Volume 6, No. 3 (Fall 2003)
Panelist Nancy-Ann DeParle’s description of Newhouse’s paper as a “nice job of cataloging” is an apt description of this 1063-page tome as a whole. Its reading level is low enough that professors can assign readings from it to seniors majoring in economics whom they want to familiarize with recent economic history from the point of view of our mainstream economics elite. It can also be used as a reference work by today’s journalists and tomorrow’s historians. People familiar with a paper’s subject matter are unlikely to find it enlightening.