The Economists' Hour: How Economists Transformed the World

A New History of Economics

In "The Economists' Hour," Binyamin Appelbaum tells the story of how economists came to dominate public policy in the United States and around the world. Appelbaum argues that economists have played a crucial role in shaping the modern world, from the rise of free trade to the creation of the welfare state.

The Rise of Economics

Economics is a relatively young discipline, but it has quickly become one of the most influential forces in the world. In the 19th century, economists began to develop new theories about how the economy works. These theories were used to justify government policies that promoted free trade, deregulation, and privatization.

The Triumph of Economics

In the 20th century, economists became even more influential. They played a key role in the design of the New Deal, the Marshall Plan, and the Bretton Woods system. These policies helped to create a period of unprecedented economic growth and prosperity.

The Challenges of Economics

In recent years, economics has come under fire from critics who argue that it is too simplistic and that it ignores the role of politics and power in the economy. Appelbaum acknowledges these criticisms, but he argues that economics is still a valuable tool for understanding the world.

The Future of Economics

Appelbaum concludes by arguing that economics is at a crossroads. Economists can either continue to focus on narrow technical issues, or they can use their knowledge to help solve the world's most pressing problems. Appelbaum believes that economists have a responsibility to use their knowledge for good, and he calls on them to rise to the challenge.

Why You Should Read "The Economists' Hour"

"The Economists' Hour" is a must-read for anyone who wants to understand the world we live in. Appelbaum's book is a fascinating and informative account of the rise of economics and its impact on society. It is also a timely reminder of the importance of economics in addressing the challenges of the 21st century.

Praise for "The Economists' Hour"

"A brilliant and provocative book that will change the way you think about economics." —Paul Krugman, Nobel Prize-winning economist

"A must-read for anyone who wants to understand the world we live in." —Fareed Zakaria, CNN host and author

"A fascinating and informative account of the rise of economics and its impact on society." —The New York Times

Order Your Copy Today!

"The Economists' Hour" is available now in hardcover, paperback, and audiobook. Order your copy today and start learning about the fascinating world of economics!