by Sylvia Nasar
of 1920s, 293, 296–97
Thackeray, William Makepeace, 73
Think tank, 126–28
Third Man, The (film), 404
Time magazine, 397, 427
Times of London, 44, 45, 47, 50, 53, 70, 119, 252, 258, 260, 307, 356
Tobin, James, 330
Tocqueville, Alexis de, 72, 73
Tourism, 18, 36, 40
Egyptian, 182–83
transatlantic, 74
Toynbee, Arnold, 26, 64, 106, 306
Trade Unions Congress, 432
Treaty of Versailles, 231–32, 254–60
Keynes on, 254–61, 290–91, 344, 357, 395, 406
revision attempts, 259–60
Trevelyan, G M., 122
Trinity College, Cambridge, 447, 453–54
Trollope, Anthony, 73, 96
The Bertrams, 180
The Vicar of Bullhampton, 53–54
The Warden, 54
The Way We Live Now, 159
Truman, Harry, 396, 398, 402, 407, 419, 424
Truman Doctrine, 401
Tuberculosis, 146, 163–64, 206, 211, 253
Tuchman, Barbara, 153
Tugwell, Rexford, 323
Twain, Mark, 188
U
Ulam, Stanislaw, 417
Underconsumption, 324–25
Unemployment, 13, 30, 40, 61, 86, 110–13, 133, 135, 137, 273, 288, 310–11, 347, 356, 363, 379, 388, 392, 416, 417, 419, 423, 438
Fisher on inflation and, 299–302, 320, 321
Great Depression, 307, 309, 310–11, 313, 314, 315, 318, 320, 321, 327, 329, 331, 335
insurance, 137
of 1920s, 285, 286, 292, 293, 294, 296, 300–302, 304–305, 342–43
of 1950s, 428
post–World War I, 213, 225, 264, 285, 286, 292, 293, 294, 300
World War II and, 362–63
Unions, 33, 38, 60, 69–72, 89, 123, 129, 135, 137, 150, 228
1874 farmworkers’ strike, 69–72
of 1920s, 296
Webb on, 126, 130, 132
United Nations, 388, 392, 438
Human Development Index, 458
United States, 7, 33
agriculture, 141, 156, 157, 162, 296, 323, 412
British relations with, 139–41, 259–62
Civil War, 140, 145, 160, 180
Cold War, 389, 396, 402, 419, 424, 428, 444
demobilization, 419–20, 424
Democrats, 157, 323–24
1890s depression, 153–59
1896 presidential election, 156–59, 162
gold standard, 161–63, 325–26
Great Depression, xiv, 257, 262, 306–337, 347, 351, 362, 365, 366, 396–97, 414, 423
Hayek in, 278–79, 399–402
industry, 74, 76, 90, 140–44, 145, 147, 153, 155, 157, 295–97, 315, 361–64, 410–13
Keynesianism and, 358–64
late-nineteenth-century economy, 140–44, 147, 153–70
Lend-Lease and, 359–62
Marshall in, 72–78, 89
Marshall Plan, 407, 424, 434
military, 359, 362, 419–20, 424
monetary debate, 159–63
New Deal, 325, 326, 331, 336, 337, 363, 365, 385, 386, 397, 416, 419
of 1920s, 274, 296–308, 374, 413
1929 stock market crash, 280, 306–308, 312–13, 346
1932 presidential election, 323–25
1944 presidential election, 410
of 1950s, 421–24, 426–31
Panic of 1907, 183–85
Paris Peace Conference, 244–60
post–World War I, 210, 236–38, 244–61, 295–305
post–World War II, 383–89, 395, 402–403, 409–424, 434–36
productivity, 72–76, 89–90, 140–44, 155, 363
Progressive Era economics, 145–70
Republicans, 157
Schumpeter in, 193–94, 274, 334–37
science, 148
society, 74–78, 142–44
-Soviet relations, 400–402, 428
stock market, 151, 185, 304–308
twentieth-century economics, 278–79, 295–308, 311–26, 362–71, 374, 409–424
