The Chicago School of Economics is seen far and wide as a free enterprise stronghold. The research programs of many of its members are extolled as supportive of capitalism, even by otherwise knowledgeable commentators. This article will show that such an evaluation cannot be supported, at least...

Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman's professional triumph is testament to the...

The author of the widely praised Age of Greed now gives us a bold indictment of some of our most accepted economic theories-why they're wrong, the harm they've done, and the theories that would vastly improve on them. Jeff Madrick-former New York Times business columnist and now Harper's...