I am a mathematician, based at Oxford University, following up the ideas of the Nobel prizewinner Roger Penrose on fundamental physics. But I am best known for writing a biography of Alan Turing, the founder of computer science. I did this at a time when he was almost unknown to the public, long before computers invaded popular culture. And it meant giving a serious account of two kinds of secret history: the codebreaking of the Second World War and the life of an unapologetic gay man. Since then I have also created a supporting website. When I was drawn to find out about Alan Turing, it was not only because he was a mathematician. I seized the chance to bring together many themes from science, history, and human life. This broad approach is reflected in my recommendations. I am choosing books that hint at the great scope of themes related to Turing’s life and work.
My fourth pick is another biography, of the economist John Maynard Keynes. Richard Davenport-Hines has divided up his account into ‘seven lives’. Yet by taking his personal life and sexual identity seriously, Davenport-Hines achieves an outstanding unification. Seriousness is not solemnity: readers will find here a delightful story about Keynes admiring Alan Turing’s fingernails at King’s College, Cambridge. There is much more to illustrate the extraordinary King’s College ambiance in which Turing found his home, and deeper connections: in late 1946, both were crossing the Atlantic, Keynes to rescue the British economy, Turing on his start-up of the computer industry. Keynesian economics are newly relevant now, but the liberal élite culture in which it was hatched may still surprise readers. When Turing started war work at Bletchley Park, he wrote to Keynes’s circle that Dillwyn Knox was ‘his boss’. Did he know, as Richard Davenport-Hines explains, that Knox had been…
From the bestselling and award-winning author of 'An English Affair', a dazzlingly original thematic biography which throws fresh light on the greatest economist of the twentieth century.
John Maynard Keynes is the man who saved Britain from financial crisis not once but twice - over the course of two World Wars. He remains a highly influential figure, nearly 70 years after his death. But who was he?
In this entertaining biography, Richard Davenport-Hines gives us the man behind the economics: the connoisseur, intellectual, public official and statesman who was equally at ease socialising with the Bloomsbury Group as he was…
I’ve studied Smith and his Scottish contemporaries, off and on, for over fifty years. My whole professional career has been spent at Glasgow University where Smith was both a student and later professor. I thus have a personal affinity to him and his work, all the more so because his published writings were all trailed in his professorial classroom. While I have published extensively on Smith, the particular book of mine that I’ve selected was chosen because I wanted to distill all my scholarship into a volume that would be accessible to non-academics.
What was impressive about this book and what made me recommend it (on the back cover) was how it succeeded in covering the full range of Smith’s work while demonstrating that it possesses a common unifying thread.
The author has already written a learned treatment of Smith (based on his doctoral dissertation); this volume, as befits a designedly introductory book, is written without jargon, in careful, clear prose. While students will gain the most benefit (the purpose of the series of which it is a part), it is, as well as informative, accessible to anyone with an initial interest in Smith, which it will succeed in broadening and deepening.
Almost everyone has heard of Adam Smith, founding father of modern economics and author of Wealth of Nations. There is, however, much more to him than this.
This new introduction gives a crystal clear overview of the entirety of Smith's thought. It demonstrates how Smith's economic theories fit into a larger system of thought that encompasses moral philosophy, philosophy of science, legal and political theory, and aesthetics. Examining the central arguments of his major works, ranging from The Theory of Moral Sentiments to his lectures on jurisprudence and beyond, Smith's thought is explained in its full intellectual and historical context.…
I’ve studied Smith and his Scottish contemporaries, off and on, for over fifty years. My whole professional career has been spent at Glasgow University where Smith was both a student and later professor. I thus have a personal affinity to him and his work, all the more so because his published writings were all trailed in his professorial classroom. While I have published extensively on Smith, the particular book of mine that I’ve selected was chosen because I wanted to distill all my scholarship into a volume that would be accessible to non-academics.
This is a defence of Smith's continuing relevance. It combines an overview of Smith's life and writings together with an assessment of his long-term and enduring contribution.
What is distinctive is that second-half of the book takes up Smith's ideas thematically and analyses them in the light of contemporary issues. Norman's judgment is that mainstream academic discussion of 'economics' is too self-absorbed and would be improved by heeding Smith's inclusive insights. Impressively what could have been a heavy read is conveyed in a readable, accessible style.
