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Stephen Metcalf

The Shame of No Shame: Fawning, Sniping in Media Land

Autumn of the Moguls: My Misadventures with the Titans, Poseurs, and Money Guys Who Mastered and Messed Up Big Media , by Michael Wolff. HarperCollins, 381 pages, $25.95.

In 1980, George W.S. Trow, a veteran New Yorker staff writer and one of the founding editors of The National Lampoon, published a 25,000-word jeremiad decrying Read More

Where Did All the Money Go? Two Versions of One Sad Story

The Roaring Nineties , by Joseph E. Stiglitz. W.W. Norton, 256 pages, $25.95.

The Great Unraveling: Losing Our Way in the New Century , by Paul Krugman. W.W. Norton, 320 pages, $25.95.

Before they drifted into the respectable upper reaches of the left-leaning punditocracy, Paul KrugmanandJoseph Stiglitz were what might be called Read More

Semi-Impenitent Communist, Magnanimous to the Last

Interesting Times: A Twentieth-Century Life, by Eric Hobsbawm. Pantheon, 448 pages, $30.

The great English historian Eric Hobsbawm-jazz fiend, Karl Kraus acolyte, omni-cosmo-politan, honorary New Yorker and semi-impenitent Bloomsbury communist-has written a remarkable auto-biography, Interesting Times: A Twentieth-Century Life . His primary qualification? “I have lived through almost all of the most extraordinary and terrible Read More

Black Market Bonanzas Exposed-A Secret History of Our Times

Reefer Madness: Sex, Drugs and Cheap Labor in the American Black Market , by Eric Schlosser. Houghton Mifflin, 310 pages, $23.

Eric Schlosser, author of the muckraking instant classic Fast Food Nation , has returned with a collection of three new exposés. In the earlier book, Mr. Schlosser took the simple, ubiquitous hamburger patty and Read More

Weird Science of Child Rearing Thrives on Hope and Anxiety

Raising America: Experts, Parents and a Century of Advice About Children, by Ann Hulbert. Alfred A. Knopf, 384 pages, $27.50.

Trailing clouds of glory, and still somewhat covered in her mother’s gore, my newborn baby was laid, cafeteria-style, under a heating lamp. There she was administered, at the ripe age of seven seconds, her first Read More

When Stand-Up Grew Up: Comedy’s Midcentury Flowering

Seriously Funny: The Rebel Comedians of the 1950s and 1960s , by Gerald Nachman. Pantheon, 659 pages, $29.95.

The history of stand-up comedy divides neatly into two eras: B.M.S. and A.M.S. Before Mort Sahl, comedians were mostlyingratiating Catskill tummlers . They’d rib the in-laws, flash the occasional stiletto and never touch the politics. Read More

Precocious, Post-Ironic Purdy Takes His Rectitude on Tour

Being America: Liberty, Commerce, and Violence in an American World, by Jedediah Purdy. Alfred A. Knopf, 303 pages, $24.

Back in 1999, a marketably young Yale law student named Jedediah Purdy wrote a book about the corrosive effects of irony. Though his arguments were often sloppy, he managed to marry the face of a Read More

Diving into the Dividend Fray, Pondering Perverse Effects

Everybody knew a plan to cut the corporate dividend tax was on its way. Buttotal elimination? Back in early December, TheStreet.com reported that the “scuttlebutt” was a (in retrospect) humble exemption-the first $5,000 to $50,000 of dividends-and, as late as the current issue of Business Week , forecasts were for a proposal that would cut Read More

Bullion on the Bubble; Blodget on the Skids

Gold, the ultimate pre-postmodern investment, had a big 2002, with its best annual percentage gain since 1979; the dollar, conversely,suffered its steepest plunge since 1987. Is this noise-or a trend?

The mainstream financial media is suggesting that the rising price of gold is nothing more than passing jitters. “Bets on Gold-Related Issues Reflect Events,” The Read More