HeyJaredEconomic Principals
A WEEKLY NEWSLETTER ABOUT ECONOMICS AND POLITICS, FORMERLY A COLUMN OF THE BOSTON GLOBE, INDEPENDENT SINCE 2002 David Warsh, proprietor
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- 12
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- Sep 27, 2026
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- Jul 26, 2026
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Pick-pocketsl! (opens the original)
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Cancelations/refunds cheerfully given. dw Read more
The Road to Structure (opens the original)
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Last week, in Paradigms: The Back Story, EP noted that week Working Knowledge by Joel Isaac, is a very dense book even for an institutional history. Isaac persuades by breadth, depth, archival research, and footnotes. Working Knowledge is not for everyone, but for those seriously interested in the history of science in the twentieth century – of social science, in particular – it is an invaluable guide to the path of one skein.The entire story unfolds at just one institution, in the years betwee
Paradigms: The Back Story (opens the original)
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When “paradigm” was introduced to modern discourse in the Sixties, one expert identified nineteen possible precise meanings of the words. Before that, paradigm was known mostly to grammarians, who used it, as did ancient Greeks, to mean pattern.Today paradigm is employed promiscuously to mean something like “standard,” as in, “we need a new paradigm.” It can be used to describe any kind of change, including, for instance, “we need a new wardrobe.”Yet the beginnings of its modern usage can be tra
Turning the Page (opens the original)
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After thirty weeks of digging into the same topic, Economic Principlas was ready to change the subject. He acted too soon. He began to read a difficult book and couldn’t finish it. Much less was he prepared to write about it.So, the proprietor gave EP a week off (with instructions to finish the book). He remembered what Adam Smith had written in his chapter on the division of labor: “A man commonly saunters a little in turning his hand from one sort of employment to another.”The publisher also r
24. THIRTY YEARS ON (opens the original)
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Wanda Gág’s aphorism can be read two ways: as an expression of resolution, determination to press on, despite spilled milk; or an statement of satisfaction and completion. With respect its history of the Nobel Prize in Economic Sciences, Economic Principals opts for the latter.After discussions with the editor, I have decided to pack in my lengthy history of the awarders, which I have been calling The Spider in the Web, as the prize-awarding body has occasionally referred to itself. It would tak
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