Magazine April 18, 2011, Issue

Judge, Jury, and Economist

Lord Keynes at his chessboard (Darren Gygi)
The Keynesians vs. the entrepreneurs

A wicked joke attributed to George Stigler goes: “All great economists are tall — the only exceptions are Milton Friedman and John Kenneth Galbraith.” The diminutive Friedman grows ever larger. The NBA-sized Galbraith is a fading figure: He is survived by his trademark phrase, “the conventional wisdom,” and some remember that there was a book called The Affluent Society, others that he served as ambassador to India and as the butt of many jokes made by the founder of this magazine. William F. Buckley Jr. was mistaken to have described him as “the most influential U.S. intellectual of the 20th

To Read the Full Story

In This Issue

Articles

Features

Books, Arts & Manners

Sections

The Week

The Week

To be fair, Obama is right: Nowhere in the Constitution does it say that Congress has to declare kinetic military action.

Recommended

The Latest