Episode Details

Were the first professional economists racists? Thomas Leonard of Princeton University and author of Illiberal Reformers talks with EconTalk host Russ Roberts about his book--a portrait of the progressive movement and its early advocates at the end of the 19th century and the beginning of the 20th. The economists of that time were eager to champion the power of the state and its ability to regulate capitalism successfully. Leonard exposes the racist origins of these ideas and the role eugenics played in the early days of professional economics. Woodrow Wilson takes a beating as well.