The New Economics: Keynes’ Influence on Theory and Public Policy.

SAMUELSON, Paul A.]; Edited by Seymour Harris.

Item Number: 963

London: Dobson, 1947.

First edition. Octavo, original blue cloth. Very good in a very good dust jacket. Signed by economist Paul Samuelson, who contributed an essay to this volume, entitled “General Theory.” Other contributors include John Maynard Keynes, Wassily Leontief, Lloyd Metzler, Joseph Schumpeter and James Tobin. A very nice volume dedicated to the work and influence of Lord Keynes.

Paul Samuelson is one of the developers of both neo-Keynesian and neoclassical economics, the latter of which still dominates mainstream economics. He was awarded the Nobel Memorial Prize in Economic Sciences in 1970. One of Samuelson's many novel contributions was that he generalized and applied mathematical methods developed for the study of thermodynamics to the field of economics. His inspiration for doing so came, in part, from his mentor, polymath Edwin Bisdwell Wilson who was a former Yale student of the founder of chemical thermodynamics, Willard Gibbs. Samuelson, therefore, is a successful example of interdisciplinarity, and he combined these ideas in his magnum opus Foundations of Economic Analysis.