Do you know that Karl Marx, who despised the capitalist class, was actually raised in an upper-middle-class family? And that the distinguished economist John Maynard Keynes scored poorly in economics in the civil service examination - which he attributed to the examiner's lack of knowledge of the
subject?
Vinay Bharat-Ram, in this delightful and breezy read, offers revealing glimpses into the lives and social circumstances of some of the most influential economic thinkers who have determined the way we understand economics today. Brimming with fascinating nuggets from their lives,
this book journeys from Adam Smith's free-market capitalism to Amartya Sen's welfare economics and beyond, demystifying several momentous economic developments along the way. It explains how the social conditions and unique circumstances of these philosophers shaped their sometimes rich and
sometimes absurd ideas that eventually formed the foundation of modern economics.
Giving a wide berth to the much-dreaded buzzwords that have long hindered an easy understanding of economics, this concise book, laced with warm humour, casts light on ideas that have held generations of
economists in thrall.
Preface
Acknowledgements
The Great Optimist
The Pessimists
The Angry Genius
The Marginalists
The Transition from Political Economy to Economics
The Trajectory of Partial Equilibrium Analysis
Entrepreneurship and Innovation
Money Matters
The
Saviour of Capitalism
The Keynesians
The Duel Begins
Mont Pèlerin
The Great Monetarist
The Development Economist
The Guru of International Trade
Conscience of the Economics Profession
Reality versus Theory
Bibliography
About the Author
There are no Instructor/Student Resources available at this time.
Vinay Bharat-Ram is the chairman of DCM Limited, the chairperson of the Population Foundation of India, and life trustee of the Institute of Economic Growth, University of Delhi. Educated at the universities of Delhi (St. Stephens College), Michigan, and Harvard, he holds a PhD in economics
from the University of Delhi.
Making Sense - Margot Northey and Joan McKibbin
