and political history. His 1970 book, Birth Control in America: The Career of Margaret Sanger, embraced the medical, legal, political, and religious dimensions of the subject and helped to pioneer the emerging field of women's history. Over Here: The First World War and American Society (1980) used the history of American involvement in World War I to analyze the American political system, economy, and culture in the early twentieth century. Freedom From Fear: The American People in Depression and War (1999) recounts the history of the United States in the two great crises of the Great Depression and World War II. In 2000, the book was awarded the Pulitzer Prize, the Francis Parkman Prize, the Ambassador's Prize, and the California Gold Medal for Literature.

Professor Kennedy teaches both undergraduate and graduate courses in the history of the twentieth-century United States, American political and social thought, American foreign policy, American literature, and the comparative development of democracy in Europe and America.

About The Price of Liberty: Paying for America's Wars:

In a bracing work of history, a leading international finance expert reveals how our national security depends on our financial security

More than two centuries ago, America's first secretary of the treasury, Alexander Hamilton, identified the Revolutionary War debt as a threat to the nation's creditworthiness and its very existence. In response, he established financial principles for securing the country--principles that endure to this day. In this provocative history, Robert D. Hormats, one of America's leading experts on international finance, shows how leaders from Madison and Lincoln to FDR and Reagan have followed Hamilton's ideals, from the greenback and a progressive income tax to the Victory Bond and Victory Garden campaigns and cost-sharing with allies.

Drawing on these historical lessons, Hormats argues that the rampant borrowing to pay for the war in Iraq and the short-sighted tax cuts in the face of a long-term war on terrorism run counter to American tradition and place our country's security in peril. To meet the threats facing us, Hormats contends, we must significantly realign our economic policies--on taxes, Social Security, Medicare, and oil dependency--to safeguard our liberty and our future.

Quotes in praise of The Price of Liberty: Paying for America's Wars:

"Bob Hormats has taken on the impossible: making lively history of the fiscal side of America's wars. Taxes and spending, economics and politics, all mixed up together in times of national crisis, from the Revolution and Alexander Hamilton to Iraq and both George Bushes. There are lessons to be learned and too often forgotten, even for the financing of the new 'War on Terror.'"--Paul Volcker, former chairman of the Federal Reserve

"The Price of Liberty is both a superb history and an urgent call for appropriate fiscal policy in the current campaign against terrorism. Hormats shows that, time and again, how wars were paid for determined how wars were fought--and won or lost. An important and timely book."--David M. Kennedy, author of Freedom from Fear

"Robert Hormats mounts a compelling argument that America faces large-scale economic catastrophe due to lack of a long-term, fiscally sound strategy for meeting military and security needs as well as domestic obligations. The Price of Liberty is a fascinating book and its message is hard to ignore."--Henry Kissinger

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Robert D. Hormats Vice Chairman, Goldman Sachs International Speaker
David M. Kennedy (Moderator) Donald J. McLachlan Professor, History, Stanford University, and Winner of the 2000 Pulitzer Prize Moderator
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The row over U.S. intentions to deploy elements of its missile defense system in Poland and the Czech Republic has the potential of bringing U.S.-Russian relations--not to mention bilateral arms control--to a new low. Russia has disapproved of the scheme ever since the United States first went public with the system about two years ago. But despite sounding angry, Russia remained calm, arguing that it already possessed the technology to deal with the interceptors the United States planned to place in Eastern Europe.

Recently, however, Moscow decided to up the ante. Clearly inspired by the assertive and rather confrontational presentation given by President Vladimir Putin at a conference in Munich on February 10, Russian generals started painting a picture of a much harsher response to the possible deployment.

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Dominique Struye de Swielande became ambassador of Belgium to the United States on December 29, 2006. Ambassador Struye previously served as Belgium's permanent representative to NATO (2002-06), ambassador to Germany (1997-2002), head of cabinet for the state secretary for international cooperation (1995-96), and director-general for administration at the Ministry of Foreign Affairs (1994-95). In addition, Ambassador Struye was diplomatic counselor and deputy head of cabinet for the prime minister (1992-94), head of cabinet for the minister of foreign affairs (1991-92), director of the European Section at the Ministry of Foreign Affairs (1990), deputy permanent representative and consul general to the United Nations in Geneva (1987-90), as well as counselor in the cabinet of the foreign affairs minister (1984-87). He has also served postings in Zaire, Zimbabwe, Nigeria and Austria.

