RSS Feed

Milton Friedman

Pop Fiction

  • Bookmark and Share

On the first day of the Senate Finance Committee's hearings on health care reform, Senator Jon Kyl, a fiery free-market fundamentalist, assailed reform as a "stunning assault on liberty." By day two, he had turned to the more prosaic task of reversing the bill's cuts in the Medicare budget. The elderly, Kyl fretted, "have reason to be worried that portions of this bill could affect their care." Note that neither health care experts nor even the AARP believes the cuts would hurt senior citizens.

comments(8)

The Usefulness of Cranks

  • Bookmark and Share

Paradise Found: Nature in America at the Time of Discovery

By Steve Nicholls

(University of Chicago Press, 524 pp., $30)

American Earth: Environmental Writing Since Thoreau

Edited by Bill McKibben

(Library of America, 1,047 pp., $40)

Defending The Master Race: Conservation, Eugenics, And The Legacy Of Madison Grant

By Jonathan Peter Spiro

(University of Vermont Press, 462 pp., $39.95)

A Passion for Nature: The Life of John Muir

By Donald Worster

(Oxford University Press, 535 pp., $34.99)

A Reenchanted World: The Quest for A New Kinship With Nature

By James William Gibson

(Metropolitan Books, 306 pp., $27)

Eco Barons: The Dreamers, Schemers, and Millionaires Who Are Saving Our Planet

By Edward Humes

(Ecco Books, 367 pp., $25.99)

I.

In contemporary public discourse, concern for "the environment" is a mile wide and an inch deep. Even free-market fundamentalists strain to display their ecological credentials, while corporations that sell fossil fuels genuflect at the altar of sustainability. Everyone has discovered how nice it is to be green. Will popular sentiment translate into public policy? There is reason to be skeptical.

comments(1)

How I Became a Keynesian

  • Bookmark and Share

Until last September, when the banking industry came crashing down and depression loomed for the first time in my lifetime, I had never thought to read The General Theory of Employment, Interest, and Money, despite my interest in economics. I knew that John Maynard Keynes was widely considered the greatest economist of the twentieth century, and I knew of his book's extraordinary reputation. But it was a work of macroeconomics--the study of economy-wide phenomena such as inflation, the business cycle, and economic growth. Law, and hence the economics of law--my academic field--did not figure largely in the regulation of those phenomena. And I had heard that it was a very difficult book, which I assumed meant it was heavily mathematical; and that Keynes was an old-fashioned liberal, who believed in controlling business ups and downs through heavy-handed fiscal policy (taxing, borrowing, spending); and that the book had been refuted by Milton Friedman, though he admired Keynes's earlier work on monetarism. I would not have been surprised by, or inclined to challenge, the claim made in 1992 by Gregory Mankiw, a prominent macroeconomist at Harvard, that "after fifty years of additional progress in economic science, The General Theory is an outdated book. . . . We are in a much better position than Keynes was to figure out how the economy works."

comments(12)

The Financial Crisis As The Final Event Of The 20th Century

  • Bookmark and Share
comments(2)

Mr. Right?

  • Bookmark and Share

The New Yorker is hardly the optimal vehicle for reaching the conservative intelligentsia. But, last year, Barack Obama cooperated with a profile for that magazine where he seemed to be speaking directly to the right.

comments(182)

Honoring Milton Friedman

  • Bookmark and Share
comments(5)

Remembering Milton Friedman

  • Bookmark and Share
be the first to comment

Milton Friedman, R.i.p.

  • Bookmark and Share
comments(9)

get the magazine

Intellectual rigor. Honest reporting. Influential analysis. Don't miss another issue of the magazine considered "required reading" by the world's top decision-makers. Subscribe today.

Get our newsletters

Get Our Feed