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Until The Great Depression, Most Economists Clung To A Vision Of Capitalism As A Perfect Or Nearly Perfect System. That Vision Wasn’t Sustainable In The Face Of Mass Unemployment, But As Memories Of The Depression Faded, Economists Fell Back In Love With The Old, Idealized Vision Of An Economy In Which Rational Individuals Interact In Perfect Markets.

Default Is Not In Our Stars, But In Ourselves.

The Economics Profession Went Astray Because Economists, As A Group, Mistook Beauty, Clad In Impressive-looking Mathematics, For Truth.

If Europe’s Example Is Any Guide, Here Are The Two Secrets Of Coping With Expensive Oil: Own Fuel-efficient Cars, And Don’t Drive Them Too Much.

For Decades The G.o.p. Has Won Elections By Appealing To Social And Racial Divisions, Only To Turn After Each Victory To Deregulation And Tax Cuts For The Wealthy — A Process That Reached Its Epitome When George W. Bush Won Re-election By Posing As America's Defender Against Gay Married Terrorists, Then Announced That He Had A Mandate To Privatize Social Security.