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Erratic Entrepreneurs

Writers of worthwhile biographies must not only research their facts carefully, they must also highlight the moral, imaginative, or philosophic significance of their subjects’ lives. Both James Grant’s Bernard Baruch and Stanley Jackson’s J.P. Morgan are well researched and clearly written, but both fail to tell us why we should care about either of these...

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Getting & Spending

One of the oddest intellectual trends of recent years has been the abandonment of economic determinism by writers on the left and its adoption by some writers on the right. The notion that all important human affairs are controlled by economic relations is a key element of Marx’s theories, yet the most influential leftist writers...