Author

Publication

2011 - Fourth Estate, London, England

Language

English

Word Count

139,500 words, Guess

Page Count

558 pages

Identifiers

and 1 more

Classifications

  • DDC330.0904
  • LCCHB87 .N37 2011
  • LCCHB87

Description

A brilliant new approach to the story of modern economics and to understanding how we got into today's financial mess. As the twenty-first century faces new and ever more daunting economic obstacles, Sylvia Nasar tells the story of how our financial world came to function as it does today, and how a handful of men and women would change the lives of every person on the planet. Economics was not always associated with bankers and excess, or with recessions and bailouts. Economics, as we know it, was born in the nineteenth century when Charles Dickens and Henry Mayhew chronicled the destitution in London's slums and wanted to turn money into a force for social good. Man's material fate would be placed in his own hands, rather than left to destiny. The torch would be carried on by everyone from Marx and Engels to Keynes and Friedman, with revolutionary results.

Description

Sylvia Nasar, the author of the phenomenal bestseller A Beautiful Mind takes us on a journey through the epic story of the making of modern economics, and how it rescued mankind from squalor and deprivation by placing its material fate in its own hands, rather than in Fate. Nasar's account begins with Charles Dickens and Henry Mayhew observing and publishing the condition of the poor majority in mid 19th century London, the richest and most glittering place in the world. This was a new pursuit. She then describes the efforts of Marx, Engels, Alfred Marshall, Beatrice and Sydney Webb, and Irving Fisher to put those insights into action - with revolutionary consequences for the world. From the great John Maynard Keynes to Schumpeter, Hayek, Keynes's disciple Joan Robinson, the influential American economists Paul Samuelson and Milton Friedman, and India's Nobel Prize Winner Amartya Sen, she show how the insights of these activist thinkers transformed the world - from one city, London, to the developed nations in Europe and America and now the entire world. In Nasar's dramatic account of these discoverers we witness men and women responding to personal crises, world wars, revolutions, economic upheavals, and each others' ideas to turn back Malthus and transform the dismal science into a triumph over mankind's hitherto age-old destiny of misery and early death. This story, unimaginable less than 200 years ago, is a story of trial and error, and ultimately transcendent, rendered here in stunning narrative.

Subjects

Other Editions

  • Grand pursuit: the story of economic geniusFourth Estate2011-01-01
Show 3 more editions

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