Archive for October, 2009

The ABCs of the Economic Crisis: Mike Whitney Interviews the Authors

1. Mike Whitney—In your new book, “The ABCs of the Economic Crisis: What Working People Need to Know”, you allude to right wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology. How successful have these organizations been in shaping public attitudes about capitalism? Do you think that attitudes are beginning to change now that people understand the role that Wall Street and the big banks played in creating the crisis?  ABCscover Read More

The Tree Trunks Are Rotting in the Groves of Academe

One thing that struck me when I became a teacher was the high degree of control that professors had over their work. We had considerable say about what we taught, when we taught, what went on inside the classroom, and how we used our time outside the classroom. Once we earned tenure (basically a guarantee of lifetime employment), our control deepened; we could do pretty much as we pleased, as long as we didn’t behave in an egregiously bad manner. By the time I retired, I was able to choose the days and times I taught; I could skip class or keep a class any length of time I chose; I had sole discretion when it came to textbooks, assignments, examinations, papers, and the like; I could ignore student complaints without much risk; and I could conduct my classes in any manner I chose. Although teachers sometimes abused the freedom accorded them, and occasionally violated every canon of human decency, most professors labored diligently until they retired. When I was young, I had disdain for the old-timers, who seemed out of touch and over the hill. But I had to admire the way they kept at their trade, the concern they had for their students, and the loyalty they had to the college. Although I never developed any loyalty, I was much like them when I got old. I taught a Principles of Economics class to non-majors for thirty-two years, and I gave lectures as enthusiastically and as larded with commentary on current events in the last year as the first. I was happy that I had tenure; it protected me from being fired because my analysis of society was too radical for my colleagues or supervisors or because students didn’t like having their cherished notions demolished in class every day. Read More

Whither the National Parks?

In light of the interest in the national parks of the United States generated by Ken Burns’ new PBS documentary, I thought that readers might be interested in what I wrote about the parks in my book, Cheap Motels and a Hot Plate: An Economist’s Travelogue. I will have some additional thoughts after I view the entire series. I welcome reader comments. I have placed some new explanatory remarks in brackets.  The Addendum provides a sketch of one of the main National Park concessionaires. Read More

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