Kevin Hassett and Steven J. Davis - Steven J. Davis is an economics professor at the University of Chicago Booth School of Business and a visiting scholar at the American Enterprise Institute, where Kevin Hassett is director of economic policy studies.

Jan 16 2012, 2:24 PM ET Comment

What it really is, whom it really helps, and why it really matters to capitalism (Read our companion piece, "The Real Scandal in Private Equity," here)

Reuters

When Mitt Romney challenged Ted Kennedy for his Senate seat in 1994, Kennedy made Romney's private equity career a primary focus of the campaign. With Romney racking up impressive victories in Iowa and New Hampshire, Romney's opponents are...