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• catalog abstract "For nearly ten years, readers of the Sunday Boston Globe and newspapers around America have delighted in David Warsh's column, "Economic Principals." This collection shows why. Taken as a whole, Warsh's writings amount to a vast and colorful group portrait of the personalities who dominate modern economics - from the luminaries to unknown soldiers to eccentrics who add sparkle to the tapestry. Partly a history of controversies in economics, partly an essay on the evolution of the field, Economic Principals offers a glimpse of one of the most important stories of our time: the metamorphosis of a priestly class of moral philosophers into the mathematical mandarins of today, whose ideas are reshaping society even as they reveal its workings in ever more subtle detail. Warsh first recounts the rise of the economic paradigm, deftly treating the rediscovery of Adam Smith and the centrality of markets. He then turns to the generation of economists for whom the Nobel Prize was created in 1969, the men who forged the modern field in a few years during and after World War II. Some, like Paul Samuelson and Milton Friedman, are well known to the public; others, like Trygvie Haavelmo and George Dantzig, are less quickly recognized. But all have interesting stories which Warsh brings to light. Tracing the high tech revolution to the current generation, he sketches younger scholars such as Jeffrey Sachs, Martin Feldstein, and others less popularly known, who rule the field today. Marking the most powerful applications of modern economics, Warsh explains how the ingenious "rocket scientists" of Wall Street are creating new markets and the business school wizards and leading corporate executives are reinventing the organization. Finally, in exploring the implications of modern economics, Warsh introduces us to scholars operating on the boundaries of the field, from Jane Jacobs to Noam Chomsky, and to the critics, like Donald McCloskey and Robert Reich, who have brought a bit of moral philosophy back into the economist's brave new world. At every step, Warsh maps the field with the journalist's eye for detail. Readers will see why he is considered one of the most consistently stimulating economic journalists in America today.".
• catalog contributor b3988089.
• catalog created "c1993.".
• catalog date "1993".
• catalog date "c1993.".
• catalog dateCopyrighted "c1993.".
• catalog description "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) -- ".
• catalog description "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) -- ".
• catalog description "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 -- ".
• catalog description "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) -- ".
• catalog description "Finally, in exploring the implications of modern economics, Warsh introduces us to scholars operating on the boundaries of the field, from Jane Jacobs to Noam Chomsky, and to the critics, like Donald McCloskey and Robert Reich, who have brought a bit of moral philosophy back into the economist's brave new world. At every step, Warsh maps the field with the journalist's eye for detail. Readers will see why he is considered one of the most consistently stimulating economic journalists in America today.".
• catalog description "For nearly ten years, readers of the Sunday Boston Globe and newspapers around America have delighted in David Warsh's column, "Economic Principals." This collection shows why. Taken as a whole, Warsh's writings amount to a vast and colorful group portrait of the personalities who dominate modern economics - from the luminaries to unknown soldiers to eccentrics who add sparkle to the tapestry. Partly a history of controversies in economics, partly an essay on the evolution of the field, Economic Principals offers a glimpse of one of the most important stories of our time: the metamorphosis of a priestly class of moral philosophers into the mathematical mandarins of today, whose ideas are reshaping society even as they reveal its workings in ever more subtle detail. Warsh first recounts the rise of the economic paradigm, deftly treating the rediscovery of Adam Smith and the centrality of markets. ".
• catalog description "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) -- ".
• catalog description "He then turns to the generation of economists for whom the Nobel Prize was created in 1969, the men who forged the modern field in a few years during and after World War II. Some, like Paul Samuelson and Milton Friedman, are well known to the public; others, like Trygvie Haavelmo and George Dantzig, are less quickly recognized. But all have interesting stories which Warsh brings to light. Tracing the high tech revolution to the current generation, he sketches younger scholars such as Jeffrey Sachs, Martin Feldstein, and others less popularly known, who rule the field today. Marking the most powerful applications of modern economics, Warsh explains how the ingenious "rocket scientists" of Wall Street are creating new markets and the business school wizards and leading corporate executives are reinventing the organization. ".
• catalog description "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) -- ".
• catalog description "Library Journal Best Books".
• catalog description "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-- ".
• catalog description "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).".
• catalog description "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) -- ".
• catalog extent "xviii, 525 p. ;".
• catalog hasFormat "Economic principals.".
• catalog identifier "0029339960".
• catalog isFormatOf "Economic principals.".
• catalog issued "1993".
• catalog issued "c1993.".
• catalog language "eng".
• catalog publisher "New York : Free Press,".
• catalog relation "Economic principals.".
• catalog spatial "United States".
• catalog subject "330/.092/2 B 20".
• catalog subject "Economics History 20th century.".
• catalog subject "Economists Biography.".
• catalog subject "Economists United States Biography.".
• catalog subject "HB76 .W37 1993".
• catalog tableOfContents "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) -- ".
• catalog tableOfContents "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) -- ".
• catalog tableOfContents "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 -- ".
• catalog tableOfContents "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) -- ".
• catalog tableOfContents "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) -- ".
• catalog tableOfContents "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) -- ".
• catalog tableOfContents "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-- ".
• catalog tableOfContents "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).".
• catalog tableOfContents "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) -- ".
• catalog title "Economic principals : masters and mavericks of modern economics / David Warsh.".
• catalog type "Biography. fast".
• catalog type "History. fast".
• catalog type "text".