ISBN-10: 0073344230

ISBN-13: 9780073344232

Edition: 19th 2010

List price: $248.67
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Book details

List price: $248.67
Edition: 19th
Copyright year: 2010
Publisher: McGraw-Hill Higher Education
Publication date: 4/10/2009
Binding: Paperback
Pages: 448
Size: 8.00" wide x 9.75" long x 0.50" tall
Weight: 1.936
Language: English

Paul Samuelson was the first American recipient of the Nobel Prize in economics. Born in Indiana, he did his undergraduate work at the University of Chicago and earned a Ph.D. at Harvard University, where he studied with Alvin Hansen. He taught for several decades at M.I.T. Samuelson's first major work was Foundations of Economic Analysis (1947), a mathematical treatment of economic theory and principles. Later he made extensive contributions to professional journals in virtually all areas of economic theory. Often he would be the first to offer a mathematical proof of a proposition when most other economists could sense it only intuitively. In 1948 he published the first edition of Economics, one of the most successful and influential college texts of our time. It provided an extremely comprehensive treatment of Keynesian economics and microeconomic principles, and played an important part in educating a generation of economists. Despite Samuelson's role in providing mathematical refinements for economic theory, he has always maintained a public posture, welcoming opportunities to share his views. He was an economic adviser to President John F. Kennedy and wrote a popular column for Newsweek from 1966 to 1981. He has generally favored an interventionist approach in policy matters, especially when it has involved using the tax system to battle poverty, fight inflation, or balance the budget. One of the world's most respected economists, Samuelson is responsible for rewriting considerable parts of economic theory. He has, in several areas, achieved results that rank among the classic theorems in economics.

William C. Brainard is Professor of Economics at Yale University.William D. Nordhaus is Sterling Professor of Economics at Yale University.

Basic Concepts
The Central Concepts of Economics
The Modern Mixed Economy
Basic Elements of Supply and Demand
Microeconomics: Supply, Demand, And Product Markets
Supply and Demand: Elasticity and Applications
Demand and Consumer Behavior
Production and Business Organization
Analysis of Costs
Analysis of Perfectly Competitive Markets
Imperfect Competition and Monopoly
Competition Among the Few
Economics of Uncertainty
Factor Markets: Labor, Land, And Capital
How Markets Determine Incomes
The Labor Market
Land, Natural Resources, and the Environment
Capital, Interest, and Profits
Applications Of Economic Principles
Government Taxation and Expenditure
Efficiency vs. Equality: The Big Tradeoff
International Trade
Macroeconomics: Economic Growth And Business Cycles
Overview of Macroeconomics
Measuring Economic Activity
Consumption and Investment
Business Cycles and Aggregate Demand
Money and Financial Markets
Monetary Policy and the Economy
Growth, Development, And The Global Economy
Economic Growth
The Challenge of Economic Development
Exchange Rates and the International Financial System
Open-Economy Macroeconomics
Unemployment, Inflation, And Economic Policy
Unemployment and the Foundations of Aggregate Supply
The Frontiers of Macroeconomics
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