Lawrence Weschler’s Boggs: A Comedy Of Values 12.02.99 | reviewed by James K. Galbraith Modern economists make bad historians, as a rule. The problem is that a simple-minded metaphor-supply and demand-with its deep yet subtle political commitment to laissez-faire, controls their thought. The market is supposed to rule. Therefore it does. Whatever happened, the market […]
Books
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Workers United
Robert Bruno’s Steelworker Alley: How Class Works in Youngstown 12.02.99 | reviewed by Lisa Burrell Black spots on his father’s lungs convinced Robert Bruno it was time to reconnect with his family and his working-class roots. The result of his journey home is Steelworker Alley: How Class Works in Youngstown, a well- researched argument that […]
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Citizen Keynes
Skidelsky’s dazzling biography gets Keynes the man just right, and his economics somewhat wrong.
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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, […]
Posted inMoney, Politics, and Power
Divided They Govern
Divided government isn’t what it’s cracked up to be.
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Domestic Urges, Foreign Obsessions
Constructive engagement with the post-Cold War world requires both a stronger America and clearer global goals. Domestic reconstruction must be a priority—but beware isolationism.
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From Crisis to Working Majority
Reports of the death of the Democrats are greatly exaggerated. Three new books, despite their author’s pessimism, suggest how to reconstruct the party’s middle-class foundations.
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The Growth Puzzle
Here are two books with drastically different stories about growth and productivity in the American economy. The more persuasive of the two hasn’t got the attention it deserves.
