This article deals with Stiglitz's recent book Whither Socialism?. It presents a critical evaluation against the background of his earlier publication on the economic theory of the state. The author takes issue with Stiglitz's normative interpretation of welfare economics.

This article is a review essay on Stolper's recent book, Joseph Alois Schumpeter, The Public Life of a Private Man. The author recommends the book for a broad readership, although he raises a few critical observations.