Ambassador Struye, who joined the Ministry of Foreign Affairs in 1974, holds a doctorate in law from the Catholic University of Leuven, a master's of law from the University College London, and a master's of European Law from the University of Ghent.

 

Event Synopsis:

Ambassador Struye describes the difficulty in defining common security interests between Europe, where ideas of security tend to revolve around individual welfare provided by the state, and the United States, where international terrorism is viewed as the predominant security threat especially after 9/11.

Ambassador Struye then describes three major multilateral institutions and their role in global security: the UN, NATO, and EU. He outlines how the UN has expanded in recent years, both in terms of membership and of issue areas. Belgium has been actively involved in security discussions within the UN, and has shared the disappointment of the US about the limited capacity of the UN to contribute to peace and security in the world. He then addresses NATO's recent evolution in the direction of "out of area" policy, influenced by American pressure for NATO to become a security provider outside of Europe, including as an "instrument of democratization." Finally, Ambassador Struye describes the development of political mechanisms of the European Union which are now moving toward building common foreign and security policy, which the ambassador sees as important even without a European military force.

The ambassador details several challenges, including the difficulty  of evaluating common threats, determining how global a regional organization should be in its policy and how each organization should relate to the others, and a lack of a coherent global vision for how the world should evolve. Two policy areas where Ambassador Struye sees consensus are Afghanistan and missile defense. He concludes that although security policy is hard to define across regions, multilateral organizations are essential and the transatlantic alliance remains indispensable.

A discussion session following the talk included such issues as whether Turkey should be a member of the EU given its UN and NATO membership, how the ambassador views prospects for relations between North Africa and the multilateral institutions he describes, whether sufficient development funding should be available before military interventions in places like Afghanistan and Iraq, and whether the EU might come to serve as a world power in its own right.

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Dominique Struye de Swielande Ambassador of Belgium to the United States Speaker
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Executive Director of UNAIDS since its creation in 1995 and Under Secretary-General of the United Nations, Dr. Peter Piot comes from a distinguished academic and scientific career focusing on AIDS and women's health in the developing world.

Drawing on his skills as a scientist, manager, and activist, Dr. Piot has challenged world leaders to view AIDS in the context of social and economic development as well as security.

Under his leadership, UNAIDS has become the chief advocate of worldwide action against AIDS. It has brought together ten organizations of the United Nations system around a common agenda on AIDS, spearheading UN reform.

Dr. Piot earned a medical degree from the University of Ghent, a PhD in Microbiology from the University of Antwerp, Belgium and was a Senior Fellow at the University of Washington in Seattle. After graduating from medical school, Dr. Piot co-discovered the Ebola virus in Zaire in 1976.

In the 1980s, Dr. Piot launched and expanded a series of collaborative projects in Burundi, Côte d'Ivoire, Kenya, Tanzania, and Zaire. Projet SIDA (Project AIDS) in Kinshasa, Zaire, was the first international project on AIDS in Africa and is widely acknowledged as having provided the foundations of our understanding of HIV infection in Africa. He was a professor of microbiology, and of public health at the Institute of Tropical Medicine, in Antwerp, and the Universities of Nairobi, Brussels, and Lausanne.

In 1992, Dr. Piot joined the Global Programme on AIDS of the World Health Organization, in Geneva, as Associate Director.

Born in 1949 in Belgium, Dr. Piot is fluent in three languages and is the author of 16 books and more than 500 scientific articles. He has received numerous awards for scientific and societal achievement, and was made a Baron by King Albert II of Belgium in 1995. He is a member of the Institute of Medicine of the National Academy of Sciences of the United States and the Royal Academy of Medicine of Belgium, and is a Fellow of the Royal College of Physicians of London, UK.

For more information about Dr. Piot, read "The Life of a Virus Hunter" from Newsweek's special edition of May 15, 2006, AIDS at 25.

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Dr. Peter Piot Executive Director, UNAIDS and Under Secretary-General, United Nations Speaker
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Steven Pifer is a Senior Adviser with the Center for Strategic & International Studies. A retired Foreign Service Officer, his more than 25 years with the State Department focused on U.S. relations with the former Soviet Union and Europe, as well as arms control and security issues. He served as Deputy Assistant Secretary of State in the Bureau of European and Eurasian Affairs, with responsibility for Russia and Ukraine (2001-2004), U.S. Ambassador to Ukraine (1998-2000), and Special Assistant to the President and Senior Director for Russia, Ukraine, and Eurasia on the National Security Council (1996-1997). He also served at the U.S. Embassies in Warsaw, Moscow, and London, and is advisor on the U.S. delegation to the negotiations on intermediate-range nuclear forces in Geneva.

