Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics by Robert William Fogel

Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics

byRobert William Fogel, Enid M. Fogel, Mark Guglielmo...

Kobo ebook | April 15, 2013

not yet rated|write a review

Pricing and Purchase Info

$34.19 online 
$42.63 list price save 19%

Available for download

Not available in stores

about

We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy.

With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making.

The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.

Details & Specs

Title:Political Arithmetic: Simon Kuznets and the Empirical Tradition in EconomicsFormat:Kobo ebookPublished:April 15, 2013Publisher:University of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:022602072X

ISBN - 13:9780226020723

Look for similar items by category:

Customer Reviews of Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics

Reviews