The Illusion of Free Markets: Punishment and the Myth of Natural Order

(Harvard University Press) The author traces the birth of the idea of natural orderliness to 18th-century economic thought and its gradual evolution into today’s myth of the free market, and explores how it has produced the largest government-run penal sphere on the globe. Harcourt is the Julius Kreeger Professor of Law and professor and chair of the Department of Political Science at the University of Chicago.

Paw in print

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The October 2025 cover of PAW, featuring an illustration of a woman dressed like Superman, but the S on her chest is a dollar sign.
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October 2025

Philanthropist MacKenzie Scott ’92; President Eisgruber ’83 defends higher ed; Julia Ioffe ’05 explains Russia.