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Economics and Engineering

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The best book about developments in the culture of professional economics to appear in the last twenty five-years is, in my opinion, The World in the Model: How Economists Work and Think (Cambridge, 2012), by Mary S. Morgan, of the London School of Economics and the University of Amsterdam. The best book of the twenty-five years before that is, again, according to me, An Engine, Not a Camera: How Models Shape Financial Markets (MIT, 1997), by Donald MacKenzie, of the University of Edinburgh. Both books describe the introduction of mathematical models in the years beginning before World War Two. Both