Lost Prophets: An Insider's History of the Modern Economists
Reseña
Libro Usado, Tapa Dura. Economics and its practitioners have come to dominate political and business decision making to an extent unimaginable before World War II. Indeed, until the time of Franklin D. Roosevelt, there were no national income accounts to monitor the economy's health; the pulse of economic affairs was taken mainly from the stock market's gyrations, railroad freight activity, and an annually calculated unemployment rate. Today, just fifty years later economic forecasters possess such clout that stock markets often hang on their prognostications, business planners frequently alter course based on their advice, and many political campaigns have been influenced by their analyses and predictions. But what does the record tell us about the reliability, even the usefulness, of what economists advocate? How have their insights, as well as their miscalculations, shaped our lives and our world?