Richard L. Morningstar served as U.S. Ambassador to the European Union, appointed under President Bill Clinton in April 1999. His diplomatic career has included service as Special Advisor to the President and the Secretary of State for Caspian Basin Energy Diplomacy (1998), and special Advisor to the President and Secretary of State on Assistance to the New Independent States of the former Soviet Union (1995-1998). Presently, he is teaching both at the Kennedy School at Harvard and the Stanford Law School. In addition, he is the senior director at Stonebridge International LLC, a global business strategy firm, and is senior council at the law firm of Nixon Peabody.

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Steven Pifer Former U.S. Ambassador to Ukraine Speaker
Richard L. Morningstar Former U.S. Ambassador to the European Union Speaker
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Douglas C. North, John Joseph Wallis, and Barry Weingast will present their new book A Framework for Interpreting Recorded Human History.

Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development process. This book develops an integrated theory of economics and politics. We show how, beginning 10,000 years ago, limited access social orders developed that were able to control violence, provide order, and allow greater production through specialization and exchange. Limited access orders provide order by using the political system to limit economic entry to create rents, and then using the rents to stabilize the political system and limit violence. We call this type of political economy arrangement a natural state. It appears to be the natural way that human societies are organized, even in most of the contemporary world. In contrast, a handful of developed societies have developed open access social orders. In these societies, open access and entry into economic and political organizations sustains economic and political competition. Social order is sustained by competition rather than rent-creation. The key to understanding modern social development is understanding the transition from limited to open access social orders, which only a handful of countries have managed since WWII.

About the speakers:

Douglas C. North received the Nobel Prize in economics in 1993 "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change". Douglas C. North was installed as the Spencer T. Olin Professor in Arts and Sciences at Washington University in Saint Louis in October 1996 and is the Hoover Institution's Bartlett Burnap Senior Fellow. He is a member of the American Academy of Arts and Sciences and was elected a fellow of the British Academy in July 1996. He is the author of more than fifty articles and ten books. His current research activities include research on property rights, transaction costs, economic organization in history, a theory of the state, the free rider problem, ideology, growth of government, economic and social change, and a theory of institutional change.

North received his B.A. in 1942 and his Ph.D. in 1952 from the University of California at Berkeley.

John J. Wallis is a Professor of Economics at the University of Maryland, where he has taught since 1983. His field of specialization is economic history, and his major areas of interest are state and local government finances, the New Deal, the 1830s, and explaining institutional change. His current research focuses on understanding early American government and the critical decade of the 1830s. Wallis has authored dozens of academic journal articles and book chapters.

Wallis received his Ph.D. in economics from the University of Washington in 1981.

Barry R. Weingast is the Ward C. Krebs Family Professor in the Department of Political Science at Stanford University; where he served as department chair from 1996 to 2001. He is also a professor of economics, by courtesy, at the university and a senior fellow at the Hoover Institution. Weingast is an expert in political economy and public policy, the political foundation of markets and economic reform, U.S. politics, and regulation. His current research focuses on the political determinants of public policymaking and the political foundations of markets and democracy. Weingast is a fellow of the American Academy of Arts and Sciences. He co-authored Analytic Narratives (1998, Princeton) and has numerous academic publications.

Weingast received his Ph.D. in economics from the California Institute of Technology in 1978.

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Douglas C. North Spencer T. Olin Professor in Arts and Sciences Speaker Washington University in Saint Louis
John J. Wallis Professor of Economics Speaker the University of Maryland
Barry R. Weingast Ward C. Krebs Family Professor in the Department of Political Science Speaker Stanford University
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Peter Maurer is Switzerland's first Ambassador and Permanent Representative to the United Nations, assuming the position in September 2004, when Switzerland became the body's 190th member. He was a leader of the ultimately successful effort to establish the Human Rights Council in early 2006.

Maurer studied history, political science and international law at universities in Berne and Perugia, obtaining his Ph.D. from the University of Berne in 1983. After lecturing at the university's Institute for Contemporary History, he joined Switzerland diplomatic service in 1987. He was immediately posted to Switzerland's embassy in South Africa. There he witnessed the violent last throes of the Botha regime, and the first steps towards reforming and ultimately eliminating apartheid.

