A few weeks ago, via Twitter, Beatrice Cherrier solicited responses to this query from Dina Pomeranz
It is a serious — and a disturbing – question, because it suggests that the free-market ideology which is a powerful – though not necessarily the most powerful — force in American right-wing politics, and probably more powerful in American politics than in the politics of any other country, is the result of how economics was taught in the 1970s and 1980s, and in the 1960s at UCLA, where I was an undergrad (AB 1970) and a graduate student (PhD 1977), and at Chicago.
In the 1950s, 1960s and early 1970s, free-market economics had…
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