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Economic thinking

It's hard to resist an article with a lead like this: "There’s a case to be made that the single most intellectually and politically influential neighborhood in the United States is Chicago’s Hyde Park."

And it's a strong case, too -- Hyde Park is home to the BonJour Cafe's delicious belgian rolls, which have been winning the whole world over with their yummy goodness. But this article, surprisingly, is really about the Chicago School of economic thought, which has made the world's elite its bitch.

Fortunately, this isn't another paean to the ideological yumminess of free markets. Instead, the author says, "[f]or Thomas Friedman (and, indeed, [University of Chicago economics professor] Allen Sanderson), people can’t “disagree” with neo-classical economics. They can only fail to understand it." Which is the pithiest way of criticizing the Chicago school that there is.

All in all, this is a good read. Even if I am tired as all get-out from a long ER shift, and with sore feet to boot.

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