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Author: Robert William Fogel Publisher: University of Chicago Press ISBN: 0226256618 Category : Business & Economics Languages : en Pages : 163
Book Description
We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.
Author: Robert William Fogel Publisher: University of Chicago Press ISBN: 0226256618 Category : Business & Economics Languages : en Pages : 163
Book Description
We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.
Author: Ted McCormick Publisher: OUP Oxford ISBN: 0191571717 Category : History Languages : en Pages : 364
Book Description
William Petty (1623-1687) was a key figure in the English colonization of Ireland, the institutionalization of experimental natural philosophy, and the creation of social science. Examining Petty's intellectual development and his invention of 'political arithmetic' against the backdrop of the European scientific revolution and the political upheavals of Interregnum and Restoration England and Ireland, this book provides the first comprehensive intellectual biography of Petty based on a thorough examination not only of printed sources but also of Petty's extensive archive and pattern of manuscript circulation. It is also the first fully contextualized study of what political arithmetic - widely seen as an ancestor of modern social and economic analysis - was originally intended to do. Ted McCormick traces Petty's education among French Jesuits and Dutch Cartesians, his early work with the 'Hartlib Circle' of Baconian natural philosophers, inventors, and reformers in England, his involvement in the Cromwellian conquest and settlement of Ireland, and his engagement with both science and the politics of religion in the Restoration. He argues that Petty's crowning achivement, political arithmetic, was less a new way of analysing economy or society than a new 'instrument of government' that applied elements of the new science - a mechanical worldview, a corpuscularian theory of matter, and a Baconian stress on empirical method and the transformative purposes of natural philosophy - to the creation of industrious and loyal populations. Finally, he examines the transformation Petty's program of social engineering, after his death, into an apparently apolitical form of statistical reasoning.
Author: Lancelot Hogben Publisher: Routledge ISBN: 1136521569 Category : Business & Economics Languages : en Pages : 544
Book Description
Encompassing the areas of economics, sociology, social biology and genetics, and drawing on studies from the UK and Australia, this volume charts and analyses the factors affecting population growth. Chapters include: * The international decline in fertility * The changing structure of the family * Educational opportunities * Concepts of race.
Author: Sir William Petty Publisher: BoD – Books on Demand ISBN: 3387326564 Category : Fiction Languages : en Pages : 162
Book Description
Reproduction of the original. The publishing house Megali specialises in reproducing historical works in large print to make reading easier for people with impaired vision.
Author: Lancelot Hogben Publisher: Routledge ISBN: 1136521496 Category : Business & Economics Languages : en Pages : 533
Book Description
Encompassing the areas of economics, sociology, social biology and genetics, and drawing on studies from the UK and Australia, this volume charts and analyses the factors affecting population growth. Chapters include: * The international decline in fertility * The changing structure of the family * Educational opportunities * Concepts of race.
Author: Sir William Petty Publisher: Good Press ISBN: Category : Fiction Languages : en Pages : 57
Book Description
"Essays on Mankind and Political Arithmetic" by Sir William Petty Sir William Petty was an English economist, physician, scientist, and philosopher. In this book, he looks at different historical moments in London's society to see how the city and the people who live there have changed over time. Ton, how this represents global population growth, how religion impacted society, the plagues of London, and more are all examined in great detail.
Author: Philipp Lepenies Publisher: Columbia University Press ISBN: 0231541430 Category : Business & Economics Languages : en Pages : 203
Book Description
Widely used since the mid-twentieth century, GDP (gross domestic product) has become the world's most powerful statistical indicator of national development and progress. Practically all governments adhere to the idea that GDP growth is a primary economic target, and while criticism of this measure has grown, neither its champions nor its detractors deny its central importance in our political culture. In The Power of a Single Number, Philipp Lepenies recounts the lively history of GDP's political acceptance—and eventual dominance. Locating the origins of GDP measurements in Renaissance England, Lepenies explores the social and political factors that originally hindered its use. It was not until the early 1900s that an ingenuous lone-wolf economist revived and honed GDP's statistical approach. These ideas were then extended by John Maynard Keynes, and a more focused study of national income was born. American economists furthered this work by emphasizing GDP's ties to social well-being, setting the stage for its ascent. GDP finally achieved its singular status during World War II, assuming the importance it retains today. Lepenies's absorbing account helps us understand the personalities and popular events that propelled GDP to supremacy and clarifies current debates over the wisdom of the number's rule.