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In 1951, Princeton economics major Jack Bogle wrote a senior thesis extolling the virtues of the small but growing mutual-fund industry. At the time the reigning view of the stock market was that expressed 1 1/2 decades earlier by the great English economist (and speculator) John Maynard Keynes: it...

Author: /time Magazine | Title: Herd on the Street | 9/6/2007 | See Source »

Bush and U.K. Prime Minister Tony Blair were misguided in thinking they could impose democracy on a culture that doesn't have the prerequisites to make that form of government viable. It is a failing of many of our well-intentioned leaders to think that they have the power to...

Author: /time Magazine | Title: Rethinking U.S. Foreign Policy | 2/28/2007 | See Source »

Bush and U.K. Prime Minister Tony Blair were misguided in thinking they could impose democracy on a culture that doesn't have the prerequisites to make that form of government viable. It's a failing of many of our well-intentioned leaders to think they have the power to change...

Author: /time Magazine | Title: Letters | 2/22/2007 | See Source »

Bush and U.K. Prime Minister Tony Blair were misguided in thinking they could impose democracy on a culture that doesn't have the prerequisites to make that form of government viable. It is a failing of many of our well-intentioned leaders to think that they have the power to...

Author: /time Magazine | Title: Finding Your Way Around Your Brain | 2/21/2007 | See Source »

My dubious optimism is not unique. No one actually seemed that worried. And why not? It’s hard to contemplate uncertain, distant apocalyptic scenarios when it’s so nice outside. Climate change may have some unfortunate long-term consequences, but then again, as John Maynard Keynes...

Author: By Daniel E. Herz-roiphe | Title: Christmas Comes Late | 1/8/2007 | See Source »

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