'A superb book' Financial Times, Books of the Year
Adam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? Or something else entirely? Jesse Norman's brilliantly conceived \book gives us not just Smith's economics, but his vastly wider intellectual project. Against the turbulent backdrop of Enlightenment…
AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth.
Phillipson’s book is, for us, the best intellectual biography about Smith.
It provides a balanced overall account of Smith’s economics and wider thought and traces their origins and evolution back to the places where Smith lived. It is a very fine read indeed. Quite possibly it is the most insightful book yet on Smith’s life and work.
It is a must-read for Smith scholars. It is also an important corrigendum to the many accounts that describe Smith as an absent-minded professor, somewhat detached from the world. Phillipson argues convincingly that Smith, while he may have had Asperger’s, was a man of the world, a very competent administrator in academic and other matters, and a much sought-after policy advisor at the highest level.
Adam Smith is celebrated all over the world as the author of The Wealth of Nations and the founder of modern economics. A few of his ideas - such as the 'Invisible Hand' of the market - have become icons of the modern world. Yet Smith saw himself primarily as a philosopher rather than an economist, and would never have predicted that the ideas for which he is now best known were his most important. This book, by one of the leading scholars of the Scottish Enlightenment, shows the extent to which The Wealth of Nations and Smith's other great…
I am a comparative urban specialist who came to Japanese urban history through my aspiration to place Russian urban studies within a comparative context. Several Japanese and Western Japan specialists encouraged me to advance this exploration by examining capitalist industrial urbanization in Japan. Historians and political scientists -- particularly at Kyoto National University -- provided a platform for me to expand my engagement with Japanese urbanization; relations which have continued for some three decades. More recently, I included Kabuki in The Muse of Urban Delirium, a collection of essays that seeks answers to the challenges of urban diversity, conflict, and creativity using various performing arts – opera, dance, theater, music – as windows onto urban life.
Osaka became an industrial giant during the Meiji period, remaining one of the world’s fastest-growing cities throughout the later decades of the nineteenth century and early decades of the twentieth. The city outgrew Tokyo in both population and industrial production for a brief period during the 1930s. This was a time when social displacement, horrendous public health and housing failings, and labor unrest threatened communal wellbeing. The city responded with some of the most innovative social policies of the era, especially under the leadership of Mayor Seki Hajime. As Hanes uncovers, Seki used his training as a social economist to promote increased industrial production that simultaneously became people-centered. The result was a modernized Osaka that retained a vibrant social inventiveness in the years leading up to World War II.
In exploring the career of Seki Hajime (1873-1935), who served as mayor of Japan's second-largest city, Osaka, Jeffrey E. Hanes traces the roots of social progressivism in prewar Japan. Seki, trained as a political economist in the late 1890s, when Japan was focused single-mindedly on "increasing industrial production," distinguished himself early on as a people-centered, rather than a state-centered, national economist. After three years of advanced study in Europe at the turn of the century, during which he engaged Marxism and later steeped himself in the exciting new field of social economics, Seki was transformed into a progressive. The social…
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!)
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 am a historian and economist who is fascinated by the intersection of the economy and culture. This started for me with the idea that economic ideas were shaped by the cultural context in which they emerged, which resulted in my book on the Viennese Students. Over time it has expanded to an interest for the markets for the arts from music to the visual arts, as well as the way in which culture and morality influence economic dynamism. Economics and the humanities are frequently believed to be at odds with each other, but I hope to inspire a meaningful conversation between them.
Biographies of economists can be dull and technical, but not if their subject is John Maynard Keynes. The flamboyant British economist was a member of the Bloomsbury Group of Virginia Woolf and E.M. Forster, married the famous Russian ballerina Lydia Lopokova, and had a group of followers known as the Cambridge circus. The great skill of Skidelsky is his ability to integrate the many facets of Keynes life, from the exciting intellectual milieu of Cambridge and the cultural milieu in London to the economic problems of war, peace, and the Great Depression. This book demonstrates in vivid terms that economics is done by economists with an underlying vision. In Schumpeter’s words that of Keynes was that of: “the arteriosclerotic economy whose opportunities for rejuvenating venture were in permanent decline.”
