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Books

New and noteworthy books in economics (October)

Posted by e-axes on September 27, 2017

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The Hegemony of Growth The OECD and the Making of the Economic Growth Paradigm
Author: Matthias Schmelzer – Universität Zürich
In modern society, economic growth is considered to be the primary goal pursued through policymaking. But when and how did this perception become widely adopted among social scientists, politicians and the general public? Focusing on the OECD, one of the least understood international organisations, Schmelzer offers the first transnational study to chart the history of growth discourses. He reveals how the pursuit of GDP growth emerged as a societal goal and the ways in which the methods employed to measure, model and prescribe growth resulted in statistical standards, international policy frameworks and widely accepted norms.
Adam Smith – Systematic Philosopher and Public Thinker
Author: Eric Schliesser – University of Amsterdam
Adam Smith traces the outlines of Smith’s intellectual system and situates it in the context of his highly developed views on the norms that govern responsible speech. In particular, the book articulates Smith’s concerns about the impact of his public policy recommendations, especially on the least powerful in society. In so doing, Schliesser offers new interpretations of Smith’s views on the invisible hand, the Wealth of Nations, his treatment of virtue, the nature of freedom, the individual’s relationship to society, his account of the passions, the moral roles of religion, and his treatment of the role of mathematics in economics.
The Pricing of Progress – Economic Indicators and the Capitalization of American Life
Author: Eli Cook – University of Haifa
How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth. The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life.
Diane Coyle has an interesting review of this book on her blog   The Enlightened Economist
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New and Noteworthy Books in Economics (September)

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