Economic principals masters and mavericks of modern economics
David Warsh
- XVIII, 525 S
Most of the articles were previously published in the Boston globe
1. FIRST PRINCIPALS. The sex lives of great economists -- Adam Smith: the canniest Scot -- Redeeming Karl Marx -- Keynes: yes, he was a genius, but was he right? -- Marx, Keynes, and--- who? -- Emerson: the philosopher of the business class -- Aldo Leopold: the common vision of economics and ecology -- Frederic Bastiat: for the provisioning of Moscow -- The search for Kondratieff's wave -- The new Palgrave: smelly cheese for Roquefort addicts -- Alsager's heirs -- On "Tech-ing it up" -- Sand sketches and skyscrapers -- Short-term sacrifices and long-term gains -- The wizard of ec? -- Scientists see vast changes -- 1. THE OLDER GENERATION. The original (Lorie Tarshis) -- How economics went high-tech (Cowles Commission) -- Enfant terrible-emeritus (Paul Samuelson) -- A bunch of kids with adding machines (Lawrence Klein) -- Milton Friedman's surprising secret -- The professor of "Q" (James Tobin) -- First Jeff, now Mutt (George Stigler) -- A victory for the pure theory chapter (Gerard Debreu) -- "Most will not know who he is" (Richard Stone) -- The architect of the life-cycle (Franco Modigliani) -- The skeptic's reward (James Buchanan) -- Regulating government (Gordon Tullock) -- The man who discovered "technical change" (Robert Solow) -- --For what he did in the war (Maurice Allais) -- Gone fishin' (Trygve Haavelmo) -- Finance comes of age (Harry Markowitz, Merton Miller, William Sharpe) -- The long patrol (Ronald Coase) -- When the revolution really was a dinner party (Ronald Coase) -- Why you never heard of George Dantzig -- Planning, Hayek, and the CTC (Friedrich Hayek) -- Why Galbraith won't receive the Nobel Prize (John Kenneth Galbraith) -- From the chess set to Project Tipster (Herbert Simon) -- How the PC did in the big forecasters (Otto Eckstein) -- The enthusiast (Dale Jorgenson) -- A theory of everything? (Gary Becker) -- Janos Kornai: the system viewed from the east -- The hidden history of the National Bureau (John Meyer) -- The man who wrote books (Charles P. Kindleberger) -- An economy without a middle? (Robert Averitt) -- How a nuclear strategist switched to climate change (Thomas Schelling) -- Hepburn retires and is not replaced, as Tracy soldiers on (Caroline Shaw Bell) -- The many lives of Marshall Goldman -- How Waltham lost its watch trade (David Landes) -- The economics of journals (George Borts) -- Was oil ever really scarce? (M.A. Adelman) -- --In which Japan, like Greenland, shrinks some (Robert Summers) -- The possibilitarian (Albert Hirschman) -- 3. THE YOUNGER GENERATION. The new new economics (Paul Krugman) -- "The bureau," Feldstein's power base (Martin Feldstein) -- The nobleman who stooped to trade (Franklin Fisher) -- The odd genius behind "supply-side" economics (Robert Mundell) -- The economics of status: an old idea, reexamined (Robert Frank) -- The agency theory in a real world (Richard Zeckhauser and John Pratt) -- How the bra was invented and other useful lessons (Jose Scheinkman) -- Welfare reform? Or growth? (David Ellwood) -- The case for profit-sharing (Martin Weitzman) -- The computer who cried wolf-- (William Nordhaus) -- The "new classical" school's first textbook (Robert Barro) -- A primer for democrats seeking policy (Edmund Phelps) -- Why the mighty fall (Mancur Olson) -- Yes, Virginia, there is a truth about taxes (David Bradford) -- The thief of Baghdad, explained (Reuven Brenner) -- Why bureaucrats prefer quotas (James Anderson) -- Which model for Eastern Europe? (David Ellerman) -- DRI's new man for the '80s (Roger Brinner) -- The games that nations play (Avinash Dixit and Barry Nalebuff) -- How to stop cream-skimming in health care (Peter Diamond) -- First Thing we do, optimize the lawyers (Stephen Magee) -- A bully pulpit for Dukakis' economist in the Bush administration (Larry Summers) -- Is a class war in the offing? (Lawrence Katz and Kevin Murphy) -- Economists take sides on trade (Jagdish Bhagwati) -- "Big bang" vs. evolution (Peter Murrell) -- What we know (and don't know) about