Economic History or History of Economics? A Review Essay on Sylvia Nasar's Grand Pursuit: The Story of Economic Genius

15 Pages Posted: 31 Dec 2011

See all articles by Orley Ashenfelter

Orley Ashenfelter

Princeton University - Industrial Relations Section; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Abstract

In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to show that they are people too – with more than enough warts and foibles to show they are human! I contrast the general view of the role of economics in Grand Pursuit with Robert Heilbroner's remarkably different conception in The Worldly Philosophers. I also discuss more generally the question of why economists might be interested in their history at all.

Keywords: economic history, economic growth, economic policy

JEL Classification: B10, B30

Suggested Citation

Ashenfelter, Orley C., Economic History or History of Economics? A Review Essay on Sylvia Nasar's Grand Pursuit: The Story of Economic Genius. IZA Discussion Paper No. 6213. Available at SSRN: https://ssrn.com/abstract=1977799

Orley C. Ashenfelter (Contact Author)

Princeton University - Industrial Relations Section ( email )

Princeton, NJ 08544-2098
United States
609-258-4040 (Phone)
609-258-2907 (Fax)

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
United States

IZA Institute of Labor Economics

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