His two-volume study, written with Robert W. Fogel, used data to challenge commonly held ideas about American slavery, including that it was unprofitable and inefficient.
Last week, the Biden administration released the “Economic Report of the President.” The report catalogues a hodgepodge of ideas with the “core aim” to “restore the public sector as a partner in long-run growth.” Clearly, President Biden wants to increase the role of Washington in every part of the American economy.