From the Editor

Michael Prowse, who writes on Austrian economics in this issue, is the latest British journalist to have had an ideological conversion during his stint in Washington. Mr. Prowse, who writes a column for the London Financial Times (ironically, a stronghold of social-democratic orthodoxy; cf. Business Week), describes how America’s competitive economy converted him from the statist, egalitarian Keynesianism he imbibed in pre-Thatcher British universities and to the school of free-market economics that devotes most attention to economic change and entrepreneurship.

Having experienced a dynamic economy, Mr. Prowse found a static intellectual analysis increasingly unreal.

About the Author

John O’Sullivan

John O’Sullivan is a senior fellow at National Review Institute and a contributing editor of National Review.

Michael Prowse, who writes on Austrian economics in this issue, is the latest British journalist to have had an ideological conversion during his stint in Washington. Mr. Prowse, who writes a column for the London Financial Times (ironically, a stronghold of social-democratic orthodoxy; cf. Business Week), describes how America’s competitive economy converted him from the statist, egalitarian Keynesianism he imbibed in pre-Thatcher British universities and to the school of free-market economics that devotes most attention to economic change and entrepreneurship.

Having experienced a dynamic economy, Mr. Prowse found a static intellectual analysis increasingly unreal.