Word: rationale
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Dates: during 2000-2009
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Neoclassical economics - another University of Chicago specialty - has ruled our world for decades. It's the doctrine that markets know best: when government keeps its hands off free enterprise, capital migrates to its most productive uses and society prospers. But its elegant models rely on a bold assumption: rational decisions...
We saw what was happening for years, for decades, but we ignored it or shrugged it off, preferring to imagine that we weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been...
Many advocates and academics argue that juveniles are not being given enough of a chance to turn their lives around after committing minor offenses. And officials at both the state and federal levels seem to be getting the message. Last summer, after reviewing a large swath of research literature, the...
An excessive degree of secrecy casts a suspicious light on any government and lends support to accusations of dubious motives. Indeed, the British High Court, which reviewed the material in question, asserted that it was “difficult to conceive that a democratically elected government could possibly have any...
Liberals here at Harvard and throughout the country indeed may find Mr. Douthat’s positions and philosophy no less objectionable than his predecessor’s. Yet Mr. Douthat, a captivating author who appreciates nuance and spurns unsophisticated ideology, will contribute not only his perspective, but also, perhaps...