Economics: The Original 1948 Edition - ISBN: 0070747415


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		"The illiterate of the future will not be the person who cannot read. It will be the person who does not know how to learn." - Alvin Toffler

	Economics: The Original 1948 Edition
	by Paul Anthony Anthony Samuelson, Paul Anthony Samuelson (Foreword)

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Product Details

Format: Hardcover, 656 pages

Edition: 50TH ANNIVERSARY

Publisher: McGraw-Hill Professional

ISBN: 0070747415

Release Date: Jan 12, 1997

From The Publisher
Rare is the opportunity to see,much less own,an original. Economics by Paul Samuelson is the classic texbook that gave birth to modern economics,and sold millions of copies in more than 40 languages. Now,in this unique and carefully crafted reproduction edition,Samuelson's original words,text,and layout are recreated from the original classic edition. More than just a historical curiosity,however,this book's power to explain economics to both the expert and the novice shines on every page. As fascinating now as when they were first published in 1948,the wisdom and applicability of Samuelson's words remain vital in today's turbulent economic world.

". . . 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 timelesswisdom 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.

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	Preface	v
	Suggested Outline for a One-Semester Course	xix
Part 1	Basic Economic Concept And National Income
Chapter 1.	Introduction	3
Chapter 2.	Central Problems Of Every Economic Society	12
Chapter 3.	Functioning Of A "Mixed" Capitalistic Enterprise System	34
Chapter 4.	Individual And Family Income	61
Chapter 5.	Individual And Family Income: Earnings In Different Occupations	86
Chapter 6.	Business Organization And Income	108
Chapter 7.	The Economic Role Of Government: Expenditure, Regulation, And Finance	150
Chapter 8.	The Economic Role Of Government: Federal Taxation And Local Finance	168
Chapter 9.	Labor Organization And Problems	185
Chapter 10.	Personal Finance And Social Security	201
Chapter 11.	National Income	225
Part 2	Determination Of National Income And Its Fluctuations
Chapter 12.	Saving And Investment	253
Chapter 13.	Prices, Money, And Interest Rates	280
Chapter 14.	Fundamentals Of The Banking System And Deposit Creation	310
Chapter 15.	Federal Reserve And Central Bank Monetary Policy	337
Chapter 16.	International Finance And Domestic Employment	358
Chapter 17.	The Business Cycle	393
Chapter 18.	Fiscal Policy And Full Employment Without Inflation	409
Part 3	The Composition And Pricing Of National Output
Chapter 19.	Determination Of Price By Supply And Demand	447
Chapter 20.	The Theory Of Consumption And Demand	477
Chapter 21.	Cost And The Equilibrium Of The Firm Under Perfect And Imperfect Competition	491
Chapter 22.	Production Equilibrium Of The Firm And The Problem Of Distribution	518
Chapter 23.	International Trade And The Theory Of Comparative Advantage	538
Chapter 24.	The Economics Of Tariff Protection And Free Trade	559
Chapter 25.	The Dynamics Of Speculation And Risk	570
Chapter 26.	Social Movements And Economic Welfare	584
Chapter 27.	Epilogue	606
	Index	609

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Keywords
Economic History, Economics, History Of Economic Thought, Business / Economics / Finance, Business & Economics, Economics - General, Economics, Economie politique