WAITIN' FOR THE DAY WHEN SUPPLY WOULD MEET DEMAND:

Economists question dominance of free-market ideas in U.S. universities (Patricia Cohen, July 11, 2007, NY Times)

Challenging free-market orthodoxy may be like saying you believe in intelligent design at a Darwin convention, but in recent months, economists have started a lively debate over how their specialty is taught around the United States.

The difference, of course, is that Adam Smith's ideas work when applied to economics but not when applied to biology.

Posted by Orrin Judd at July 11, 2007 8:37 AM