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Credo of a Lucky Textbook Author

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.

Suggested Citation

  • Paul A. Samuelson, 1997. "Credo of a Lucky Textbook Author," Journal of Economic Perspectives, American Economic Association, vol. 11(2), pages 153-160, Spring.
  • 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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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.11.2.153
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    References listed on IDEAS

    as
    1. James Tobin, 1955. "A Dynamic Aggregative Model," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 103-103.
    2. Sumner H. Slichter, 1932. "Comments on Mr. Knight's Review," Journal of Political Economy, University of Chicago Press, vol. 40(6), pages 814-814.
    3. R. M. Cyert & J. G. March, 1959. "Reply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(4), pages 684-685.
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    Cited by:

    1. De Vroey Michel & Duarte Pedro Garcia, 2013. "In search of lost time: the neoclassical synthesis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 965-995, January.
    2. 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.
    3. Lukáš Kovanda, 2011. "Ekonomie budoucnosti: čtyři možné scénáře [The Future of Economics: Four Possible Scenarios]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(6), pages 743-758.
    4. Alberto Ruiz‐Villaverde, 2019. "Editor’s Introduction: The Growing Failure of the Neoclassical Paradigm in Economics," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 13-34, January.
    5. Yann Giraud, 2011. "The Political Economy of Textbook Writing: Paul Samuelson and the making of the first ten Editions of Economics (1945-1976)," THEMA Working Papers 2011-18, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.

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    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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