Maurer returned to Switzerland and became Secretary to the State Secretary for Foreign Affairs. In 1996 he was posted to New York where he served as Deputy Permanent Observer of the Swiss Mission to the UN. In May 2000 he assumed the rank of Ambassador and returned to Berne to become head of Political Affairs Division IV (Human Security). In that capacity, Maurer managed Switzerland's increasingly robust and innovative human rights diplomacy, launching, among other initiatives, the Berne process, a grouping of countries engaged in human rights dialogues with China.

Ambassador Maurer will talk about the UN Human Rights Council, of which Switzerland was in the forefront of creating. He will address questions related to Europe: how European human rights and security issues are being treated within the UN, and will attempt to answer the question of why the Swiss people have embraced the UN but have been reluctant to join the European Union.

Sponsored by Forum on Contemporary Europe and Stanford Law School.

 

Event Synopsis:

Ambassador Maurer describes Switzerland's decision to join the United Nations and outlines the achievements it has made in the 5 years since gaining membership. These achievements encompass a broad human security agenda and include developing mine detection technology, combatting small arms dealing, improving natural disaster preparedness, and promoting accountability for crimes against humanity and for the actions of UN peacekeeping troops. Switzerland was a strong supporter of the International Criminal Court and has pushed for improvements to the UN's mediation processes. It has also shaped discussion about the reform of the UN Commission on Human Rights.

Ambassador Maurer then offers prospects for issues such as engagement with North Korea, trans-regional alliances on issues of human rights, and the future of the Human Rights Council. He also describes recent cooperation with China and Russia on the topic of human rights. Moving forward, Ambassador Maurer believes Switzerland's best option for making its voice heard on the international stage will be to expand existing partnerships with European universities and to mobilize applied scientific research to help solve the world's most pressing issues.

A discussion session following the talk raised such issues as: What is Switzerland's approach to the areas of the world, for example those under Sharia law, where international human rights are not a common value? How will the western and non-western parts of the world bridge their very different approaches to human rights? Can cultural influence be more effective than formal multilateral institutions like the UN on certain issues? Should existing organizations like the ICRC deal with refugees from environmental degradation (like rising sea levels)? Is there conflict between different international organizations who deal with the same agenda items, such as between the EU and UN?

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Peter Maurer Ambassador and Permanent Representative of Switzerland to the United Nations Speaker
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In 2006, under the auspices of the Program on Democracy, CDDRL initiated a project called "Waves and Troughs of Post Communist Reform." The project is led jointly by Michael McFaul and Kathryn Stoner-Weiss. The idea is to look over a fifteen plus year span at the ups and downs of post-communist democratic development since 1989. Why have some countries transited relatively smoothly to consolidated democracy (like Poland, for example), while others, like Belarus languish in authoritarianism? Why did some countries in the region experience a second wave of democratic reform beginning in Serbia in 2000, Georgia in 2003 and Ukraine in 2004, while others, like Russia suffered notable slips back from democracy toward autocracy by 2005?

McFaul and Stoner-Weiss assembled a group of scholars to compare country experiences in the former communist world, but more specifically to compare the interplay of two factors that have been downplayed so far in the political science work done on democratic transitions: the power of mass mobilization, and the influence of international actors on democratic transitions.

The project hopes to contribute a greater understanding to what makes democratic

transitions stick, and why some democracies fail to consolidate, by examining in greater

detail these previously overlooked variables in comparison to others like level of economic development, for example. In this way, the project should help further a more general and complete understanding of democratic transition worldwide.

Participants in the project include scholars and policy makers from North America and

Europe, as well as from Eastern Europe and the former Soviet Union.

Papers from this workshop are available as CDDRL Working Papers.

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Senior Fellow, Freeman Spogli Institute for International Studies
Ken Olivier and Angela Nomellini Professor of International Studies, Department of Political Science
Peter and Helen Bing Senior Fellow, Hoover Institution
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Michael McFaul is the Ken Olivier and Angela Nomellini Professor of International Studies in Political Science, Senior Fellow at the Freeman Spogli Institute for International Studies, and the Peter and Helen Bing Senior Fellow at the Hoover Institution, all at Stanford University. He joined the Stanford faculty in 1995 and served as FSI Director from 2015 to 2025. He is also an international affairs analyst for MSNOW.

