In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is really an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but...

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...

Using data on 2.5 million great-grandchildren linked to their great-grandfathers in the US (1850-1940), we show that economic gaps persisted strongly across four generations despite major structural change. We find that one-third of the initial differences in economic status across white...

Early twentieth century efforts to overhaul the quality of medical education in the United States (principally between 1905 and 1915 - the "Flexner Report Era") led to a steep decline in the number of medical schools and medical school graduates. In this paper, we examine the consequences of...

In the early 1940s, Japanese American farmers represented a highly skilled segment of the agricultural workforce in the Western United States, characterized by higher education levels and more specialized farming expertise than U.S.-born farmers. During World War II, around 110,000 Japanese...

This chapter explores the impacts of migrants on the culture of their destinations. Migrants often assimilate to local social norms and practices, but they also tend to maintain their own culture. Sometimes, beyond preserving their culture, they influence their new neighbors. We propose a...

Election results act as powerful signals, shaping social behavior in ways that can be dramatic and even violent. This paper shows how racial violence in the post-Reconstruction U.S. South was tied to the local performance of the anti-Black Democratic Party in presidential elections. Using a...

We shed new light on historical black-white disparities in wealth and economic mobility by examining datasets of linked census records. First, we compare black and white men's intra- and inter-generational mobility into property ownership between 1870, the first census taken after the Civil War,...

This study reviews the culture and institutions of Confucianism and explores their implications for the trajectory of China's historical development. We trace the origins and evolution of the core elements of Confucianism and synthesize research on its relationship to clan culture, state...