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
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
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