Jeff Madrick is the editor of Challenge magazine, an economics columnist at The New York Times and a regular economics contributor to The New York Review of Books. He is the author of The End of Affluence (Random House, 1995) and Taking America (Bantam,1987), both New York Times notable books of the year. Business Week magazine also named Taking America one of the ten best business books of the year. Madrick was an Emmy-award winning economics reporter and commentator for NBC News and WNBC-TV. He was also executive editor of Business Times on ESPN, which won an Ace Award. As a columnist for Business Week in the 1970s, he won the Page One Award. He also served as Business Week‘s financial editor and was formerly a columnist for Money magazine. Between 1978 and 1981, Madrick was an executive for Columbia Pictures and a Wall Street financial consultant. He is a graduate of New York University and Harvard Business School. Recently, he edited a book of economic essays entitled Unconventional Wisdom. He is an adjunct professor of social sciences at Cooper Union in New York City. While at the Center, Madrick will examine how today’s media have reported, analyzed and questioned the new economy.
The Business Media and the New Economy
January 1, 2001
A paper by Jeff Madrick, spring 2001 fellow, argues that the media, entranced with the economic idea of “the new economy” in the 1990s, missed other important trends detrimental to the economy overall. The broad faith in a new economy ultimately did a great deal of damage, states Madrick: It encouraged investors to pay prices
