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What has economics taught us over the past few decades? Serious contributions have been made, contends the author, but faith in free markets has displaced analysis of real markets. He argues that economics education needs to be changed.
What are the true lessons from the inflation of the 1970s? Alan Blinder, former vice chairman of the Federal Reserve, thinks we have learned the right lessons. Inflation is under far better control, he argues, and he thinks the Fed under the new chairman will do fine. But he is concerned that...
The authors explore a difficult problem in academic publishing. Their survey turns up serious concerns about academic plagiarism. One conclusion is that there are no clear guidelines by which to develop a code of ethics.
Why did French youth revolt last year? Many had superficial and critical analyses. But we asked a French economist who is sensitive to social issues to give his views. He argues that it is further evidence that the French social model has been under pressure for many years.
The new Federal Reserve chairman, Ben Bernanke, has inherited a hot seat. This economist analyzes four of his key speeches in recent years to try to explain his theoretical view of fiscal and monetary policy. Bernanke's writings are far more lucid than Alan Greenspan's. Seidman concludes that...
The Bush health-care plan, a type of privatization, is not merely inadequate, argue these two economists. It will make matters worse. They provide a detailed explanation of the problems.
The authors point out a rarely considered fact about monetary policy. Ironically, central banks now tolerate inflation that is faster than the rise in wages. Workers pay the price. In this piece, the authors analyze the new focus on core inflation, and the politics involved, and point out that...
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