Economics is an introductory textbook by American economists Paul Samuelson and William Nordhaus. It was first published in , and has appeared in. Economics [Paul A Samuelson, William D Nordhaus] on *FREE* shipping on qualifying offers. Samuelson’s text was first published in , and it . PAUL A. SAMUELSON. Institute Professor Emeritus. Massachusetts Institute of Technology. WILLIAM D. NORDHAUS. Sterling Professor of Economics.
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Economics (textbook) – Wikipedia
This page was last edited on 18 Januaryat It was first published inand has appeared in nineteen different editions, the most recent in Retrieved from ” https: Views Read Edit View history. The text introduced a “family tree of economics”, which by the 20th century consisted of only two groupings, “socialism,” listing Marx and Leninand the eionomie synthesis,” listing Marshall and Keynes.
Books with missing cover. It popularized the term paradox of thriftand attributed the concept to Keynes, though Keynes himself attributed it to earlier authors, and forms of the concept date to antiquity. Like Tarshis’s work, Economics was attacked by American conservatives as part of the Second Red Scareor McCarthyismuniversities that adopted it were subject to “conservative business pressuring”, and Samuelson was accused of Communism.
From Wikipedia, the free encyclopedia. Wikiquote has quotations related to: Economics has been called a “canonical textbook”, and the development of mainstream economic thought has been traced by comparing the fourteen editions under Samuelson’s editing.
Nonetheless, Economics proved successful and remained widely adopted.
This advanced a simplified view of the vying schools of economic thoughtsubsuming schools which considered themselves distinct, and today many within and without economics equate “economics” with “neo-classical economics”, following Samuelson. The success of Samuelson’s text, compared with Tarshis’s, which was subject to more “virulen[t]” attacks, is attributed to various factors, notably Samuelson’s dispassionate, scientific style, in contrast to Tarshis’s more engaged style, and subsequent texts have followed Samuelson’s style.
Newer samueson have been revised by Nordhaus. Economics was written entirely by Samuelson until the twelfth edition.
This paralleled the then-extant Cold War economies of Soviet communism and American capitalism.