Nov 11, 2013, Vol. 19, No. 09 • By THE SCRAPBOOK
Believers in limited government and privatization lost one of their unsung heroes with the death of distinguished economist Ed Clarke on October 10. Clarke conceived of an idea he called revealed demand, a notion that helped make the case for having the market allocate goods and services formerly thought to be the sole province of governments. Across the globe, governments have come to use its precepts, creating markets to finance such things as roads, bridges, and runway landing and takeoff slots, with the people using the assets, rather than taxpayers, to pay for such investments.
While taxpayers around the world ultimately saved money thanks to Clarke’s innovation, it didn’t do much for his career. His adviser at the University of Chicago, George Stigler, initially rejected his dissertation, in which he spelled out this idea, forcing Clarke to abandon any hope of an academic career. Instead, he landed a job in the White House just in time to watch Watergate destroy the Nixon administration.
Chicago eventually saw the error of its ways and gave Clarke his Ph.D., but he remained in government for his entire career. He ended up at the Office of Management and Budget, where he worked on the deregulatory efforts of the 1970s and 1980s and later did yeoman’s work fighting the regulatory overreach of executive branch agencies.
Clarke never won the Nobel, although the prize committee did acknowledge his work when giving the 1996 award to William Vickrey for his work on auction markets, and 1986 winner James Buchanan would tell anyone who asked that Clarke should have won it with him.
But unlike most other economists, Clarke had the satisfaction of seeing his ideas make a real impact on the world, nudging the government out of an area of the economy that had been previously thought to be its sole province.
Jean Bethke Elshtain, 1941-2013 Aug 26, 2013, Vol. 18, No. 47 • By JOSEPH BOTTUM
Jean Bethke Elshtain may have been the busiest woman many of us had ever met. Shuttling back and forth between her regular teaching appointment at the University of Chicago and her settled home in Tennessee, she wrote and wrote—and wrote and wrote. Essays, talks, books, memos to fellow directors on the almost endless number of boards on which she served. Letters, emailed comments about her friends’ latest work, notes on current theological and political issues: a ceaseless flow of words.
2:31 PM, Jul 15, 2013 • By DANIEL HALPER
First Lady Michelle Obama and Chicago mayor Rahm Emanuel are teaming up to work on "youth empowerment," the White House announced today. They'll join together later this week in Chicago for an event on the issue.
Chicago is bereft of celebrity fans.
Jun 24, 2013, Vol. 18, No. 39 • By JOSEPH EPSTEIN
I was watching the Chicago Blackhawks play the Los Angeles Kings in the western Stanley Cup final round when, in the second period, the television camera panned to Tom Cruise, sitting alone in a rink-side seat. “Tom Cruise is a big Kings fan,” the announcer said.
Raising money to win back the House.7:02 AM, May 29, 2013 • By DANIEL HALPER
Later this evening, President Barack Obama will head to his hometown of Chicago to attend two Democratic party fundraisers aimed to help his party help win back the House of Representatives from the Republicans.
"In the afternoon, the President will travel to Chicago. The departure from the South Lawn and the arrival at O’Hare International Airport are open press," Obama's schedule reads.
3:05 PM, May 3, 2013 • By MARY CLAIRE KENDALL
Just as the wrecking ball was poised to swing at President Reagan’s home on Chicago’s South Side, where he lived when he was 3-4 and survived near-fatal pneumonia, President Barack Obama put brain research in the national spotlight.
2:12 PM, May 3, 2013 • By DANIEL HALPER
In a petition emailed today to supporters, Organizing for Action, President Obama's former campaign group, uses violence in Chicago to push for more gun control.
"In 2009, my schoolmate Greg Robinson was in the backseat of a car returning home from a basketball game when someone with a gun opened fire," the letter from "Ronnie Mosley," of Morehouse College Class of 2013, emails.
10:45 AM, Mar 27, 2013 • By DANIEL HALPER
First Lady Michelle Obama is headed next month to Chicago to discuss "Youth Violence," the White House announced today.
"On Wednesday, April 10, First Lady Michelle Obama will return to her hometown to address local business and community leaders about providing more opportunities for young people to achieve their full potential," the White House press release reads.
And the safe sidewalks of New York.Mar 4, 2013, Vol. 18, No. 24 • By HEATHER MAC DONALD
President Barack Obama recently went to Chicago to promote his poverty and gun violence initiatives and actually spoke a good deal of truth. “There’s no more important ingredient for success, nothing that would be more important for us reducing violence than strong, stable families, which means we should do more to promote marriage and encourage fatherhood,” he said.
7:48 AM, Feb 6, 2013 • By DANIEL HALPER
The editors of Barack Obama's hometown paper, the Chicago Tribune, urge the president to drop the nomination of Chuck Hagel as secretary of defense. The paper endorsed Obama in two presidential elections.
The editors of the paper write, "We'll be candid ... He should be in some other job, not running the Pentagon."
Former House speaker urges Congress to hold hearings on guns in Chicago.9:29 AM, Jan 15, 2013 • By DANIEL HALPER
Former House speaker Newt Gingrich talked about gun control this morning on CBS: