As a Professor of Economic History at the Oxford University, I taught the history of economic thought and wrote articles and a book in the field (The Nobel Factor).I love the limpid style and encompassing view of the classical economists (the first century after Smith). Their literary and academic styles have been abandoned, but they still have a great deal to teach. The role of land and natural resources as a factor of production in their theory has become relevant again as the environment comes under pressure. I also published in several other fields. My latest book is Understanding the Private-Public Divide: Markets, Governments and Time Horizons (2022).
I wrote
The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn
If you know only little about the subject, this is where to start.
A brilliant survey of the main thinkers, from Smith via Marx to Keynes, it surveys the era of political economy, when economists pondered how to make life better for all.
Not always correctly, not always in good faith, but their thinking formed our understanding of the world.
While you are at it, get the flavour of the real thing, Adam Smith’sWealth of Nations (1776, find Edmund Cannan’s edition, still in print or secondhand) – the best book in economics and one of the greatest ever.
Like a picaresque novel, it is a beguiling tour of every nook and cranny of economics ever, by a very great economist.
Deliberately provocative judgments, sometimes plain wrong (e.g. about Adam Smith) but always founded on deep knowledge and acute thought.
More than 1000 pages, never boring, with some original heterodox economic interpretation, e.g. on how money is created. Dip into or read right through.
At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of…
The corrective for Schumpeter. How an orthodox post-1945 American economist interprets the historical greats of economic thought.
For those who know some economics already, it translates into a language they can understand. Blaug was a very distinguished scholar himself, an independent thinker, a very clear writer.
If this is not always what the greats really meant, it shows what modern analytical economics is losing and has lost by neglecting its past.
This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is a history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics, namely the works of Smith, Ricardo, Mill, Marx, Marshall, Wickstead, Wicksell, Walras and Keynes, in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.…
Despite its austere title and exterior, this may be the best book ever written in the history of economic thought.
At its heart is the debate between defenders of fiat money and adherents of the gold standard during the Napoleonic wars in Britain, and some decades afterwards. This debate set the parameters of monetary discourse from that day to this – whether money should serve the economy or vice versa.
Written with unmatched clarity, precision, and penetration.
In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.
Read anything by Mirowski. By far the best writer in the field today.
Highly original, massively intelligent, stimulating, witty, deeply informed, a trenchant writer. His life’s work is to probe the validity and scientific pretensions of the discipline.
The critiques are biting, all the more so for the real-world authority wielded by economists. That he is sometimes a provocative maverick adds to the appeal.
Machine Dreamsargued implausibly (for its time) that economics had embraced robotic simulation. The emergence of AI shows how far ahead of its time it was.
This was the first cross-over book into the history of science written by an historian of economics. It shows how 'history of technology' can be integrated with the history of economic ideas. The analysis combines Cold War history with the history of postwar economics in America and later elsewhere, revealing that the Pax Americana had much to do with abstruse and formal doctrines such as linear programming and game theory. It links the literature on 'cyborg' to economics, an element missing in literature to date. The treatment further calls into question the idea that economics has been immune to postmodern…
Economists aspire to tell society how it should manage its affairs. They claim to be impartial scientists, and have a Nobel Prize to validate these claims. But the prize is a latecomer, established by the Swedish Central Bank in 1968, not by Alfred Nobel’s will in 1895.
The prize was a move by the Central Bank in support of monetary orthodoxy, against a Social Democratic government keen on social investment, especially housing. It has helped to legitimize the worldwide transition from social democracy to market liberalism, from governments striving to increase security for everyone, to those that take which take the large business corporation as the model to promote, and to emulate in the public service as well.
I come by my interest in history and the years before, during, and after the Second World War honestly. For one thing, both my father and my father-in-law served as pilots in the war, my father a P-38 pilot in North Africa and my father-in-law a B-17 bomber pilot in England. Their histories connect me with a period I think we can still almost reach with our fingertips and one that has had a momentous impact on our lives today. I have taken that interest and passion to discover and write true life stories of the war—focusing on the untold and unheard stories often of the “Average Joe.”
October 24, 1944, is not a day of national remembrance. Yet, more Americans serving in World War II perished on that day than on any other single day of the war.
The narrative of No Average Day proceeds hour by hour and incident by incident while focusing its attention on ordinary individuals—clerks, radio operators, cooks, sailors, machinist mates, riflemen, and pilots and their air crews. All were men who chose to serve their country and soon found themselves in a terrifying and otherworldly place.
No Average Day reveals the vastness of the war as it reaches past the beaches in…
October 24, 1944, is not a day of national remembrance. Yet, more Americans serving in World War II perished on that day than on December 7, 1941, when the Japanese attacked Pearl Harbor, or on June 6, 1944, when the Allies stormed the beaches of Normandy, or on any other single day of the war. In its telling of the events of October 24, No Average Day proceeds hour by hour and incident by incident. The book begins with Army Private First-Class Paul Miller's pre-dawn demise in the Sendai #6B Japanese prisoner of war camp. It concludes with the death…
