economic history
When Milton Friedman Sided With Keynes Over Hayek on Inflation
In an excerpt from his book Samuelson Friedman: The Battle Over the Free Market, Nicholas Wapshott explores the disagreements between Friedman and Hayek over...
How Manufacturing’s Lobby Won and Lost its Political Influence
What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The tumultuous history...
The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act
While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary or even...
The Varied Ideologies—and Practices—of Socialist Nations in the Developing World
In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman explores the...
Why the Mid-20th Century Was Not the Golden Age of Antirust
The New Brandeisian version of American history presumes that there was a mid-20th century golden age of antitrust that was displaced by a misguided...
The Fall of American Manufacturing and the Rise of Health Care
In an excerpt from his new book The Next Shift, University of Chicago historian Gabriel Winant explores how deindustrialization and the decline of the...
The Chicago Planning Program and the Interdisciplinary Tradition of the Chicago School
The Chicago Planning Program, an interdisciplinary program that operated at the University of Chicago between 1947 and 1956, is an often-neglected part of the...
Lessons from the Past? How Ordoliberal Competition Theory Can Address Market Power in the Digital Age
Some of the lessons uncovered by ordoliberal thinkers during the interwar period in Germany could help us tackle the current challenges posed by the...
The Unintended Economist: How Thorstein Veblen Pivoted From Philosophy to Economics
In an excerpt from his book Veblen: The Making of an Economist Who Unmade Economics, Charles Camic explores the connection between Thorstein Veblen’s economic...
The Invention of Economic Growth: The Forgotten Origins of Gross Domestic Product in American Institutionalist Economics
Contemporary critiques of GDP’s role in policymaking see it as an ideological abstraction, emblematic of neoliberalism, that misrepresents “real” economic conditions. What these critiques...
