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Samuelson’s Tavern, Solow Speaking: How MIT Transformed Economics

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Posted in History of economics Tagged with: , , , ,

As something of beat reporter, I have half a dozen good stories about economics at the Massachusetts Institute of Technology in various stages of preparation. So what to make of a recent book, MIT and the Transformation of American Economics (Duke, 2014). I love it, naturally. Not only does it contribute fundamentally to our knowledge of how Paul Samuelson and Robert Solow at MIT more or less invented the field we call macroeconomics and came to dominate the field for a time, but it illuminates the difference between history and journalism. Transformation is the hardbound annual supplement to the journal