Peter J. Dougherty
The World Economy
Over the past half century, a global economic languageâ€”a vernacularâ€”has emerged. This vernacular, like any such language, has formed the foundation of much of contemporary economic culture across nations, and has facilitated communication on economics around the world. Two books have served as particularly rich sources of this economic vernacular, Paul Samuelsonâ€™s Economics (now with William Nordhaus), originally published in 1948, and Robert Heilbronerâ€™s The Worldly Philosophers, first appearing in 1953. Peter J. Dougherty traces the history of these two modern classics and their influenceâ€”the former on scientific understanding, the latter on critical perspectiveâ€”on the millions of students who passed through economic principles courses in the generations since the post-war publication of these books.