Every year, the Journal of the History of Ideas awards the Morris D. Forkosch Prize for the best first book in intellectual history. The winner of the 2017 Forkosch Prize has been is Eli Cook, for The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). The judging committee writes:
The 2017 Forkosch Prize for the best first book in intellectual history goes to Eli Cook’s The Pricing of Progress: Economic Indicators and the Capitalization of American Life. As beautifully written as it is thought-provoking, this study illuminates the emergence of the idea that society is something to be invested in, to be capitalized, something, therefore, whose health can be evaluated statistically whether through measures of the cost of alcoholism or of worker productivity. Displaying impressive historical breadth, Cook moves from William Petty’s formative essay “Verbum sapienti and the Value of People” of 1665 to the adoption of the GDP as the standard measure of national health during the Great Depression, bringing to bear a vast range of thinkers—church ministers, business people, economists, politicians, bureaucrats, and social reformers—along the way. Meticulously and innovatively merging the history of economics and economic thought with intellectual and cultural history, The Pricing of Progress is essential reading for anyone interested in the ubiquity of the notions of capitalization and monetization in contemporary American society and politics.
Eli Cook is assistant professor of history at the University of Haifa in Israel. The Pricing of Progress, lauded by reviewers as “groundbreaking” and “boldly original and compelling,” also received the 2018 S-USIH Book Award from the Society for US Intellectual History.
The entire JHIBlog team extends its heartiest congratulations to Prof. Cook and looks forward to learning more about his research.