Robert Skidelsky's three-volume biography of John Maynard Keynes has been acclaimed as the authoritative account of the great economist-statesman's life. Here, Skidelsky has revised and abridged his magnum opus into one definitive book, which examines in its entirety the intellectual and ideological journey that led an extraordinarily gifted young man to concern himself with the practical problems of an age overshadowed by war. John Maynard Keynes offers a sympathetic account of the life of a passionate visionary and an invaluable insight into the economic philosophy that still remains at the centre of political and economic thought.…
I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that.
I like mysteries, and I have read all of the greats. This is not Sherlock Holmes quality, but it is good and another fun read. It presents ideas and their practical application in a fun and familiar format.
I love this book for the story. The hero is an economics professor, and it has a sense of humor. Co-written by two award-winning economists who invented a nom-de-plume and gave it a very funny backstory about being a cocoa bean investor, that sort of fun comes through in the book as well. Plus, it is set where so many great adventures are: in the Caribbean. Murder, the tropics, and economics—what’s not to love?
Cinnamon Bay Plantation was the ideal Caribbean island getaway--or so it seemed. But for distinguished Harvard economist Henry Spearman it offered diversion of a decidedly different sort and one he'd hardly anticipated: murder. While the island police force is mired in an investigation that leads everywhere and nowhere, the diminutive, balding Spearman, who likes nothing better than to train his curiosity on human behavior, conducts an investigation of his own, one governed by rather different laws--those of economics. Theorizing and hypothesizing, Spearman sets himself on the killer's trail as it twists from the postcard-perfect beaches and manicured lawns of a…
Roger E. Backhouse has been a Professor of Economics and the University of Birmingham (in the UK) for many years, specializing in the history of economic ideas, and has written several books on contemporary economics and where the ideas came from. Knowing that many people lose interest when economics gets technical, he has picked biographies of modern economists who have led interesting lives as well as contributing to the development of their discipline, defining “modern” economists as ones who were active during his own lifetime, a criterion that excludes John Maynard Keynes, on whom several outstanding biographies have been written.
I have picked this book because it tells a story that should interest anyone even if they have no interest in technical economics. Albert Hirschman was born into a Jewish family in Berlin and in his teens became politically committed as a socialist, at a time when the rise of the Nazi party made this a dangerous activity. The book tells the story of his exploits in Germany and occupied Europe before he ended up in the United States, where he made his career as a specialist on economic development, spending a significant part of his life advising the government of Colombia.
Hopefully, the book gives an account of Hirschman’s economic ideas in a way that will make sense even to readers who don’t know any economics, but even without that, it is a sufficiently gripping story of the life of an exile from inter-war Germany who ended up as…
Worldly Philosopher chronicles the times and writings of Albert O. Hirschman, one of the twentieth century's most original and provocative thinkers. In this gripping biography, Jeremy Adelman tells the story of a man shaped by modern horrors and hopes, a worldly intellectual who fought for and wrote in defense of the values of tolerance and change. This is the first major account of Hirschman's remarkable life, and a tale of the twentieth century as seen through the story of an astute and passionate observer. Adelman's riveting narrative traces how Hirschman's personal experiences shaped his unique intellectual perspective, and how his…
Accurate and precise forecasting is essential for successful planning and policy from economics to epidemiology. We have been keen to understand why so many forecasts turn out to be highly inaccurate since making dreadful forecasts ourselves, and advising UK government agencies (Treasury, Parliament, Bank of England) during turbulent periods. As simple extrapolation often beats model-based forecasting, we have been developing improved methods that draw on the best aspects of both, and have published more than 60 articles and 6 books attracting more than 6000 citations by other scholars. Our recommended books cover a wide range of forecasting methods—suggesting there is no optimal way to look into the future.
This is a readable tale of the rise of economic forecasters in the USA during the boom years of the 1920s, and their demise after failing to forecast the `Great Crash of 1929’ and ensuing Great Depression. Roger Babson did forewarn of a crash, but also failed after wrongly repeatedly forecasting an imminent recovery in the early 1930s. It holds many relevant lessons for our turbulent times, emphasizing that the future is always highly uncertain.
The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they…