the '80s (Andrei Schleifer and Robert Vishny) -- Political economy of the First Amendment (Richard Posner) -- A new generation of democratic policy intellects (the CBO) -- Reports of the death of the middle class are exaggerated (Frank Levy) -- Divided, conquered (Uwe Rheinhardt) -- The winner's curse (Richard Thaler) -- Living as a "diminished giant" (Jagdish Bhagwati) -- The third coast (fresh-water economics) -- Yankees resplendent, Celtics rebuilding (Cambridge economics) -- The self-inventors: Clinton's advisers -- 4. ENGINEERS. After the crash (financial engineering) -- Rocket science and its dilemmas are here to stay (conflicts of interest) -- The money launderers stay a step ahead (Ingo Walter) -- Wall Street: an oral history (Gilbert Kaplan) -- Where ignorant armies trade by night (Stewart Myers) -- A graduate school for little capitalists (James Cloonan) -- When 2+2=3 (Michael Porter) -- Buy this junk bond! Don't break the chain! (Paul asquith) -- Weird economics (the Santa Fe Institute) -- Building a new zoo (Albert Wojnilower) -- A "strong" man for the Fed? (Gerald Corrigan) -- At the head of the queue (Jeffrey Buzen) -- How the financial markets went high-tech (Peter Bernstein) -- Dau! Dau! Dau! (Oliver Stone) -- 5. CRITICS. Das appropriation problem (Philip Mirowski) -- What the fuss was about (Arjo Klamer) -- The Woody Guthrie of economics (Seymour Melman) -- The bear in my closet (Robert Reich) -- Trust-buster in the idea business (Donald McCloskey) -- Too little knowledge: too much leverage (Andrew Kamarck) -- Never mind the second law (Julian Simon and Herman Daly) -- Against the weapons biz (Walter Isard and Kenneth Boulding) -- Medicine for hurry sickness (Michael Young) -- Building pandaemonium (Humphrey Jennings) -- A son charts his own course (James Galbraith) -- On the issue of the whole and its parts (computational complexity) -- Telling the wants from the wanters (Julie Matthaei) -- In which John Kenneth Galbraith goes soft on the corporation and has tea-- -- Why do we work so hard? (Juliet Schor) -- A voice from the economics left (Michael Piore) -- Questing for the "bionomic perspective" (Michael Rothschild) -- Species goldbug, genus crank (Howard Katz) -- Is there life before death? (Staffan Linder) -- 6. NEIGHBORS. Much more than just a common scold (Jane Jacobs) -- Thomas Kuhn: paradigm gained--and lost -- A noble story of technological change -- Francis Reintjes: reconstructing an engineering revolution -- America: democracy to bureaucracy? (John Lukacs) -- A knack for "thick description" (Theodore Levitt) -- The conference room as the symbol of the times (James Beniger) -- Lessons from the game of "life" (Peter Albin) -- How long did mass production last? (David Hounshell) -- Frank talk about class from-- Granola Valley? (Benjamin DeMott) -- On the economics significance of Noam Chomsky -- The odyssey of George Lodge -- Robert Nozick and the zigzag of politics -- "Somebody's got to take the responsibility!" (Robert Keohane) -- Rebuilding Beirut (Robert Clark) -- A Philadelphia story (Thomas Hughes) -- A visual strunk and white (Edward Tufte) -- Astronomers, ragpickers and J. Maynard Keynes (Stephen Gudeman) -- Reflections on "Belindia" (Adam Przeworksi) -- The Kennedy school tries again (Graham Allison) -- What do corporations want? (Michael Useem) -- "The cumulated complexity of a coral reef" (James Coleman) -- 7. PRACTITIONERS. The reflective practitioners (Donald Schoen) -- Why the "greenhouse plan" fell through (Ira Magaziner) -- Of kings, cabbages and Robert Reich (Stephen Sass) -- Why Oxford and Cambridge want B-schools (Alfred Chandler, Michael Porter) -- About commitment (Pankaj Ghemawat) -- Preachy inventors, inventive preachers (entrepreneur contest) -- The case of a supersonic reactor (Moshe Alamaro) -- In praise of a new hero (Jack Bennett) -- A man of girders and concrete (Frank Davidson) -- New thoughts on liquidity (Harry Ernst) -- When businessmen turn preachers (Ralph Landau) -- Tom Peters: between arrogance and terror -- The second draft of history (John Naisbitt) -- Coupon-clipper economics (Paul Hawken) -- How one company died (Max Holland).
