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A New Magnifier

Kenneth Arrow stays under the radar

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Posted in 2007-08 Financial Crisis, History of economics Tagged with: , , ,

Two volumes of Paul Samuelson’s Collected Scientific Papers appeared in 1966, 129 articles, 1,831 pages, published by the MIT Press. Samuelson was only fifty-one. To some it might have seemed premature, but then some part of the point must have been shock and awe: to demonstrate how far economists had come since Harvard had destroyed the plates of Foundations of Economic Analysis. The economist to whom the Journal of Political Economy, the University of Chicago’s flagship journal, turned to review the volumes was Kenneth Arrow, of Stanford University. He was not an obvious choice.  He had been associated with the