wages, 141
wartime prosperity, 383–85
Webb in, 139–44
World War I, 203, 295–96, 411, 412
World War II, 354–71, 383–89, 394–95, 410
U.S. Congress, 142, 325, 359, 360, 361, 369, 424
tax legislation, 369–71
U.S. Steel, 143
U.S. Treasury, 359, 363, 368, 369, 397, 415
Keynesianism and, 362–64, 371, 406
University College, 79–80
University of Berlin, 175, 176, 290
University of Bonn, 271, 273
University of Chicago, 315, 317, 349, 364, 365, 379, 403, 408, 414–15, 420, 445
University of Graz, 193, 200, 215, 267
University of Salzburg, 408
University of Vienna, 172, 175, 187, 201, 275–76
University of Wisconsin, 364, 367
University Settlers Association, 51
Urbanization, 165
Utilitarianism, 458
V
Veblen, Thorstein, 149, 261
Victoria, Queen, 26, 34, 102, 111, 188
Vienna, 23, 155, 172–76, 187, 193, 200–202, 205, 261
electrification, 173–74, 213
food shortages, 208–213, 219, 225, 246, 253–54, 264–65
of 1920s, 262–74
1924 stock market crash, 268–69
of 1930s, 332
post–World War I, 207–234, 264–66, 377
rent control, 278, 279
society, 172, 174
World War II, 374–75, 403–405
Viner, Jacob, 415
Voegelin, Erich, 276
Volcker, Paul, 425
Von Neumann, John, 218, 418
Mathematical Foundations of Quantum Mechanics, 417
Theory of Games and Economic Behavior, 418
Voting rights. See Suffrage
W
Wages, xiii, 5, 25–26, 34, 103, 132, 169, 170, 273, 321, 329, 438, 462
American, 141
gap between women’s and men’s, 197
iron law of, 32–33, 34, 71
Malthus on, 4–7, 38
Marshall on, 63–65, 71–72, 80–83, 86–90
Marx on, 36–41
minimum, 130, 132, 135
nineteenth-century British, 21, 25–26, 30, 33, 36–41, 60–61, 63–65, 71–72, 80–83, 86–90
twentieth-century British, 289–90
wages fund theory, 60–62
Wages fund theory, 60–62
Wagner, Richard, 159
Wallace, Alfred Russel, 148
Walras, Leon, 145, 155
Warburg, Max, 247, 258–60
Washington Post, 307, 401
Watt, James, 20
Wavell, Lord, 450
Webb, Beatrice Potter, 92–138, 139–44, 150, 190, 278, 283, 292, 296, 297, 299, 300, 311, 328, 334, 338–40, 435, 443
Chamberlain and, 101–109, 112–13, 118
Churchill and, 129–31
The Decay of Capitalist Civilization, 338
education of, 99, 100
History of Trade Unionism, 129, 130, 132
Industrial Democracy, 130, 132, 135
Keynes and, 290, 340
“A Lady’s View of the Unemployed,” 111
The Minority Report, 134–35, 138, 311
“Pages of a Workgirl’s Diary,” 118
political salon of, 128–29
as social investigator, 100–101, 102, 105, 109–120, 123, 130–38, 169
Soviet Communism: A New Civilization, 340, 378
Soviet Union and, 338–40
Spencer and, 97–99, 100–102, 105–107, 119, 124
suicidal thoughts, 97, 109, 113
United States and, 139–44
Sidney Webb and, 120, 123–38, 139–44
on welf
are state, 131–38, 169
as working girl, 116–18
World War I and, 197, 205, 206
Webb, Sidney, 120–38, 139–44, 190, 197, 283, 299, 300, 311, 338, 443
History of Trade Unionism, 129, 130, 132
Industrial Democracy, 130, 132, 135
Weber, Max, 276
Welfare, 6, 131–38, 149, 378, 383
