The history of Danish efforts to end centuries of domination by their 1% and empower the democratic majority offers valuable lessons for the rest of us.
James McGill Buchanan's vision of totalitarian capitalism has infected public policy in the United States. Now it's being exported.
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Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.