“MIT and the Transformation of American Economics,” edited by E. Roy Weintraub, a supplement to the 2014 volume of History of Political Economy, celebrates the luminary and influential economics department at the Massachusetts Institute of Technology during the second half of the twentieth century.
The MIT economics department, bolstered by an influx of innovative young scholars, was one of the most distinguished research economics departments in North America by the late 1950s. This supplement documents the history of MIT’s rise to prominence and the ways in which that rise coincided with the remarkable transformation of American economics in the postwar period. Topics covered in this supplement include the Keynesian revolution, the emergent technical nature of economics, the Cold War, the international hold of American economics, the GI Bill, and MIT’s openness to Jewish economists. As a result of these factors, MIT’s economics department soon became the most highly regarded in the world.
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