President Bush should give copies of Robert Sidelsky’s biography of John Maynard Keynes to Japanese Prime Minister Koizumi and Chinese President Hu Jintao. Then he should read one himself. It’s not that these leaders need to learn Keynesian theory. Sidelsky’s…
Constitution matters to growth
Thank goodness for Benjamin Franklin, Alexander Hamilton and James Madison. That was my reaction on hearing a recent news story about the ongoing constitutional convention in Afghanistan. The story noted a fierce argument over whether the new constitution should guarantee…
Political shifts, maybe, but in right direction
John Maynard Keynes would approve of recent actions by President George W. Bush and Minnesota Gov. Tim Pawlenty. The British economist once was taunted for taking a position on some issue that was at odds with his previous statements on…
Delivering details can be difficult
A Tuesday headline in the New York Times was striking — “Manufacturing at highest level in two decades.” But the implied message seemed at odds with other recent news about this sector. What’s going on? Reading the body of the…