Explaining economic ideas in the context of our modern lives
11/6/2000
What bearing do the ideas of great economic thinkers have on the circumstances in which ordinary men and women live out their lives? McCarty, professor emeritus of economics at Georgia Tech, tries to answer that question. In The Nobel Laureates, she explains in a nontechnical voice the extraordinary contributions of innovative economists like Paul Samuelson, Harry Markowitz, Robert Merton, Milton Friedman, and William Sharpe. Organized around concepts like economic growth and development, the role of government, and rationalism and individual choice, the book weaves together the story of ideas with the people and historical circumstances that shaped modern economic thought. A readable primer with a practical approach, it puts a heady subject in a modern framework of contemporary economic issues.