First Edition of The New Economics: Keynes' Influence on Theory and Public Policy; Signed by Nobel Prize-Winning Economists Paul Samuelson and James Tobin

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

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

$1,500.00

Item Number: 15058

New York: Alfred A. Knopf, 1947.

First edition. Octavo, original blue cloth. Fine in a very good dust jacket with some rubbing to the extremities. Signed by economists Paul Samuelson and James Tobin, who contributed essays to this volume. Other contributors include John Maynard Keynes, Wassily Leontief, Lloyd Metzler, Gottfried Haberler, Wassily Leontief, Abba Lerner, Joan Robinson, Joseph A. Schumpeter and Jan Tinbergen among others. 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.

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