Sunday, September 11, 2011

Nasar on Keynes and Schumpeter in 1919

Sylvia Nasar has a new book on the history of economic thought called Grand Pursuit: The Story of Economic Genius.  It got a strong review in the Economist.  In the run up to the release of the book, she has this article on Bloomberg about the roles of Keynes and Schumpeter in the wake of World War One with the restarting of economics.  It is interesting how she portrays Schumpeter working to create a new economic Austria in the wake of the collapse of the Austro-Hungarian Empire and Keynes trying to get the Big Four to be less crushing on Germany.

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