McFaul served for five years in the Obama administration, first as Special Assistant to the President and Senior Director for Russian and Eurasian Affairs at the National Security Council at the White House (2009-2012), and then as U.S. Ambassador to the Russian Federation (2012-2014).

McFaul has authored ten books and edited several others, including, most recently, Autocrats vs. Democrats: China, Russia, America, and the New Global Disorder, as well as From Cold War to Hot Peace: An American Ambassador in Putin’s Russia, (a New York Times bestseller) Advancing Democracy Abroad: Why We Should, How We Can; and Russia’s Unfinished Revolution: Political Change from Gorbachev to Putin.

He is a recipient of numerous awards, including an honorary PhD from Montana State University; the Order for Merits to Lithuania from President Gitanas Nausea of Lithuania; Order of Merit of Third Degree from President Volodymyr Zelenskyy of Ukraine, and the Dean’s Award for Distinguished Teaching at Stanford University. In 2015, he was the Distinguished Mingde Faculty Fellow at the Stanford Center at Peking University.

McFaul was born and raised in Montana. He received his B.A. in International Relations and Slavic Languages and his M.A. in Soviet and East European Studies from Stanford University in 1986. As a Rhodes Scholar, he completed his D. Phil. in International Relations at Oxford University in 1991. 

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Satre Family Senior Fellow, Freeman Spogli Institute for International Studies
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Kathryn Stoner is the Mosbacher Director of the Center on Democracy, Development, and the Rule of Law (CDDRL), and a Senior Fellow at CDDRL and the Center on International Security and Cooperation at FSI. From 2017 to 2021, she served as FSI's Deputy Director. She is Professor of Political Science (by courtesy) at Stanford and she teaches in the Department of Political Science, and in the Program on International Relations, as well as in the Ford Dorsey Master's in International Policy Program. She is also a Senior Fellow (by courtesy) at the Hoover Institution.

Prior to coming to Stanford in 2004, she was on the faculty at Princeton University for nine years, jointly appointed to the Department of Politics and the Princeton School for International and Public Affairs (formerly the Woodrow Wilson School). At Princeton she received the Ralph O. Glendinning Preceptorship awarded to outstanding junior faculty. She also served as a Visiting Associate Professor of Political Science at Columbia University, and an Assistant Professor of Political Science at McGill University. She has held fellowships at Harvard University as well as the Woodrow Wilson Center in Washington, DC. 

In addition to many articles and book chapters on contemporary Russia, she is the author or co-editor of six books: "Transitions to Democracy: A Comparative Perspective," written and edited with Michael A. McFaul (Johns Hopkins 2013);  "Autocracy and Democracy in the Post-Communist World," co-edited with Valerie Bunce and Michael A. McFaul (Cambridge, 2010);  "Resisting the State: Reform and Retrenchment in Post-Soviet Russia" (Cambridge, 2006); "After the Collapse of Communism: Comparative Lessons of Transitions" (Cambridge, 2004), coedited with Michael McFaul; and "Local Heroes: The Political Economy of Russian Regional" Governance (Princeton, 1997); and "Russia Resurrected: Its Power and Purpose in a New Global Order" (Oxford University Press, 2021).

She received a BA (1988) and MA (1989) in Political Science from the University of Toronto, and a PhD in Government from Harvard University (1995). In 2016 she was awarded an honorary doctorate from Iliad State University, Tbilisi, Republic of Georgia.

Download full-resolution headshot; photo credit: Rod Searcey.

Mosbacher Director, Center on Democracy, Development and the Rule of Law
Professor of Political Science (by courtesy), Stanford University
Senior Fellow (by courtesy), Hoover Institution
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Michael A. McFaul, et al - American and European leaders have started to talk about the need to promote greater freedom, justice and democracy in the "Greater Middle East." While Americans see this as the crucial battleground in the war on terror, Europeans want their southern neighbors to be stable and well-governed, to stem the flows of illegal migration and organized crime. Both sides have accepted that working with local partners for peaceful democratic regime change today is the best way of avoiding violent revolution or military action tomorrow.
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Michael A. McFaul - President Ronald Reagan helped to accelerate the collapse of Soviet communism and thereby end the Cold War. But his greatest contribution to the end of communism was not increased American military spending or his Strategic Defense Initiative. Rather, it was Reagan's steadfast commitment to promoting ideas about freedom and democracy that contributed most importantly to the anti-communist revolutions first in Eastern Europe in 1989 and then in the Soviet Union in 1991.
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