An Unusual History: A Conversation Between Two Economists About the Economics Department at the University of Chicago
Arnold C. Harberger reflects on his service in the University of Chicago's economics department as it became a highly influential center of "free market" policymaking.
SOURCE: Boston Review
by Macabe Keliher
While orthodox economists like to point to Hong Kong as an ideal free market, the social consequences have been disastrous. Inequality is rising, wages are declining and working hours increasing, overall economic opportunity is dwindling, and housing is so unaffordable that office workers sleep in McDonalds. Is it any wonder that the streets are now burning?