Word: warsh
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Economic Principals, a collection of Warsh's regular Sunday newspaper columns of the same name, highlights yet another mark of fine economic journalism: lasting relevancy. Some of the columns reprinted in the book date back more than a decade. But many are at least as interesting today as they were then--detailing debates ranging from Reaganomics to the application of mathematical modeling in the prediction of global economic trends...
...Warsh puts economic history into a larger context of culture and ideas. In one essay, he links the Marxist theory of "Punctuates equilibrium" in economic evolution and Agassiz Professor of Zoology Stephen J. Gould's hotly-debated theory of punctuated equilibrium in evolutionary biology...
...Warsh's telling of economic history is interesting and informative. The technique he uses to best effect is the personalization of the academic--to show the principals behind the principles...
...this introduction, Warsh calls this the "social world of economics," It's world that includes interesting little tidbits perfect for cocktail party conversation--like the fact that John Maynard Keynes, the force behind interventionist government theory, was " a fairly promiscuous, always intense denizen of a hot-house society...
...life is great economics ever relevant? Well, yes and no," Warsh writes. "Certainly not in any everyday sense, but overall, there may be an element of sexual style involved in theory choice...