IDEAS home Printed from
   My bibliography  Save this article

Walter Lippmann: The Making of a Public Economist


  • Craufurd Goodwin


Walter Lippmann was the most respected American journalist of the twentieth century. During the Great Depression and World War II he devoted most of his thrice-weekly columns in the New York Herald Tribune to exploring the causes of recession and the economics of war. He was a student of George Santayana and William James, as well as of Frank Taussig and Thomas Nixon Carver at Harvard, and his heart was in literature and the arts as much as in the social sciences and current events. He spanned the academic world, where he made distinguished contributions, publishing a book on public opinion, serving in government where he was involved at the highest levels, and working in the private sector in which he had close friends. He adopted the macroeconomics of his close friend John Maynard Keynes, and he became best known for his warning against the dangers in the spread of monopoly and economic planning in The Good Society.

Suggested Citation

  • Craufurd Goodwin, 2013. "Walter Lippmann: The Making of a Public Economist," History of Political Economy, Duke University Press, vol. 45(5), pages 92-113, Supplemen.
  • Handle: RePEc:hop:hopeec:v:45:y:2013:i:5:p:92-113

    Download full text from publisher

    File URL:
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. A. Fostel & H. Scarf & M. Todd, 2004. "Two new proofs of Afriat’s theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 211-219.
    2. Faruk Gul & Wolfgang Pesendorfer, 2005. "The Case for Mindless Economics," Levine's Working Paper Archive 784828000000000581, David K. Levine.
    3. Ivan Moscati & Paola Tubaro, 2011. "Becker random behavior and the as-if defense of rational choice theory in demand analysis," Post-Print hal-01371313, HAL.
    4. Gross, John, 1995. "Testing Data for Consistency with Revealed Preference," The Review of Economics and Statistics, MIT Press, pages 701-710.
    5. Rosenberg, Alexander, 1992. "Economics--Mathematical Politics or Science of Diminishing Returns?," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226727233.
    6. Hurwicz, Leonid & Richter, Marcel K., 1979. "An integrability condition with applications to utility theory and thermodynamics," Journal of Mathematical Economics, Elsevier, vol. 6(1), pages 7-14, March.
    7. D. Wade Hands, 2011. "Back To The Ordinalist Revolution: Behavioral Economic Concerns In Early Modern Consumer Choice Theory," Metroeconomica, Wiley Blackwell, vol. 62(2), pages 386-410, May.
    8. D. Wade Hands, 2006. "Integrability, Rationalizability, and Path-Dependency in the History of Demand Theory," History of Political Economy, Duke University Press, pages 153-185.
    9. Paul A. Samuelson, 1998. "How Foundations Came to Be," Journal of Economic Literature, American Economic Association, pages 1375-1386.
    10. Nicholas Georgescu-Roegen, 1954. "Choice, Expectations and Measurability," The Quarterly Journal of Economics, Oxford University Press, vol. 68(4), pages 503-534.
    11. Taradas Bandyopadhyay & Indraneel Dasgupta & Prasanta Pattanaik, 2004. "A general revealed preference theorem for stochastic demand behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 589-599.
    12. Paul A. Samuelson, 1938. "The Numerical Representation of Ordered Classifications and the Concept of Utility," Review of Economic Studies, Oxford University Press, vol. 6(1), pages 65-70.
    13. Ivan Moscati & Paola Tubaro, 2011. "Becker random behavior and the as-if defense of rational choice theory in demand analysis," Journal of Economic Methodology, Taylor & Francis Journals, pages 107-128.
    14. Ivan Moscati, 2007. "Early Experiments in Consumer Demand Theory: 1930-1970," History of Political Economy, Duke University Press, pages 359-401.
    15. W. E. Diewert, 1973. "Afriat and Revealed Preference Theory," Review of Economic Studies, Oxford University Press, vol. 40(3), pages 419-425.
    16. Samuelson, Paul A, 1972. "Maximum Principles in Analytical Economics," American Economic Review, American Economic Association, pages 249-262.
    17. D. Wade Hands, 2009. "Effective Tension in Robbins' Economic Methodology," Economica, London School of Economics and Political Science, vol. 76(s1), pages 831-844, October.
    Full references (including those not matched with items on IDEAS)


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hop:hopeec:v:45:y:2013:i:5:p:92-113. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Center for the History of Political Economy Webmaster). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.