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January 2020 ISSUE

Article

How Should Econ 101 Be Taught?

By Donald J. Boudreaux

Harvard Economics wunderkind Raj Chetty hopes to change the way students are introduced to economics. Chetty wants there to be more analysis of data and less attention to economic theory. As described by Dylan Matthews writing for Vox, "If Chetty is an advocate for anyt...
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Kling's Corner

Wall Street Mysteries

By Arnold Kling

Renaissance hired mathematicians and computer scientists, not economists, another factor that distinguished it from LTCM. —Gregory Zuckerman, The Man Who Solved the Market,1 page 212 Gregory Zuckerman's book tells the story of the investment business hea...
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Book Review

It Was All So Unlikely: Wilfred McClay’s Land of Hope

By Mark C. Schug

A review of Land of Hope: An Invitation to the American Story by Wilfred McClay.1 American history isn't what it used to be. Once it was common for a history textbook author to tell a good story. I remember as an eighth-grade student being horrified that ...
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Article

The Economics of al-Qaeda

By Anne Rathbone Bradley

Almost two decades later, we are still embroiled in the endless "War on Terror" and globally, terrorism has increased. The only way to reduce the amount of terrorism is to think through the economic and institutional questions of why terrorism seems to be an effective m...
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