- Series: Economics, 16th ed
- Hardcover: 824 pages
- Publisher: McGraw-Hill Companies; 16th edition (January 6, 1998)
- Language: English
- ISBN-10: 0070579474
- ISBN-13: 978-0070579477
- Product Dimensions: 10.3 x 8.3 x 1.3 inches
- Shipping Weight: 1.6 pounds
- Average Customer Review: 3.6 out of 5 stars See all reviews (10 customer reviews)
- Amazon Best Sellers Rank: #201,588 in Books (See Top 100 in Books)
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Economics 16th Edition
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Top Customer Reviews
However, times do change so a couple of years ago I decided to get a newer edition, now co-authored by a certain William Nordhaus. What a disappointment. Samuelson's voice seems to have been suppressed to sub-audibility, possibly just due to his age. I felt none of the excitement my older book conveyed, nor got anywhere near the learning. I recommend people to buy the older all-Samuelson versions, they're cheaper anyway, and nothing that fundamental has changed in either micro- or macro-economics theory in the past 50 years. The micro part hasn't changed at all, with Adam Smith, supply and demand curves, and all that. In the macro area, the Fed still prints money by buying up treasurys, etc. etc. Of course, very recent disturbing changes have taken place, such as the Fed (incredibly!!) buying up toxic-mortgage packages, worthless corporate stock, bailing out megalithic monsters like AGI and GM and all those crooked "banks", and so on, but my new version didn't cover that either, or tried to submerge it. It's "supposed" to be "temporary", ha ha. We have allowed deregulation to destroy our economic system and I'm sure Dr. Samuelson would be very unhappy about it (he died at the age of 94 just a couple of years ago).
The book has evolved over the years as the world has significantly changed, so as to deal with the real life issues besetting mankind. Over this period, the book has remained as the standard textbook for teaching elementary economics worldwide. The book is now in its sixteenth edition to reflect its continued popularity and utility.
The book maintains some basic Keynesian and classical economics models and has included later generation economic science concepts including monetarism, rational expectations and supply side economics. The book has kept pace with such diverse subjects as environmental issues, health care issues and opportunity cost of a college education and the latest developments in the information communication technology.
The book is well presented in a logical and easy to read and understand manner.
Most Recent Customer Reviews
Samuelson authored the textbook in my college days. More recently, I found the need for credible reference material. My solution? Get a copy of Samuelson's latest edition!Published 9 months ago by Don K in Alaska
Such enjoyment! I started with Samuelson in 1948 but am delighted to read this edition, even if it is currently " out of date". Read morePublished 22 months ago by aged
The Standard of Economics 101. Easy to read and understand, Samuelson's book has been the basic text for over 50 years, and is updated frequently. Read morePublished on November 29, 2013 by Robert W. Springgate
I used this textbook years ago, more years than I will admit to. But I bought a more recent copy as a refresher. Read morePublished on June 8, 2013 by Larry DeBert