03/18/2010 05:12 am ET Updated May 25, 2011

George Soros Battles Free Market Zealots With New Fund, Economic Journal: Newsweek

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic adviser, in an interview in the weeks after the markets crashed a year ago. Yet to a remarkable degree, economic thinking hasn't changed very much at all. (Click here to follow Michael Hirsh).

Now financier George Soros is announcing a $50 million effort to speed things along.