Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948 by Roger E. BackhouseFounder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948 by Roger E. Backhouse

Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948

byRoger E. Backhouse

Hardcover | April 20, 2017

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Paul Samuelson was at the heart of a revolution in economics. He was "the foremost academic economist of the 20th century," according to the New York Times, and the first American to win the Nobel Prize in Economics. His work transformed the field of economics and helped give it thetheoretical and mathematic rigor that increased its influence in business and policy making.In Founder of Modern Economics, Roger E. Backhouse explores the central importance of Samuelson's personality and social networks to understanding his intellectual development. This is the first of two volumes covering Samuelson's extended and productive life and career. This volume surveysSamuelson's early years growing up in the Midwest to his experiences at the University of Chicago and Harvard University, where leading scholars in economics and other disciplines stimulated and rewarded his curiosity. His thinking was influenced by the natural sciences and he understood that acritical, scientific approach increased insights into important social and economic questions. He realized that these questions could not be answered through rhetorical debate but required rigor. His "eureka" moment came, he said, when "a good fairy whispered to me that math was a skeleton key tosolve age old problems in economics."Backhouse traces Samuelson's thinking from his early days to the publication of his groundbreaking book Foundations of Economic Analysis and Economics: An Introductory Analysis, which influenced generations of students. His work set the stage for economics to become a more cohesive and coherentdiscipline, based on mathematical techniques that provided surprising insights into many important topics, from business cycles to wage and unemployment rates, and from how competition influences trade to how tax rates affects tax collection. Founder of Modern Economics is a profound contribution to understanding how modern economics developed and the thinking of a revolutionary thinker.
Roger E. Backhouse is Professor of the History and Philosophy of Economics, at the University of Birmingham.
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Title:Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948Format:HardcoverDimensions:736 pages, 9.25 × 6.12 × 0.98 inPublished:April 20, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190664096

ISBN - 13:9780190664091

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