Why am I passionate about this?
When I was contemplating a topic for my PhD thesis, it struck me powerfully that American economics was severely under-studied, and that this applied even more so to those associated with “American institutional economics.” My research soon indicated to me that the literature that did exist was lacking in coverage and badly misleading. During my research in archives, I uncovered some real gems—just one example was the archives of the Robert Bookings Graduate School, an institution largely forgotten, but famous at the time. This was exciting and inspired me to continue on to provide a major re-evaluation of American economics in the interwar period.
Malcolm's book list on the economic mind in America from 1880 to 1960
Why did Malcolm love this book?
American economics in the Progressive Era (usually dated from the later 1800s to World War I) is quite fascinating.
Mary Furner’s book is an excellent discussion of the developing American social sciences in this period.
American universities developed rapidly along with the professionalization of the social sciences. At the same time, rapid US industrialization created a raft of new economic and social problems that demanded a response.
This created a tension between the desire for professional “scientific” standing and the demand to respond to obvious social problems by advocating for particular policy responses.
Furner pays particular attention to the work and career of economist H. C. Adams, who was a teacher to a number of the later institutionalist group. In the institutionalist literature, this tension is expressed in the conjoined goals of “science and social control.”
For institutionalists, the solution to this problem was found in the pragmatic and instrumental…
1 author picked Advocacy and Objectivity as one of their favorite books, and they share why you should read it.
This award-winning book of the Frederick Jackson Turner Studies describes the early development of social science professions in the United States. Furner traces the academic process in economics, sociology, and political science. She devotes considerable attention to economics in the 1880s, when first-generation professionals wrestled with the enormously difficult social questions associated with industrialization. Controversies among economists reflected an endemic tension in social science between the necessity of being recognized as objective scientists and an intense desire to advocate reforms.
Molded by internal conflicts and external pressures, social science gradually changed. In the 1890s economics was defined more narrowly around…