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Grand Pursuit: A History of Economic Genius by Sylvia Nasar
It puts things in perspective. A Grand Pursuit is about two concerns 1 what do we do with the poor? This stands in contrast with the Malthusian view of cyclical death and despair, caused by overpopulation and the treatment of economics as ‘the dismal science’.
But nonetheless, the organization of chapters and timelines is rather confusing. If you have not read much about 19th and 20th century economic history and economists, this is a good volume to start nassar.
Until well into the 19th century, as Sylvia Nasar shows so clearly in Grand Pursuit, economics was, naar, dismal. Of all the brilliant men and women Nasar portrays in Grand Pursuit, Beatrice Webb is clearly her favorite.
La Gran Búsqueda – Estudio Javier Jaén
This trait of the subject matter makes it somewhat difficult to stay on top of the thread. Sylvia Nasar starts her history of economic thought unconventionally, with British author Charles Dickens and his story A Christmas Carol.
A true popular book about economic history cannot ignore Adam Smith or Malthus in the way Nasar does. Some chapters read as downright character assassinations and the references to literary passages, undoubtly intended as mere illustrations, are so artificially written that they only annoy the reader.
The gloomy predictions of Thomas Malthus dominated discussions about the economy, and then Charles Dickens and other social reformers got into the act in mid-century, decrying the deplorable conditions of the poor and the heartless assumption that their lot could never improve.
This book could have been great, but instead the author decided to ‘impress’ her readers with Victorian intrigues and an overload of uninteresting biographical details. In a sweeping narrative, the author of the megabestseller A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives The author of the groundbreaking bestseller A Beautiful Mind takes the reader on a journey of discovery–how the greatest invention of modern times, economics, has changed the lives of every single human being.
La gran búsqueda
In my opinion, Nasars mind is a bit too closed. But it really does start with grqn bang. One can only hope… Anyone who after the 20th century still thinks that thoroughgoing socialism, nationalism, imperialism, mobilization, central planning, regulation, zoning, price controls, tax policy, labor unions, business cartels, government spending, naaar policing, adventurism in foreign policy, faith in entangling religion and politics, or most of the other 19th-century proposals for governmental action are still neat, harmless ideas for improving our lives is not paying attention.
Sylvia Nasar takes you through the “long run” history of economics, most notably the men and women who made great strides in it, stretching from the days of Marx in s Europe and concluding with Amartya Sen in modern day India.
As someone who has learned economics through a few theory courses, a lot of the intellectual history here was totally new to me. The first chapter did that fairly well, and also was just so well written, layering biography, economic and cultural context, and economic theory so elegantly that I was drawn to finish the whole book.
Frases de Sylvia Nasar
busquedz I cannot help imagining that society of intellectuals There are exceptions to this rule. There are certain little details of these economists’ lives that I appreciate, especially in the first half of the book.
But that concern fades into the background during the early 20th century, as macroeconomic factors like depressions and monetary policy and foreign-exchange take the fore. But of course, the Austrian schoolers go much further with their libertarian urges than this idea. Both men led colourful lives, and Nasar captures those colours in all their glory. And that’s where Nasar excels: Real wages can be raised by education, crusades against unemployment, monetary management, advancing human rights, etc.
In the era of huge national deficits and concerns over a balanced budget, Ms. I can certainly understand the shorter amount of space dedicated to this section since it’s been covered at length by many other authors. As an example of the unclear prose sometimes seen, on pagein reference to Keynes role in the British Treasury during the Second World War, Nasar writes that “Neither middle age, celebrity status,nor bad heart had dimmed his impatience with the inefficency of the King’s College freshmen or the fury expressed in The Economic Consequences of the Peace.
She covers both their thought and their lives. All in all, I’d still highly recommend this book for the clarity and prose of the first two sections of the book.
By pinpointing a single common cause for the seemingly opposite ills of inflation and deflation, he identified a potential instrument — control nnasar the money supply — that government could use to moderate or even avoid inflationary booms or deflationary depressions.
In this regard it becomes clear why she chose for this set of thinkers: The combination of economic and intellectual biography was generally very interesting; it isn’t anything so simple as to say that people who lived through certain calamities were motivated to learn how they can be counteracted, though that is certainly a part of it.
A lot of authors she hails as ‘economic geniuses’ are themselves influenced by more radical theories.