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Credo of a Lucky Textbook Author

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  • Paul A. Samuelson

Abstract

At war's end, introductory economics textbooks were overdue for a revolutionary advance. Change conspired to tempt the author to bring to the beginning course the rudiments of Keynesian macroeconomics. The impact was explosive. In reaction to criticisms of the subsequent evolutionary revisions, the author here describes the transition beyond the 1936 Model T General Theory paradigm from the standpoint of advances on the frontier, at the same time correcting erroneous claims about the saving process. Finally, he tells the tales of rightist censorship of Lorie Tarshis's 1947 pioneering Keynesian textbook and of later thunder from the left.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.11.2.153
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 11 (1997)
Issue (Month): 2 (Spring)
Pages: 153-160

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Handle: RePEc:aea:jecper:v:11:y:1997:i:2:p:153-60

Note: DOI: 10.1257/jep.11.2.153
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  1. James Tobin, 1955. "A Dynamic Aggregative Model," Journal of Political Economy, University of Chicago Press, vol. 63, pages 103.
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Cited by:
  1. Michel De Vroey & Pedro Garcia Duarte, 2012. "In Search of Lost Time: The Neoclassical Synthesis," Working Papers, Department of Economics 2012_07, University of São Paulo (FEA-USP).
  2. Yann Giraud, 2013. "The Political Economy of Textbook Writing : Paul Samuelson and the making of the first Ten Editions of Economics (1945-1976)," Working Papers hal-00870494, HAL.
  3. Levy, David M. & Peart, Sandra J., 2011. "Soviet growth and American textbooks: An endogenous past," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 110-125.
  4. Lukáš Kovanda, 2011. "The Future of Economics: Four Possible Scenarios," Politická ekonomie, University of Economics, Prague, vol. 2011(6), pages 743-758.

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