Economics: The Original 1948 Edition / Edition 1

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Overview

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.
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Product Details

  • ISBN-13: 9780070747418
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 12/1/1997
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 656
  • Product dimensions: 6.20 (w) x 9.30 (h) x 1.80 (d)

Meet the Author

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
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Table of Contents

Part I: Basic Economic Concept and National Income.Introduction.Central Problems of Every Economic Society.Functioning of a &'grave;Mixed'' Capitalistic Enterprise System.Individual and Family Income.Individual and Family Income: Earnings in Different Occupations.Business Organization and Income.The Economic Role of Government: Expenditure, Regulation, and Finance.The Economic Role of Government: Federal Taxation and Local Finance.Labor Organization and Problems.Personal Finance and Social Security.National Income.Part II: Determination of National Income and Its Fluctuations.Saving and Investment.Prices, Money, and Interest Rates.Fundamentals of the Banking System and Deposit Creation.Federal Reserve and Central Bank Monetary Policy.International Finance and Domestic Employment.The Business Cycle.Fiscal Policy and Full Employment Without inflation.Part III: The Composition and Pricing of National Output.Determination of Price by Supply and Demand.The Theory of Consumption and Demand.Cost and the Equilibrium of the Firm Under Perfect and Imperfect Competition.Production Equilibrium of the Firm and the Problem of Distribution.International Trade and the Theory of Comparative Advantage.The Economics of Tariff Protection and Free Trade.The Dynamics of Speculation and Risk.Social Movements and Economic Welfare.
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