Speaking in Tongues
Our economic vernacular
• Author(s): Peter J. Dougherty
• Published: March 2003
• Pages in paper: 8
Abstract
Over the past half century, a global economic language—a vernacular—has
emerged. This vernacular, like any such language, has formed the foundation of
much of contemporary economic culture across nations, and has facilitated
communication on economics around the world. Two books have served as
particularly rich sources of this economic vernacular, Paul Samuelson’s Economics
(now with William Nordhaus), originally published in 1948, and Robert
Heilbroner’s The Worldly Philosophers, first appearing in 1953. Peter J. Dougherty
traces the history of these two modern classics and their influence—the former
on scientific understanding, the latter on critical perspective—on the millions of
students who passed through economic principles courses in the generations
since the post-war publication of these books.
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