| Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics Contributor(s): Fogel, Robert William (Author), Fogel, Enid M. (Author), Guglielmo, Mark (Author) |
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ISBN: 0226256618 ISBN-13: 9780226256610 Publisher: University of Chicago Press OUR PRICE: $33.66 Product Type: Hardcover - Other Formats Published: April 2013 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic History - Business & Economics | Economics - Theory - Political Science | Political Economy |
| Dewey: 339.32 |
| LCCN: 2012031749 |
| Series: NBER Series on Long-Term Factors in Economic Development |
| Physical Information: 0.9" H x 6.1" W x 9.1" (0.85 lbs) 168 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn't the case--economists simply didn't have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize-winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking--Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover's interest in business cycles as President Harding's commerce secretary, and the catastrophic economic failures of the Great Depression--and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas. |
Contributor Bio(s): Guglielmo, Mark: - Mark Guglielmo is assistant professor of economics at Bentley University.Grotte, Nathaniel: - Nathaniel Grotte is associate director of the Center for Population Economics. Fogel, Robert William: - Robert William Fogel (1926-2013) won the 1993 Nobel Prize for Economics. He was the Charles R. Walgreen Distinguished Service Professor of American Institutions at the Booth School of Business, director of the Center for Population Economics, and a member of the Department of Economics and of the Committee on Social Thought at the University of Chicago. |