Magazine October 18, 2010, Issue

Summa Economica

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Redeeming Economics: Rediscovering the Missing Element, by John D. Mueller (ISI, 400 pp., $28)

In this occasionally fascinating, occasionally maddening new book, John D. Mueller, whose work often illuminates the pages of this magazine, has set himself a formidable task: to reassert, convincingly, the value of a mostly abandoned model of economics rooted in Catholic ethics and Scholastic philosophy. He claims to have set the stage for a transformation of economic thought equivalent to the “marginal revolution” that enabled the emergence of neoclassical economics. Mr. Mueller, who does not shy away from bold assertions, maintains that his new economics 1) is expressible in the form of mathematical equations; 2) is logically complete; 3) is

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I have long thought Steyn one of the best writers in America. Now I now know him to be a seer as well.

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