Does Capitalism need Civilizing?

QUESTION: “Do you think socialism was able to ‘civilize’ or ‘tame’ capitalism by 1914? Or do you think that capitalism did not need to be ‘civilized’ or ‘tamed’.” ANSWER: First we must define our terms....

Improving the Quality of Education

My son learned fractions and decimals when he was in the first grade. He learned them from me as I drove him to school on the Los Angeles freeways, where he became curious about the signs that said things like “Wilshire Boulevard 2 1/4 miles.” At the...

In Defense of Supply-Side Economics

In a recent column, I defended supply-side economics from an attack by Princeton economist Paul Krugman in the New York Times Magazine. One of the rare civil criticisms I got came from my friends at TAPPED, the web log of the liberal American Prospect magazine. Their...

Howard Dean’s Proposal for Economic Regress

Last month, the WSJ had an opinion piece written by Howard Dean, the Democrat presidential contender. One paragraph exhibited the fundamental fallacy of bad economics: the belief that consumption, not production, is the key to wealth. “As president, my economic...

The Right to Deal

Suppose you want to deal with me but I don’t want to deal with you. Should I be forced to? You might ask, “What are you talking about?” Here’s a short list. Suppose you want to marry me, but I don’t want to marry you. Or, suppose you want...

No Excuses: Closing the Racial Gap in Learning

Everyone knows that black students in general do not perform as well in school as white students, much less Asian American students. But few realize how painfully large the gap is. Even fewer know that there are particular black schools, even in low-income...

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