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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It was ekonomiee published inand has appeared in nineteen different editions, the most recent in Economics was written entirely by Samuelson until the twelfth edition.
Newer editions have been revised by Nordhaus. 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.
Economics coined the term ” neoclassical synthesis ” and popularized the concept,  bringing a mix samkelson neoclassical economics and Keynesian economics and helping make this the leading school in mainstream economics in the United States and globally in the second half of the 20th century. It popularized the term paradox of thriftand attributed the eekonomie to Keynes, though Keynes himself attributed it to earlier authors, and forms of the concept date to antiquity.
The text introduced a “family tree of economics”, which by the 20th century consisted of only two groupings, “socialism,” listing Marx and Leninand the “neo-classical synthesis,” listing Marshall and Keynes. This paralleled the then-extant Cold War economies of Soviet communism and American capitalism.
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. Later editions provided expanded coverage of other schools, such as the Austrian schoolInstitutionalismand Marxian economics.
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. Nonetheless, Economics proved successful and remained widely adopted.
Economics (textbook) – Wikipedia
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. From Wikipedia, the free encyclopedia.
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