Articles by Josh Hendrickson

Even Keynes Wouldn't Like This Bailout

The conventional wisdom on the current financial crisis is that macroeconomic theory has little to say. I am not sure where this idea originated, but there is much that can be explained from existing theory especially in regards to policy.... Read More

Is Inequality a Useful Measure of Prosperity?

Debates about income inequality continue to come to the forefront. Dani Rodrik recently claimed on his blog that market fundamentalists view "recent trends in wealth and income inequality through pink eye glasses." Similarly, Paul Krugman has written an entire book Read More

A New Holiday: Division of Labor Day

When I was in the fifth grade, I decided to learn how to play the trumpet. Soon after, but long before I understood the concepts of economics, I realized that I did not possess an advantage - absolute or... Read More

How Economists Lost Hayek, and Then Found Him

"It seems to me that this failure of the economists to guide policy more successfully is closely connected with their propensity to imitate as closely as possible the procedures of the brilliantly successful physical sciences - an attempt which... Read More

Another Supply-Side Revolution Is Needed

With health expenditures rising relative to GDP, most pundits and health economists believe that the U.S. health care system needs to be reformed. Those who favor reform can be separated into two groups. The first group believes that due to... Read More

Health to Pay

As health care costs continue to rise, the calls for a single-payer system have become increasingly vociferous. Recent polls have even suggested that many Americans are receptive to the idea. But the arguments from single-payer advocates are riddled with... Read More

Are Workers Really Being Left Behind?

The House of Representatives recently passed a bill that would remove the right of employers to request that workers take part in secret-ballot elections before a union can be recognized. The passing of the bill comes at the behest... Read More

Empty Rhetoric

Recently, New York Times columnist Thomas Friedman has been firing all barrels at General Motors. In a June 14 column, Friedman explained his position against GM: On May 31 I wrote a column accusing General Motors of acting irresponsibly by... Read More

Dr. Detroit

The strain on Detroit's budget has caused many in the city to rethink the role of government. If the city is successful in its reforms, however, it could become a model for reducing bloated budgets across the country. Detroit Mayor... Read More

Big Dance, Billions Lost?

March Madness is upon us. If you are like me, you have likely spent an exorbitant amount of time filling out the brackets for the NCAA Men's Basketball Tournament. Although I have long realized that I will never master the... Read More

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