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Bill Clinton in the background, another man in the foreground.

What the 1990s Did to America

The Law and Economics movement was one front in the decades-long advance of a revived free-market ideology that became the new American consensus.
An Arkansas girl in migrant camp near Greenfield, Salinas Valley, Calif., 1939. (Dorothea Lange / Heritages Images via Getty Images)

How Reading “The Economist” Helped Me to Stop Worrying About White Supremacy

A recent viral sensation identifies the migration of poor whites as the cause of the problem—letting the rest of us off the hook!
Painting of "The County Election" by George Caleb Bingham.

The Myth of American Individualism

How the utopian notion of the U.S. as a meritocracy became so ingrained in the American psyche.
John Von Neumann and computer charts.

The World John von Neumann Built

Game theory, computers, the atom bomb—these are just a few of things von Neumann played a role in developing, changing the 20th century for better and worse.
A vacant home surrounded by a chain link fence is seen in Los Angeles, February 16, 2010.

Why Obama-Era Economists Are So Mad About Student Debt Relief

It exposes their failed mortgage debt relief policies after the Great Recession.
Abstract collage artwork called "the weight of scars."

A Framework to Help Us Understand the World

Out of a common history emerged racism, capitalism, and the whole world. This offers us a clue on how to change that world.
Graph of immigrants showing a peak of western/Northern Europe in 1860, a peak of southern/Eastern Europe in 1910, and a peak of all other locations ca. 2018.

Today’s Newcomers Succeed Just As Quickly As Ellis Island Immigrants

Using records digitized in part by amateur genealogists, economists have upended conventional wisdom about which immigrants succeed and why.
American politicians with supporters and German citizens in the background

1989-2001: America’s Long Lost Weekend

From the fall of the Berlin Wall to 9/11, we had relative peace and prosperity. We squandered it completely.
A photograph of a protest against Jim Crow laws.

The Wealth of Two Nations: The U.S. Racial Wealth Gap, 1860 - 2020

The racial wealth gap is the largest of the economic disparities between Black and white Americans, and one of the most persistent.
Black and white photo of D-Day Normandy Landings

For the Anniversary of D-Day - Blitzkrieg Manquée? Or, a New Mode of "Firepower War"?

Why and how did D-Day succeed? The question has given postwar historians no peace.
Oil refinery

How Polluting Industries Mobilized to Block Climate Action

Since its inception, the IPCC itself has been the target of corporate obstructionism.
Illustration of John von Neumann surrounded by mathematical formulas, by Valentin Pavageau

John von Neumann Thought He Had the Answers

The father of game theory helped develop the atom bomb—and thought he could calculate when to use it.
Abstract painting called Mayan Pyramid, by Werner Drewes, 1983. Smithsonian American Art Museum.

The Coin Standard

On the failed dreams and forgotten ruins of William Hope Harvey.
Ronald Reagan pointing at a graph explaining his proposed tax policy.

Ronald Reagan and the Myth of the Self-Made Entrepreneur

Why a policy agenda adopted in the name of entrepreneurs hurt entrepreneurs more than it helped them.

Footing the COVID-19 Bill: Economic Case for Tax Hike on Wealthy

There is a strong economic case for raising taxes on the rich to help repair public finances following the pandemic.

The Lessons of the Great Depression

In the 1930s, Americans responded to economic calamity by creating a richer and more equitable society. We can do it again.
Propaganda poster from World War II showing a gloved hand holding a wrench and reading "America's answer!".

The Coronavirus War Economy Will Change the World

When societies shift their economies to a war footing, it doesn’t just help them survive a crisis—it alters them forever.

We’ve Never Been Here Before

This is nothing like 2008. Or even 1914.

Not So Great

Reflections on the problems with progressives’ central principle that activist government is the only mechanism able to solve a modern society’s problems.
Choose your own adventure book covers with arrows pointing in opposite directions.

“Oh My God, It’s Milton Friedman for Kids”

How "Choose Your Own Adventure" books indoctrinated ‘80s children with the idea that success is simply the result of individual “good choices.”
A photo of Nelson Bellamy next to a photo of a boardwalk full of people sunbathing and wading.

“The Splendor of Our Public and Common Life”

Edward Bellamy's utopia influenced a generation of urban planners.
Map of world happiness.

Are Things Getting Better or Worse?

Why assessing the state of the world is harder than it sounds.
Alexander Hamilton and James Madison.

Hamilton, Madison, and the Paradox at America’s Heart

The tension between nationalist ambitions and republican principles goes all the way back to our nation’s founding.
Political cartoon of special interests looming over the Senate.

Markets Aren't Natural, Government Have to Make Them Work

"Marketcraft" is one of the most important functions for any government.

The Long, Tortured History of the Job Guarantee

How liberals, over decades, worked to undermine a proposal that has long enjoyed public support.
Former Lehman Brothers Chief Executive Richard Fuld.

The Financial World and the Magical Elixir of Confidence

The financial world is a theatrical production, abundantly lubricated by that magical elixir of illusionists: confidence.

The Cold War and the Welfare State

If you look hard enough, you can almost find ideological consistency in the Republicans’ breathtaking tax bill.
Ron Paul.

Libertarians Have More in Common With the Alt-Right Than They Want You To Think

After the alt-right march on Charlottesville, Matt Lewis pointed out the existence of a “libertarian to alt-right pipeline."
White nationalist demonstrators use shields as they guard the entrance to Lee Park in Charlottesville, Va. on Aug 12, 2017.

The ACLU's Free Speech Stance Should Be About Social Justice, Not 'Timeless' Principles

When the organization first defended Nazis, it did so for practical reasons.
Cartoon silhouettes of elongated business people in suits

Business as Usual: The Long History of Corporate Personhood

The mass defection of CEOs of some of the nation’s most powerful corporations from President Trump’s now-defunct Manufacturing Jobs Initiative.

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