Arnold Kling: June 2007 Archives

Wonks vs. Revolutionaries: The Biggest Division Within the Democratic Party

"Sens. Hillary Rodham Clinton of New York and Barack Obama of Illinois and former Sen. John Edwards of South Carolina all have staked out positions sharply at odds with [documentary film director Michael] Moore's approach. But none of them is... Read More

Reforming Our Beliefs Concerning Health Care

"It is not that rulers have been unaware of poor performance. Rather the difficulty of turning economies around is a function of the nature of political markets and, underlying that, the belief systems of the actors." -- Douglass C.... Read More

Adaptation and the Economy

"It is adaptive rather than allocative efficiency which is the key to long run growth. Successful political/economic systems have evolved flexible institutional structures that can survive the shocks and changes that are a part of successful evolution. But these.. Read More

Due North

"When applied to economic history and development [mainstream economics] focused on technological development and more recently human capital investment, but ignored the incentive structure embodied in institutions that determined the extent of societal investment Read More

The Great Tug-of-War

"[In 1937] Roosevelt was listening to and following the advice of another set of advisers: the anti-big business crowd...Corcoran, Cohen, Ickes, Hopkins, and Robert Jackson were telling the president he must use the opportunity of the downturn to move... Read More

What Roosevelt Didn't Know

In late May [1934], Keynes, the British economist, visited with the president...Francis Perkins, whom Keynes saw afterward, would later recall that Keynes told her the session did not go well. Roosevelt gave a similar report, telling Perkins that Keynes... Read More

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