In 1972, the economics department at Harvard denied tenure to the leftist professor Samuel Bowles. Responding to the decision in the Harvard Crimson, Bowles asserted that he had been passed…
It’s rare, in economics as in life, to get a second chance. Though economists are constantly learning lessons from past mistakes, seldom are there obvious opportunities to apply them. The…
Debt forgiveness is one of the most important innovations of modern capitalism, but it is a fairly recent one. Though the Constitution gives Congress explicit authority to enact “uniform Laws…
Last spring I sat on a panel convened to discuss the publication of The Occupy Handbook, a collection of essays in which a number of prominent economists addressed issues raised…
Following heavy Democratic losses in the 2010 congressional elections, Barack Obama announced that he was reading a biography of Ronald Reagan to see how the great man had handled his…