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Up Against the Wall Street Journal

O n March 11, 1993, the Wall Street Journal published a long editorial-page article called “The Industrial Policy Hoax.” It was by Karl Zinsmeister, a scholar associated with the American Enterprise Institute who in the past had written mainly about U.S. social policy. The article, which was a summary version of a much longer essay […]

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Can Economists Save Economics?

Economics is what economists do. –Jacob Viner T he trouble with Professor Viner’s delicate evasion is that economists no longer agree about what they do, or even whether it is all worth doing. Critics outside the profession long faulted economists for a host of sins: their deductive method, their formalism, their over-reliance on arcane algebra, […]

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Passion, Memory, and Politics, 1992

F rom its founding nearly three years ago, The American Prospect has sought to help reconstruct a plausible and persuasive liberalism. This issue’s cluster of articles concerned with a public investment strategy for economic growth exemplifies that purpose: substantive, detailed thinking about how to solve the nation’s problems, rather than symbolic gestures. Yet, as this […]

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