Oxford University Press's
Academic Insights for the Thinking World

  • Author: Roger E. Backhouse

Paul A. Samuelson and the evolution of modern economics

For thirty years after the Second World War, the teaching of introductory economics in the US was dominated by a single textbook, initially titled Economics: An Introductory Analysis, later shortened to just Economics. When the first edition appeared in 1948, its author, Paul Samuelson, was only 33 years old. The book provided an account of what had rapidly become the accepted way of thinking about problems of unemployment.

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