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Political Arithmetic
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Political Arithmetic: Simon Kuznets and the Empirical Tradition in Economics

Robert William Fogel, Enid M. Fogel, Mark Guglielmo, and Nathaniel Grotte

Abstract

We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn't the case—economists simply did not have the necessary information or statistical tools to understand the ever more complicated modern economy. This book tells the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves tog ... More

Keywords: Simon Kuznets, GNP, National Bureau of Economic Research, Herbert Hoover, business cycles, Great Depression, President Harding

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780226256610
Published to Chicago Scholarship Online: January 2014 DOI:10.7208/chicago/9780226020723.001.0001

Authors

Affiliations are at time of print publication.

Robert William Fogel, author

Enid M. Fogel, author

Mark Guglielmo, author

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