As we note in this issue, budget surpluses are in doubt. But should the economy return to rapid economic growth, and indeed produce surpluses again, the author makes an interesting case. He argues that a classical growth model suggests social security should be totally funded, but it would be...

In the MarchApril 2002 issue, Thomas Palley wrote a critique of Thomas Michl's proposals to reform social security. Michl's response follows.

What should the new U. S. economic policies be? Challenge often devotes its pieces to discussion of demand and public investment. In this piece, however, we offer another view. The author argues in favor of creating surpluses through a progressive income tax or even wealth tax-perhaps even...

Is mainstream economics failing the original purposes of the classical economists like Adam Smith, David Ricardo, and John Stuart Mill? Duncan Foley has written a new history of economic thought for the layman, called Adam's Fallacy, which argues that it is. Can following one's self interest...