Sublime

Stigler’s mark in economics centered on the economic competency—or rather incompetency—of state power. Once man’s behavior was reduced to utility-maximizing self-interest, economists were able to tear down the edifices of government intervention in the economy; they sought “a large role for explicit or implicit prices in the solution of many social

Andrew Redleaf and Richard Vigilante write in Panic: The Betrayal of Capitalism by Wall Street and Washington, “The ideology of modern finance replaced the capitalist’s appreciation for free markets as a context for human creativity with the worship of efficient markets as substitutes for that creativity. The result was a divorce of entrepreneurial

Some highlights have been hidden or truncated due to export limits.

More central to the heart of governmental responsibility in democracies, however, is the digitization of public services.

falling public expenditures on research and development (R&D) as a share of gross domestic product (GDP), especially in information technology.

publicly visible.

we have less to fear from government restraints than from television glut; that, in fact, we have no way of protecting ourselves from information disseminated by corporate America; and that, therefore, the battles for liberty must be fought on different terrains from where they once were.