Abstract
After 1945, American economics was transformed as radically as in the previous half century. Economists’ involvement in the war effort compounded changes that originated in the 1930s to produce profound effects on the profession, and many of these were continued through institutions that developed during the Cold War. This article traces the way the institutions of the profession interacted with the content of economics to produce the technical economics centred on a core of economic theory and econometric methods that dominate it today. Attention is also drawn to the broader role of American profession in economics outside the United States.
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Backhouse, R.E. (2018). United States, Economics in (1945 to Present). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2502
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2502
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