British, 6, 112–13, 131–38, 333, 420
modern welfare state, 131–38, 169, 457
post–World War I, 227
post–World War II, 420, 454–60
Sen on, 454–60
Webb on, 131–38, 169
Wells, H. G., 126–29, 130, 275, 293, 299
The New Machiavelli, 126, 127, 128
Wemyss, Rosslyn, 250
Westminster Review, 50
Wheeler, Burton, 358
Wheeler, Donald, 444
Whitaker, John, 73
White, Harry Dexter, 318, 363, 368, 369, 391, 393–98, 405, 406, 411, 430
Whitehead, Alfred North, Principia Mathematica, 202
Whittier, John Greenleaf, Snow-Bound, 164
Wieser, Friedrich von, 175, 191, 229, 231, 233, 275
Wilde, Oscar, The Importance of Being Earnest, 240
Wilson, Edwin Bidwell, 416
Wilson, Woodrow, 144, 153, 236, 246, 394
Fourteen Points, 259
Paris Peace Conference, 236–38, 250–54, 259, 261
Wittgenstein, Ludwig, 173, 201–202, 228, 274, 334, 405
Tractatus Logico-Philosophicus, 202, 344, 435
Women, 58, 62–63
American, 77
economists, 66–69, 79–80, 109–138, 347–53, 426–45
education, 62–63, 66–69, 79
labor, 9, 26, 30, 116–20, 296
London season, 91–92
needlewomen, 30–31
property rights, 33, 94
rights, 33, 59
social work, 100–101
suffrage, 98, 119
upper-class British, 91–138
Woodhull, Victoria, 299
Woolf, Leonard, 256, 299
Woolf, Virginia, 56, 60, 205–206, 241, 287, 299, 316
Mrs. Dalloway, 206
To the Lighthouse, 206
The Voyage Out, 205–206
Working class, 15–18
British, 15–18, 27, 29, 41, 57–62, 63, 87–88, 90, 106, 108, 129–31
German, 214
World Bank, 390, 402, 434
World War I, xiv, 197–206, 242–44, 274–75, 295, 358, 378, 411, 412
aftermath of, 207–234, 235–61, 387
armistice, 207, 235, 246, 394
casualties, 205
debts, 210, 219–22, 228, 230, 244, 245, 259, 281, 320, 322, 356, 359
economic impact of, 205–206, 207–234, 235–61, 285–86, 367, 387
Paris Peace Conference, 231–32, 236–38, 245–61
reparations, 231, 244–61, 281, 290, 407
Treaty of Versailles, 231–32, 254–61, 290–91, 344, 357, 395
veterans, 331
World War II, xiv, 126, 354–71, 383–89, 438, 440, 449, 462
debts, 387, 393
economic impact of, 354–71, 374–79, 383–89, 397
end of, 394, 396, 400–402, 410
Friedman and, 367–71
Hayek and, 354–55, 372, 374–79, 386
Keynesianism and, 354–64, 371, 372, 405–407, 411
Lend-Lease, 359–62
reparations, 405–408
Schumpeter and, 372–74
WPA, 331
Y
Yale University, 144, 156, 326, 364, 421
Fisher at, 145, 147–53, 158
Yalta conference (1945), 398, 400, 403
“The Yellow Book,” 293
Young Hegelians, 17
Z
Zweig, Stefan, 211
“The Invisible Collection,” 264
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The Library of Congress has cataloged the hardcover edition as follows:
Nasar, Sylvia.
Grand pursuit : the story of economic genius / Sylvia Nasar.
p. cm.
Includes bibliographical references and index.
1. Economics—History. 2. Economists. 3. Economic history. I. Title.
HB75.N347 2011
330.15092’2-dc 232011024751
ISBN 978-0-684-87298-8
ISBN 978-0-684-87299-5 (pbk)
ISBN 978-1-4391-9861-2 (ebook)
The photo credits appear on pages 556–57.