AbstractI studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis. At the same time it offered the hope, as it still does, that improved understanding could better the lot of mankind. For me, growing up in the 1930s, the two motivations powerfully reinforced each other. The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters. The depression also spelled crisis for an economic orthodoxy unable either to explain events or prescribe remedies. The crisis triggered a fertile period of scientific ferment and revolution in economic theory. The excitement reached beginning undergraduate students like myself. In 1936, at the start of my sophomore year, a young tutor at Harvard College, Spencer Pollard, suggested we read together a new book by an English economist, J.M. Keynes, and I was hooked.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Nobel Prize Committee in its series Nobel Prize in Economics documents with number 1981-2.
Length: 1 pages
Date of creation: 1982
Date of revision:
Contact details of provider:
Web page: http://www.nobelprize.org
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann).
If references are entirely missing, you can add them using this form.