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Austerity economics

Saving Your Children from a Harvard Education
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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…

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A Bit of Good News
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It’s dangerous to express optimism about the economy these days. Europe’s financial markets remain fragile. China, which supports much of the world’s economy through imports, is too dependent on highly…

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Second Chance
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Inauguration Day is upon us. And it seems like only yesterday that the colossal, overheating machinery of democracy, which had been running in high gear for almost two years, finally…

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The Austerity Myth
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As economic adversity continues to spread, from Athens to Madrid, London to the Beltway, austerity has become a most dangerous idea. What now dominates the world is the popular theory…

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October 2012

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