I am an economics professor at Victoria University of Wellington. As a previous Secretary of the New Zealand Treasury and Governor of the Reserve Bank of New Zealand, I have had quite a bit of experience watching economists’ ideas succeed and fail in the real world. I have written a number of books about policy economists and their lives in peace and wartime. (And a couple of novels too!)
I wrote...
Economists at War: How a Handful of Economists Helped Win and Lose the World Wars
This is the story of seven remarkable economists who used their skills to help their countries fight their battles during the world wars of 1935 to 1955, including the Chinese-Japanese war, the Second World War, and the Cold War. They were finance ministers, academics, advisers, and central bankers. There is good and bad economic thinking, good and bad policy, good and bad moral positions, as the economists were called on to finance the military, identify vulnerabilities in the enemy economies, and help reconstruction.
It was no easy ride: they suffered threats, imprisonment, trial, and assassination. Though quite different personalities, they all believed in the power of economics, and they all showed it could make a difference to economic, political, and military ends.
Lively writing on the lives of 16 economists, this is a classical introduction to the evolution of ideas from the early classical economists to John Maynard Keynes. It must be good – first written in 1953, it has now sold 4 million copies, and is the second-most-read economics text after Samuelson’s Economics. I like the way it presents economists as people in their time.
This is the story of four (European and American) central bankers fighting the dramas and crises during the lead-up to the Great Depression. When crisis looms, Bank of England Governor Montagu Norman puts on a disguise and boards a cruise ship to consult with his friend Benjamin Strong in New York. If only financial crises could still be fought that way today! I liked it because I used to be a central bank governor myself!
"Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the West's principal bankers . . . Spellbinding, insightful and, perhaps most important, timely." -Kirkus Reviews (starred)
"There is terrific prescience to be found in [Lords of Finance's] portrait of times past . . . [A] writer of great verve and erudition, [Ahamed] easily connects the dots between the economic crises that rocked the world during the years his book covers and the fiscal emergencies that beset us today." -The New York Times
Under the headings of hope, fear, and confidence, Nasar takes us through the lives, the ideas, the failings, and arguments of several dozen economists, in a lively journalistic fashion. From the last chaotic days of Joseph Schumpeter’s failing post-war Vienna to Joan Robinson’s 1950s propaganda trip to Stalin’s Moscow, she gives us an illuminating view of history and what economists did to try to improve it.
An instant New York Times bestseller, in a sweeping narrative the author of the esteemed A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives of every single person on the planet. Grand Pursuit is the epic story of the making of modern economics, of how economics rescued mankind from squalor and deprivation by placing its material fate in its own hands.
A New York Times bestseller, this sweeping narrative from the author of A Beautiful Mind takes us on a journey through modern history with the men and women…
This is the story of the momentous wartime meetings in New Hampshire that mapped out the new institutions that were to guide the global economy through the Cold War and after: the International Monetary Fund and the World Bank. It is an absorbing intellectual battle between arrogant British aristocratic John Maynard Keynes and the scrappy US Treasury official Harry Dexter White. (Spoiler alert: White won, but spoiled his reputation by likely being a Soviet spy.)
When turmoil strikes world monetary and financial markets, leaders invariably call for 'a new Bretton Woods' to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization. The actual story surrounding the historic Bretton Woods accords, however, is full of startling drama, intrigue, and rivalry, which are vividly brought to life in Benn Steil's epic account. Upending the conventional wisdom that Bretton Woods was the product of an amiable Anglo-American…
This is a heavier read taking us through a group history of the Austrian School of Economics from the coffee houses of Imperial Vienna to the modern-day Libertarians. Economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter originated ideas that have had a big impact on economics and politics, and have been much debated ever since.
A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party
The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business…
I'm the oldest granddaughter of Leora, who lost three sons during WWII. To learn what happened to them, I studied casualty and missing aircraft reports, missions reports, and read unit histories. I’ve corresponded with veterans who knew one of the brothers, who witnessed the bomber hit the water off New Guinea, and who accompanied one brother’s body home. I’m still in contact with the family members of two crew members on the bomber. The companion book, Leora’s Letters, is the family story of the five Wilson brothers who served, but only two came home.
The day the second atomic bomb was dropped, Clabe and Leora Wilson’s postman brought a telegram to their acreage near Perry, Iowa. One son was already in the U.S. Navy before Pearl Harbor had been attacked. Four more sons worked with their father, tenant farmers near Minburn until, one by one; all five sons were serving their country in the military–two in the Navy and three as Army Air Force pilots.
Only two sons came home.
Leora’s Letters is the compelling true account of a woman whose most tender hopes were disrupted by great losses. Yet she lived out four…
The day the second atomic bomb was dropped, Clabe and Leora Wilson’s postman brought a telegram to their acreage near Perry, Iowa. One son was already in the U.S. Navy before Pearl Harbor had been attacked. Four more sons worked with their father, tenant farmers near Minburn until, one by one, all five sons were serving their country in the military. The oldest son re-enlisted in the Navy. The younger three became U.S. Army Air Force pilots. As the family optimist, Leora wrote hundreds of letters, among all her regular chores, dispensing news and keeping up the morale of the…
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