The Economy: Stirrings from the New Left

The spirit of radical protest that has been sweeping the U.S. academic community has been late in showing itself among economists. Last week it finally surfaced at the Manhattan convention of the American Economic Association. As protests go, this one was rather decorous. A group of young dissenters pushed its way onto the speakers' platform at the A.E.A.'s full membership meeting despite efforts by outnumbered private guards to block the intrusion. Though ruled out of order by the meeting's chairman, the radicals denounced their more conservative colleagues as "sycophants of inequality,...

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