From the Publisher
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
From the Back Cover
``. . .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.