Political Arithmetic

Robert William Fogel; Enid M. Fogel; Mark Guglielmo; Nathaniel Grotte — Mon, 15 Apr 2013 05:00:00 GMT

We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy.

With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making.

The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.

Statesmanship and Party Government

Harvey C. Mansfield — Mon, 18 Feb 2013 06:00:00 GMT

In this incisive look at early modern views of party politics, Harvey C. Mansfield examines the pamphlet war between Edmund Burke and the followers of Henry St. John, First Viscount Bolingbroke during the mid-eighteenth century. In response to works by Bolingbroke published posthumously, Burke created his most eloquent advocacy of the party system. Taking an interdisciplinary approach to the material, Mansfield shows that present-day parties must be understood in the light of the history of party government. The complicated organization and the public actions of modern parties are the result, he contends, and not the cause of a great change in opinion about parties.

Mansfield points out that while parties have always existed, the party government that we know today is possible only because parties are now considered respectable. In Burke’s day, however, they were thought by detractors to be a cancer in a free polity. Even many supporters of the parties viewed them as a dangerous instrument, only to be used cautiously by statesmen in dire times. Burke, however, was an early champion of the party system in Britain and made his arguments with a clear-eyed realism. In Statesmanship and Party Government, Mansfield provides a skillful evaluation of Burke’s writings and sheds light present-day party politics through a profound understanding of the historical background of the their inception.

University of Chicago Press: New Titles in Political Science: Comparative Politics

Political Arithmetic

Statesmanship and Party Government