Book cover of Conversations With Economists: New Classical Economists and Opponents Speak Out on the Current Controversy in Macroeconomics

Book description

A collection of interviews with 11 of the nation's leading economic theorists providing an introduction to current issues in economic theory and to the ways in which economists think.

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Why read it?

1 author picked Conversations With Economists as one of their favorite books. Why do they recommend it?

I am an academic economist, but even more interested in intellectual debates. I discovered this book when I was a PhD student, and it has remained a favorite of mine.

In the 1970s, macroeconomics (not my field) underwent a revolution. The old guard was “Keynesian,” the new Turks were “new classical”. This book is a series of conversations from the early 1980s with the protagonists of this epic period, many future Nobel laureates.

The interviewer, Arjo Klamer, was interested in the rhetoric and culture of economics, and he constructed the interviews in a way that nicely brought out these elements.…

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The lamps must be lit, or the stars die. The clocks must be wound, or Time ceases. The Balance between Order and Chaos must be preserved, or Existence crumbles.

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