Arrogant Capital, by Kevin Phillips (Little, Brown, 231 pp., $22.95)
WHAT IS one to make of Kevin Phillips? The man who is widely regarded as the greatest living expert on American electoral politics is a mixture of political insight and economic preposterousness; deep historical knowledge and glib soundbites; respect for American traditions and hostility to American institutions. At moments, he writes with the authority of the sage; pages later, he is touting nonsense with the unscrupulousness of an infomercial charlatan.
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