
A Perilous Progress: Economists and Public Purpose in Twentieth-Century America
By Michael A. Bernstein (NHC Fellow, 1989–90) The economics profession in twentieth-century America began as a humble quest to understand the “wealth of nations.” It grew into a profession of immense public prestige — and now suffers a strangely withered public purpose. Michael Bernstein portrays a profession that has ended up repudiating the state that nurtured it, … Continued