June 8, 2006: The US in Peril?

By Jeff Madrick. A review of American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century by Kevin Phillips.

July 3, 2003: Mysteries of Growth

... , especially on new goods. Economics is full of such two-way chains of causation. 2. The title of Jeff Madrick's new book is Why Economies Grow, which suggests that it is mainly about the causes of the trend in growth: why ...

September 24, 1998: Revolution Watch: An Exchange

By Bob Davis, David Wessel, Reply by Jeff Madrick To the Editors: Jeffrey Madrick's description of the productivity disappointments of the past and the present ["Computers: Waiting for the Revolution," NYR, March ...

July 11, 1996: 'How to Succeed in Business': An Exchange

By Thomas M. Doerflinger, Reply by Jeff Madrick To the Editors: Jeff Madrick [NYR, April 18] seems to blame Wall Street for the oft-cited fact that real wages have stagnated since the early 1970s. Just as pundits hailed ...

October 8, 1998: Wall Street Blues

By Jeff Madrick, Leon Levy Leon Levy started his career on Wall Street as a security analyst and became a partner in Oppenheimer & Co., then a small brokerage firm, in 1951. He and his partner, Jack Nash, built the ...

January 14, 1999: The International Crisis: An Interview

By George Soros, Jeff Madrick In July of 1997, the currency of Thailand, the baht, fell precipitously in value when the government abolished the link it had long maintained to the US dollar. The fall in the value of currency ...

December 17, 1998: Hedge Fund Mysteries

By Jeff Madrick, Leon Levy When the investment fund called Long-Term Capital Management almost collapsed last August, the event sent tremors throughout the financial world. Many feared that Long-Term Capital's problems ...

January 12, 2006: The Way to a Fair Deal

By Jeff Madrick. Between 1973 and 1993, the standard of living for average Americans rose more slowly than in any previous twenty-year period since the Civil War. Although the economy grew, the benefits of this growth ...

July 18, 2002: The Power of the Super-Rich

By Jeff Madrick. The great hope of some reform-minded Americans is that there will be, sooner or later, a political backlash against rising inequality in America. Kevin Phillips, a former Republican adviser, is one of ...

August 10, 2000: All Too Human

By Jeff Madrick. To most observers of the ups and downs of today's stock market, it defies common sense when eminent economists assert that the stock market works according to logical principles. But most economists believe ...

July 19, 2001: Mr. Fixit

By Jeff Madrick. When George W. Bush signed the $1.35 trillion federal tax cut in June, it marked the culmination of one of the more unlikely legislative victories of our time. Bush's original tax reduction proposal was ...

February 14, 2002: Welch's Juice

By Jeff Madrick. When Jack Welch became chief executive officer of General Electric in 1981, American business was more beleaguered than at any time since the Great Depression. Economic growth in the 1970s had slowed ...

May 26, 2005: A Mind of His Own

By Jeff Madrick. John Kenneth Galbraith has been a Harvard economist, an accomplished diplomat, a political activist, a close adviser to presidents, a novelist and memoirist, and the best-selling economic writer of his ...

March 14, 2002: Enron: Seduction and Betrayal

By Jeff Madrick. Widely promoted as one of the great corporations of a new age, the Enron company has turned out to be largely, and perhaps even mostly, a creation of accounting gimmickry. But the scandal of its collapse ...

December 18, 2003: Health for Sale

By Jeff Madrick. That the US has adopted a more and more constricted view of the uses of government is especially evident in the recent debate over a prescription drug plan for the elderly. After bitter negotiations to ...

April 18, 1996: How to Succeed in Business

By Jeff Madrick During the past fifteen or twenty years, after several decades in which the distance between America's rich and poor was relatively narrow, the distribution of wealth has again skewed dramatically in favor ...

May 31, 2001: The Charms of Property

By Jeff Madrick No one can tell us with any authority that money makes people happy. But we know that extreme poverty usually makes people unhappy. The World Bank calculates that the number of people in the world living ...

March 10, 2005: The Producers

By Jeff Madrick. For many Americans the long expansion of the economy during the 1990s reinforced the belief that technological advances will naturally lead to prosperity. So strong is this belief that the stock market ...

December 19, 1996: Social Security and Its Discontents

By Jeff Madrick. In his new book about saving Social Security, Restoring Hope in America, the writer Sam Beard, an inner-city organizer turned fiscal conservative, indulges in a few tricks of the political pamphleteer ...

March 26, 1998: Computers: Waiting for the Revolution

By Jeff Madrick. In early January, the Bureau of Labor Statistics reported data, including strong job growth in December, suggesting that the economy again grew rapidly in the last three months of 1997. This followed ...

March 6, 1997: The Cost of Living: A New Myth

By Jeff Madrick. When the Advisory Commission to Study the Consumer Price Index released its report in early December claiming that consumer inflation is being overstated by 1.1 percent a year, its findings were generally ...

September 21, 1995: The End of Affluence

By Jeff Madrick. The last time Americans were strongly in favor of balancing the federal budget was during the Great Depression. Then, as now, the public generally thought that budget deficits were the cause rather than ...

September 23, 1999: How New Is the New Economy?

By Jeff Madrick The rapid economic growth of the past few years has surprised even the most optimistic forecasters, and it has made a significant difference to Americans' sense of themselves. The volume of goods and services ...

August 14, 1997: In the Shadows of Prosperity

By Jeff Madrick. Andrew Hacker's new book, Money, arrives at a propitious time. With the US unemployment rate now around its lowest level in twenty-five years, inflation subdued, and stock prices high, many commentators ...

May 12, 1988: Big Shots

... confinement. Mr. Boesky's is the more nearly hopeless case. Although "edited" by Jeffrey Madrick, his book does seem, unfortunately, to be mostly his own, and it includes material drawn from lectures at New York ...

February 28, 2002: The Betrayal of Capitalism

... on these and other operations of Enron, on which I draw here, has been compiled by Randall Dodd and Jeff Madrick and will be the subject of a forthcoming article by Mr. Madrick in these pages. The Betrayal of Capitalism ...

March 8, 2001: The World on a String

... . Open Society: Reforming Global Capitalism by George Soros Public Affairs, 365 pp., $26.00 Notes [1]See Jeff Madrick's "How to Succeed in Business," The New York Review, April 18, 1996. [2] Rational expectations ...

April 10, 1997: Reinventing the Corporation

... . For a contrary view criticizing the Commission's conclusions as "highly debatable," see Jeff Madrick, "The Cost of Living:A New Myth," The New York Review, March 6, 1997, pp. 19-24. [2] Simon Head, ...

October 7, 1999: He's Got the Whole World in His Hands

... to approximately 2 percent a year, roughly double its average from 1973 to 1995, can be sustained, see Jeff Madrick's recent article in these pages, "How New Is the New Economy?" The New York Review, September ...

June 25, 1998: How to Think About the Stock Market

... his investment partnership. USAir is discussed in the 1994, 1996, and 1997 Annual Reports. See also Jeff Madrick, "How to Succeed in Business," The New York Review, April 18, 1996, p. 24, and, on the growing importance ...