David Saul Landes
David Saul Landes was among the finest economic historians of his age. He tackled the most important subject of his field: why some nations are poor whereas others are rich. His many volumes and papers, taken as a whole, form an ever-widening arc, from the specific to the general, from the national to the global. Toward the end of his career he returned to the specific, bringing the arc full circle. Interweaving the grand sweep of his work is the Landes notion that cultural distinctions temper economic and technical changes.
The scholarly work begins with a 1949 article on the entrepreneur and the French economy. Why French firms were smaller, more family-oriented, and less capitalized than the British, German, and American was, to Landes, due to the longer history of aristocracy in France. “Ideas once formed are as powerful as the strongest material forces.” He spent parts of the next decade on Bankers and Pashas (1958), his Ph.D. dissertation and first book, a story of international finance between French bankers and the Egyptian government during the 1860s. International finance allowed the Egyptian economy to ride high on the economic wave from the cotton famine induced by the American Civil War. But Landes’s account is less a tale of the cold calculus of French bankers than it is of personalities and greed. The carnival of credit that ensued would have been hilarious if not for the history of economic pain and bitterness that followed. The work, which began as part of Landes’s quest to understand the entrepreneur in French economic development, expanded the intellectual arc that is his legacy.