James Grant--one of the most skeptical, insightful, and witty writers on the adventures and foibles of financial markets--chronicles the various epidemics of investment excesses that have erupted over the past decade in his new book, Mr. Market Miscalculates (Axios Press, November 2008). Grant investigates, among other topics, mass psychology in...

Personal and Intellectual History

Alan Johnson: You were raised in a devoutly socialist family in the 1950s, and spent your adolescence running the US young socialist movement in the 1960s and early 1970s. As an adult you have been a leading figure in the neoconservative movement. People will assume a single rupture was involved in...

The late Edward C. Banfield tested the conventional opinions of intellectual elite against the practical needs of ordinary people.

Remembered byPaul W. McCracken, Robert H. Bork, Irving Kristol, and Michael Novak.

How U.S.-Russian relations will be affected by the war in Iraq.