1. FIRST PRINCIPALS. The sex lives of great economists -- Adam Smith: the canniest Scot -- Redeeming Karl Marx -- Keynes: yes, he was a genius, but was he right? -- Marx, Keynes, and--- who? -- Emerson: the philosopher of the business class -- Aldo Leopold: the common vision of economics and ecology -- Frederic Bastiat: for the provisioning of Moscow -- The search for Kondratieff's wave -- The new Palgrave: smelly cheese for Roquefort addicts -- Alsager's heirs -- On "Tech-ing it up" -- Sand sketches and skyscrapers -- Short-term sacrifices and long-term gains -- The wizard of ec? -- Scientists see vast changes -- 1. THE OLDER GENERATION. The original (Lorie Tarshis) -- How economics went high-tech (Cowles Commission) -- Enfant terrible-emeritus (Paul Samuelson) -- A bunch of kids with adding machines (Lawrence Klein) -- Milton Friedman's surprising secret -- The professor of "Q" (James Tobin) -- First Jeff, now Mutt (George Stigler) -- A victory for the pure theory chapter (Gerard Debreu) -- "Most will not know who he is" (Richard Stone) -- The architect of the life-cycle (Franco Modigliani) -- The skeptic's reward (James Buchanan) -- Regulating government (Gordon Tullock) -- The man who discovered "technical change" (Robert Solow) -- --For what he did in the war (Maurice Allais) -- Gone fishin' (Trygve Haavelmo) -- Finance comes of age (Harry Markowitz, Merton Miller, William Sharpe) -- The long patrol (Ronald Coase) -- When the revolution really was a dinner party (Ronald Coase) -- Why you never heard of George Dantzig -- Planning, Hayek, and the CTC (Friedrich Hayek) -- Why Galbraith won't receive the Nobel Prize (John Kenneth Galbraith) -- From the chess set to Project Tipster (Herbert Simon) -- How the PC did in the big forecasters (Otto Eckstein) -- The enthusiast (Dale Jorgenson) -- A theory of everything? (Gary Becker) -- Janos Kornai: the system viewed from the east -- The hidden history of the National Bureau (John Meyer) -- The man who wrote books (Charles P. Kindleberger) -- An economy without a middle? (Robert Averitt) -- How a nuclear strategist switched to climate change (Thomas Schelling) -- Hepburn retires and is not replaced, as Tracy soldiers on (Caroline Shaw Bell) -- The many lives of Marshall Goldman -- How Waltham lost its watch trade (David Landes) -- The economics of journals (George Borts) -- Was oil ever really scarce? (M.A. Adelman) -- --In which Japan, like Greenland, shrinks some (Robert Summers) -- The possibilitarian (Albert Hirschman) -- 3. THE YOUNGER GENERATION. The new new economics (Paul Krugman) -- "The bureau," Feldstein's power base (Martin Feldstein) -- The nobleman who stooped to trade (Franklin Fisher) -- The odd genius behind "supply-side" economics (Robert Mundell) -- The economics of status: an old idea, reexamined (Robert Frank) -- The agency theory in a real world (Richard Zeckhauser and John Pratt) -- How the bra was invented and other useful lessons (Jose Scheinkman) -- Welfare reform? Or growth? (David Ellwood) -- The case for profit-sharing (Martin Weitzman) -- The computer who cried wolf-- (William Nordhaus) -- The "new classical" school's first textbook (Robert Barro) -- A primer for democrats seeking policy (Edmund Phelps) -- Why the mighty fall (Mancur Olson) -- Yes, Virginia, there is a truth about taxes (David Bradford) -- The thief of Baghdad, explained (Reuven Brenner) -- Why bureaucrats prefer quotas (James Anderson) -- Which model for Eastern Europe? (David Ellerman) -- DRI's new man for the '80s (Roger Brinner) -- The games that nations play (Avinash Dixit and Barry Nalebuff) -- How to stop cream-skimming in health care (Peter Diamond) -- First Thing we do, optimize the lawyers (Stephen Magee) -- A bully pulpit for Dukakis' economist in the Bush administration (Larry Summers) -- Is a class war in the offing? (Lawrence Katz and Kevin Murphy) -- Economists take sides on trade (Jagdish Bhagwati) -- "Big bang" vs. evolution (Peter Murrell) -- What we know (and don't know) about the '80s (Andrei Schleifer and Robert Vishny) -- Political economy of the First Amendment (Richard Posner) -- A