Over the course of the twentieth century, professional economists
have become a feature in the policymaking process and have slowly
changed the way we think about work, governance, and economic
justice. However, they have also been a frustrating, paradoxical,
and in recent years, controversial fixture in American public life.
This book focuses on the emergence and growth of professional
economics in the U.S., examining the challenges early professional
economists faced, which foreshadowed obstacles throughout the
twentieth century. From the founding of the American Economic
Association in 1885 to the depths of the Great Depression, this
volume illustrates why some of the most optimistic and capable
economic minds struggled to help smooth economic transitions and
tame market fluctuations. Drawing on archival research and
secondary sources, the text explores the emergence of professional
economics in the United States and explains how economists came to
be 'irrelevant geniuses'. This book is well suited for those who
study and are interested in American history, the history of
economic thought and policy history.
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