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"Nasar, Sylvia"
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The Grand Pursuit of Alfred Marshall and Joseph Schumpeter: The Firm, the Entrepreneur, and Economic Growth1
In Jane Austen's lifetime, the typical Englishman was hardly better housed, fed, or clothed than the average Roman slave (Clarke 2009, chap. 1). His average caloric intake was lower than that of a member of a modern hunter-gatherer tribe. But by the time Charles Dickens wrote \"A Christmas Carol\" in 1843, something extraordinary was happening. The modern economic miracle was beginning. After nearly a hundred years of industrial revolution and expanding trade, production was expanding faster than population. Most of people associate the theory of innovation with the towering genius of Joseph Schumpeter, the glamorous Viennese lawyer, banker, politician, and professor of economics who cast the entrepreneur as the hero of the story of modern economic growth. It turns out, however, that Schumpeter was actually playing a duet with the far less famous, not at all flamboyant figure of Alfred Marshall.
Journal Article
Karl Marx: A Life
[Francis Wheen], a writer for The Guardian and for the British humor magazine, Private Eye, has given us a Marx who resembles Groucho, and whose torments from creditors to carbuncles to writer's block and the snubs of socialist rivals-are usually...
Journal Article
Keynes: The Sunny Economist
FOR someone who's been dead for 65 years, John Maynard Keynes has amazing presence. Open a paper, click on a blog or TV, and, voila, like Waldo, he's everywhere. The British economic oracle--whose boyhood nickname Snout should tell you that a pretty face isn't why he's hot--gets more Google hits than Leonardo DiCaprio. Gov. Rick Perry of Texas apparently got so fed up with the...
Newspaper Article
Keynes: The Sunny Economist
All the monetary authorities had to do was lower interest rates by creating more money until business could raise prices and would find it worthwhile to begin investing again. When the Depression failed to respond to monetary policy but instead deepened and spread, Keynes went back to the drawing board.
Newspaper Article