Lives of the Laureates provides a condensed and personalized history of modern economic thought, with some of the most eloquent and important contributors to that history as guides. William F. Sharpe of the Graduate School of Business at Stanford, Ronald H. Coase of the University of Chicago, and Douglass C. North of Washington University are the distinguished trio of American economic laureates who have added their invaluable insights to this new edition.
They are joined by Franco Modigliani, James M. Buchanan, Robert M. Solow, Paul Samuelson, Milton Friedman, W. Arthur Lewis, Lawrence Klein, James Tobin, George Stigler, and Kenneth Arrow in a series of autobiographical essays that describe each economist's personal and professional development.
The book is prefaced on a very interesting idea in theory of having Nobel Laureate economists talk about their evolution as an economist. However I did not think the idea was as successful in practice. The stories while useful for drawing some conclusions on similarities between economists at times seemed too repetitive and thus not entertaining. Would have liked if the presenters had focused more on their major contributions to the field and less time on their educational history. Overall though it was fascinating to learn the progression of these economists from students just like me to people who helped to shape the field, with an interesting exposition on the various major influences these economists experienced during this journey.