Political arithmetic : Simon Kuznets and the empirical tradition in economics / Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte.
2013
339.32 F655p 2013
Available at 3rd Floor
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Title
Political arithmetic : Simon Kuznets and the empirical tradition in economics / Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte.
Author
ISBN
9780226256610 (cloth : alkaline paper)
0226256618 (cloth : alkaline paper)
9780226020723 (e-book)
022602072X (e-book)
9780226020723 (e-book)
0226256618 (cloth : alkaline paper)
9780226020723 (e-book)
022602072X (e-book)
9780226020723 (e-book)
Published
Chicago : The University of Chicago Press, 2013.
Language
English
Description
xiii, 148 pages ; 24 cm.
Call Number
339.32 F655p 2013
System Control No.
(OCoLC)808810654
(OCoLC)808810654
(OCoLC)808810654
Summary
"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." -- Publisher's description.
Bibliography, etc. Note
Includes bibliographical references (pages 121-133) and index.
Formatted Contents Note
Introduction: The amazing twentieth century
The rise of academic economists before World War I
The early history of the NBER
The emergence of national income accounting as a tool of economic policy
The use of national income accounting to study comparative economic growth
The scientific methods of Simon Kuznets
Further aspects of the legacy of Simon Kuznets
The quarter century since the death of Simon Kuznets.
The rise of academic economists before World War I
The early history of the NBER
The emergence of national income accounting as a tool of economic policy
The use of national income accounting to study comparative economic growth
The scientific methods of Simon Kuznets
Further aspects of the legacy of Simon Kuznets
The quarter century since the death of Simon Kuznets.
Added Author
Series
NBER series on long-term factors in economic development.
Record Appears in