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Forum (Forum & Focus)

Mar. 19, 2009

Will Obama's Economic Engineering Encourage a Return to Old Habits?

Economic engineering is arguably borne of the same hubris that created financial models that recently failed spectacularly.

FORUM COLUMN

By Lauren E. Willis

As I walked along a side-street in Amsterdam a decade ago, with a canal to my right and quaint 17th century brick houses to my left, I suddenly realized that I was looking not into a house through its long, narrow windows but rather right through it. The historic face of the house along the street was standing, but no historic house hid behind. Instead, a brand new, modern house was being built on the old foundatio...

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