Noah Smith, Columnist

Finding Better Ideas to Rebuild America

Leave behind free-market fundamentalism and use activist government to strengthen the private sector.

Something right was happening.

Photographer: H. Armstrong Roberts/Retrofile/getty images
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The just-published book “Concrete Economics,” by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel -- 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book would become the Bible of the New Industrialist movement that is just beginning to grope its way out of the ashes of the neoliberal free-market consensus. Perhaps that tome will get written. But DeLong and Cohen couldn’t wait to write it, because we need new ideas now, and they decided they had to put a sketch of those new ideas into people’s heads very quickly. And I agree with their decision.

If you're at all concerned about economic policy, this is a book you need to read. It will take you only a couple of hours, and the time will be well-spent.