Economics: The Original 1948 Edition: The Original 1948 Edition

Hardcover | December 1, 1997

byPaul Samuelson

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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.

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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 w...

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 amo...

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 communicat...

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Format:HardcoverDimensions:656 pages, 9.3 × 6.2 × 1.8 inPublished:December 1, 1997Publisher:McGraw-Hill Education

The following ISBNs are associated with this title:

ISBN - 10:0070747415

ISBN - 13:9780070747418

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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.