new generation of democratic policy intellects (the CBO) -- Reports of the death of the middle class are exaggerated (Frank Levy) -- Divided, conquered (Uwe Rheinhardt) -- The winner's curse (Richard Thaler) -- Living as a "diminished giant" (Jagdish Bhagwati) -- The third coast (fresh-water economics) -- Yankees resplendent, Celtics rebuilding (Cambridge economics) -- The self-inventors: Clinton's advisers -- 4. ENGINEERS. After the crash (financial engineering) -- Rocket science and its dilemmas are here to stay (conflicts of interest) -- The money launderers stay a step ahead (Ingo Walter) -- Wall Street: an oral history (Gilbert Kaplan) -- Where ignorant armies trade by night (Stewart Myers) -- A graduate school for little capitalists (James Cloonan) -- When 2+2=3 (Michael Porter) -- Buy this junk bond! Don't break the chain! (Paul asquith) -- Weird economics (the Santa Fe Institute) -- Building a new zoo (Albert Wojnilower) -- A "strong" man for the Fed? (Gerald Corrigan) -- At the head of the queue (Jeffrey Buzen) -- How the financial markets went high-tech (Peter Bernstein) -- Dau! Dau! Dau! (Oliver Stone) -- 5. CRITICS. Das appropriation problem (Philip Mirowski) -- What the fuss was about (Arjo Klamer) -- The Woody Guthrie of economics (Seymour Melman) -- The bear in my closet (Robert Reich) -- Trust-buster in the idea business (Donald McCloskey) -- Too little knowledge: too much leverage (Andrew Kamarck) -- Never mind the second law (Julian Simon and Herman Daly) -- Against the weapons biz (Walter Isard and Kenneth Boulding) -- Medicine for hurry sickness (Michael Young) -- Building pandaemonium (Humphrey Jennings) -- A son charts his own course (James Galbraith) -- On the issue of the whole and its parts (computational complexity) -- Telling the wants from the wanters (Julie Matthaei) -- In which John Kenneth Galbraith goes soft on the corporation and has tea-- -- Why do we work so hard? (Juliet Schor) -- A voice from the economics left (Michael Piore) -- Questing for the "bionomic perspective" (Michael Rothschild) -- Species goldbug, genus crank (Howard Katz) -- Is there life before death? (Staffan Linder) -- 6. NEIGHBORS. Much more than just a common scold (Jane Jacobs) -- Thomas Kuhn: paradigm gained--and lost -- A noble story of technological change -- Francis Reintjes: reconstructing an engineering revolution -- America: democracy to bureaucracy? (John Lukacs) -- A knack for "thick description" (Theodore Levitt) -- The conference room as the symbol of the times (James Beniger) -- Lessons from the game of "life" (Peter Albin) -- How long did mass production last? (David Hounshell) -- Frank talk about class from-- Granola Valley? (Benjamin DeMott) -- On the economics significance of Noam Chomsky -- The odyssey of George Lodge -- Robert Nozick and the zigzag of politics -- "Somebody's got to take the responsibility!" (Robert Keohane) -- Rebuilding Beirut (Robert Clark) -- A Philadelphia story (Thomas Hughes) -- A visual strunk and white (Edward Tufte) -- Astronomers, ragpickers and J. Maynard Keynes (Stephen Gudeman) -- Reflections on "Belindia" (Adam Przeworksi) -- The Kennedy school tries again (Graham Allison) -- What do corporations want? (Michael Useem) -- "The cumulated complexity of a coral reef" (James Coleman) -- 7. PRACTITIONERS. The reflective practitioners (Donald Schoen) -- Why the "greenhouse plan" fell through (Ira Magaziner) -- Of kings, cabbages and Robert Reich (Stephen Sass) -- Why Oxford and Cambridge want B-schools (Alfred Chandler, Michael Porter) -- About commitment (Pankaj Ghemawat) -- Preachy inventors, inventive preachers (entrepreneur contest) -- The case of a supersonic reactor (Moshe Alamaro) -- In praise of a new hero (Jack Bennett) -- A man of girders and concrete (Frank Davidson) -- New thoughts on liquidity (Harry Ernst) -- When businessmen turn preachers (Ralph Landau) -- Tom Peters: between arrogance and terror -- The second draft of history (John Naisbitt) -- Coupon-clipper economics (Paul Hawken) -- How one company died (Max Holland)
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