Economics: The Original 1948 Edition: The Original 1948 Edition

by Paul Samuelson

McGraw-Hill Education | December 1, 1997 | Hardcover

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A rare reproduction of Nobel Prize Winner Paul Samuelson''s original 1948 Classic economics textbook. For 50 years, Samuelson''s Economics has been the standard-bearer for the field. Now in it''s 16th edition, Samuelson is probably the most successful economics book ever published. The book has sold several million copies throughout the world, and has also been translated into more than 40 languages. The reproduction is far more than just a historical curiosity and an interesting object; it contains the original words of arguably the most influential and most widely read textbook economics author of the 20th century. This 1948 edition represents the orignal spark that ignited the Samuelson revolution--a movement which has endured for half a century, and influenced millions of young minds in hundreds of the world''s best learning institution.

Format: Hardcover

Dimensions: 656 pages, 9.3 × 6.2 × 1.8 in

Published: December 1, 1997

Publisher: McGraw-Hill Education

The following ISBNs are associated with this title:

ISBN - 10: 0070747415

ISBN - 13: 9780070747418

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– More About This Product –

Economics: The Original 1948 Edition: The Original 1948 Edition

by Paul Samuelson

Format: Hardcover

Dimensions: 656 pages, 9.3 × 6.2 × 1.8 in

Published: December 1, 1997

Publisher: McGraw-Hill Education

The following ISBNs are associated with this title:

ISBN - 10: 0070747415

ISBN - 13: 9780070747418

Table of Contents

Part I: Basic Economic Concept and National Income.Introduction.Central Problems of Every Economic Society.Functioning of a ``Mixed'''' Capitalistic Enterprise System.Individual and Family Income.Individual and Family Income: Earnings in Different Occupations.Business Organization and Income.The Economic Role of Government: Expenditure, Regulation, and Finance.The Economic Role of Government: Federal Taxation and Local Finance.Labor Organization and Problems.Personal Finance and Social Security.National Income.Part II: Determination of National Income and Its Fluctuations.Saving and Investment.Prices, Money, and Interest Rates.Fundamentals of the Banking System and Deposit Creation.Federal Reserve and Central Bank Monetary Policy.International Finance and Domestic Employment.The Business Cycle.Fiscal Policy and Full Employment Without inflation.Part III: The Composition and Pricing of National Output.Determination of Price by Supply and Demand.The Theory of Consumption and Demand.Cost and the Equilibrium of the Firm Under Perfect and Imperfect Competition.Production Equilibrium of the Firm and the Problem of Distribution.International Trade and the Theory of Comparative Advantage.The Economics of Tariff Protection and Free Trade.The Dynamics of Speculation and Risk.Social Movements and Economic Welfare.

From the Publisher

A rare reproduction of Nobel Prize Winner Paul Samuelson''s original 1948 Classic economics textbook. For 50 years, Samuelson''s Economics has been the standard-bearer for the field. Now in it''s 16th edition, Samuelson is probably the most successful economics book ever published. The book has sold several million copies throughout the world, and has also been translated into more than 40 languages. The reproduction is far more than just a historical curiosity and an interesting object; it contains the original words of arguably the most influential and most widely read textbook economics author of the 20th century. This 1948 edition represents the orignal spark that ignited the Samuelson revolution--a movement which has endured for half a century, and influenced millions of young minds in hundreds of the world''s best learning institution.

From the Jacket

``. . .it has been a pleasant surprise to discover how much of the original verve and relevance is still there. That is the only kind of immortality that an author could have or want.''''--Paul A. Samuelson From the FOREWORD. On a short list of textbooks that could truly be called immortal, Economics by Porfessor Paul A. Samuelson is among the most celebrated. Since 1948, Professor Samuelson''s landmark work has been translated into more than 40 languages, analyzed and debated by millions of economics students, and honored by the great John Kenneth Galbraith. Its fundamental impact on the opinions and approaches of today''s most influential economists is extraordinary. Now, McGraw-Hill is proud to make available this meticulously detailed reproduction of the watershed economics textbook. In Economics: The Original 1948 Edition (in which every word, idea, phrase, even the typestyle remain unchanged from the original), professor Samuelson''s work remains as viable and thought-provoking as it was a half-century ago. The timeless wisdom applicability of his words still ring true in today''s turbulent economic world. This unique and carefully crafted reprodctuion edition represents the original spark that ignited the Samuelson revolution--a movement that has endured for half a century. Doubly valuable for both its rich history and its still-fresh ideas, and with a new foreword by the author for this edition only, Professor Samuelson''s Economics: The Original 1948 Edition will be an honored addition to every business and economics library.

About the Author

Professor Paul A. Samuelson, founder of the renowned MIT graduate department of economics, was trained at the University of Chicago and Harvard. His many scientific writings brought him world fame at a young age, and in 1970 he was the first American to receive a Nobel Prize in economics. One of those rare scientists who can communicate with the lay public, Professor Samuelson wrote an economics column for Newsweek for many years. He testifies often before Congress, serves as academic consultant to the Federal Reserve, the U.S. Treasury, and various private, nonprofit organizations, and was economic advisor to American presidents including John F. Kennedy
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