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Preview — Grand Pursuit by Sylvia Nasar
Grand Pursuit: A History of Economic Genius
That said, this is a book that was almost doomed to meet its expectations or thesis. The economic thinkers, while all important (thou...more
It’s well known that Thomas Carlyle, a 19th century British historian, is credited with first calling economics “the dismal science.” What’s much less widely appreciated is that this derogatory label was well justified when he set the phrase down on paper in 1849.
Until well into the 19th century, as Sylvia Nasar shows so clearly in Grand Pursuit, economics was, indeed, dismal. The gloomy predictions of Thomas Malthus dominated discu...more
The book opens in the year 1842 in Charles Dickens’ London. Dickens himself set out to awaken men’s souls to the hardships of the working class in the hopes that something would be done to ease their p...more
Nasar deals with these questions by telling about people, like Marx, Beatrice (NOT Beatrix) Potter Webb, Schumpeter, Hayek, and most especially Maynard Keyn...more
Lo que nos cuenta. Desde mediados del siglo XIX hasta comienzos del XXI, repaso de la vida e ideas, económicas principalmente (pero también muy sociales, políticas e incluso personales), de varios de los referentes y líderes de opinión de sus respectivas épocas, como Dickens, Marx, Keynes, Schumpeter, Hayek y Friedman entre otros, con la intención de mostrar la evolución del pensamien...more
Several reviewers felt let down by Nasar's treatment being too broad, or not supplying new answers. And I think that is the point of Nasar's work - the pursuit of the grand remains a pursuit. Human motivations are far more complex than what will lend themselves to economists, planners, bureaucrats, and politicians meddling in det...more
The author does a good job of depicting the history of e...more
By Sylvia Nasar
Published by Simon & Schuster
Grand Pursuit is an exploration of economic scholars, ideology and development over the past two century’s. Drawing upon the great political, economic and literary thinkers of the times, Nasar exposes the gritty realities of industrialized nations and the theories on wealth, poverty and unemployment that continue to confound our world leaders today.
Thoroughly researched and expansive in its coverage, Nasar provides biographical and pri...more
I mostly read non-fiction and I enjoy political and historical books with boring numbers, dates and statistics, but this is something else.
I'm not really familiar with the history of economics. I know a bit about economics, enough to get me through the publicly available details of the 2008 crisis. However, this is about history as much as it is about economics. It's how all these principles came to be. It's the countries, houses, families,...more
evolution of economic thought. Nasar explains the theoretical contributions of most of the acknowledged leaders of economics but the elaboration of the historical setting in which the writers developed and def...more
But I was captivated from the start, from the opening chapter on Dickens and Malthus, and the inception of economic thinking, which today, we all take for granted (even if we equate all|most economists as indistinguishable from nincompoops). Nasar references *A Farewell to Alms* by Greg...more
Sylvia Nasar starts her history of economic thought unconventionally, with British author Charles Dickens and his story A Christmas Carol. Her point is that Britain in the 1840s is one of the earliest times and places in which the extreme poverty of the majority no longer seemed to be permanent. Earlier economists, such as Thomas Malthus, thought that the poverty of the majority was inevitable, as birth rates adjusted to economic circumstances to keep the majority very poor.
Nasar is to be co...more
What I found most fascinating about this work was what it revealed regarding the personal lives of Karl Marx, Friedri...more