Mata, Tiago; (2011) Trust in independence: The identities of economists in business magazines, 1945–1970. Journal of the History of the Behavioral Sciences , 47 (4) pp. 359-379. 10.1002/jhbs.20516.

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Abstract

The award in 1969 of the first Nobel Prize for Economics made headlines. The Washington Post quoted praise for the Nobel Committee's choice as “an excellent start, and apparently means that the committee will look primarily for scientific contributions to economics.” A New York Times editorial explained that economics in the twentieth century had joined “the mainstream of science and mathematics” and that it “acquired a structure and rigor that makes it an increasingly powerful tool in affairs of government and business.” The two prestigious newspapers accepted that economics was worthy of Nobel honors alongside medicine, physics, and chemistry.11 Economists' ascent to the summit of policymaking has been extensively chronicled (Bernstein, 2001; Barber, 1996; Goodwin, 1975), and there is a growing literature on how economists and their ideas were instrumental for the success of conservative political movements (e.g., Amadae, 2003; Mirowski & Plehwe, 2009). These studies have examined the growing authority of economics from the perspectives of academia, the national state, and political movements. Few studies have examined how changes in the status of economics might be traced to the practices of economic journalism in postwar United States.

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