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Samuelsonian Economics and the Twenty-First Century
Edited by Michael Szenberg, Lall Ramrattan, and Aron A. Gottesman
382 pages
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234x156mm
978-0-19-929883-9
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Paperback
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24 August 2006
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This item is printed to order and supplied on a firm sale basis. Items which are printed to order are normally despatched and charged within 5-10 days.
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- Illuminates and critically assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the field of economics
- Includes contributions from leading eminent scholars
- Accessible to a wide readership, as it provides technical and non-technical narrative
This volume illuminates and critically assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the field of economics. The volume includes contributions from eminent scholars, including 6 Nobel Laureates, covering the extraordinary depth and breadth of Samuelson's contributions. Samuelson, the first American economist to win the Nobel prize in 1970, was the foremost voice in economics in the latter half of the 20th century. He single-handedly transformed the discipline by creating a new way of presenting economics, making it possible for it to be cast all in mathematical terms.
Samuelson
developed broad frameworks, such as the neoclassical synthesis, a mixed economy, and the surrogate production function, which provided practitioners with a vision for research. Samuelson's contributions to economics are rich, complex, consequential, and relevant to the ordinary economics of life. The quality of Samuelson's output and methods leave no doubt that his contributions continue to be timely and relevant even in the 21st century. Ideal as a reference or an introduction to Samuelson's work, this is a must-have for students and academics alike.Readership: Academic economists interested in a survey of Samuelsonian economics and students of economics, business, and finance interested in an introduction to
multiple areas of economics from the perspective of Samuelson.
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Edited by Michael Szenberg, Distinguished Professor of Economics, Lubin Business School, Pace University, Lall Ramrattan, University of California, Berkeley Extension, and Aron A. Gottesman, Associate Professor of Finance, Lubin School of Business, Pace University Contributors:
James B. Cooper, Johannes Kepler University, Austria
Rod Cross, University of Strathclyde, UK
Paul Davidson, University of Tennessee
Peter Diamond, MIT
Avinash Dixit, Princeton University
Franklin Fisher, MIT
Milton Friedman, Stanford University
Geoff
Harcourt, Cambridge University
Lawrence R. Klein, University of Pennsylvania
Laurence J. Kotlikoff, Boston University
Rachel McCulloh, Brandeis University
Harry M. Marowitz, University of California, San Diego
Robert C. Merton, Harvard University
Paul Milgrom, Stanford University
William D. Nordhaus, Yale University
Luigi Pasinetti, Università Cattolica del Sacro Cuore, Milano
Robert A. Pollak, Washington University
Lall Ramrattan, University of California, Berkeley
Kenneth Rogoff, Harvard University
Thomas Russell, Santa Clara University
Robert M. Solow, MIT
Joseph E. Stiglitz, Columbia University
Michael Szenberg, Pace
University
Hal R. Varian, University of California, Berkeley
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"...an excellent overview of the breadth and depth of Samuelson's influence on mainstream economics...Highly recommended." - R.S. Hewett, Choice, Vol. 44, No. 11
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Introduction
Ten Ways to Know Paul A. Samuelson
Analysis of Samuelson's Specific Contribution
Overlapping Generation Models
1: Robert M. Solow: Overlapping Generations
2: Laurence J. Kotlikoff: Paul Samuelson's Amazing Intergenerational Transfer
3: Peter Diamond: Social Security, the Government, and National Savings
Public Goods
4: William D. Nordhaus: Paul Samuelson and Global Public Goods
Preference and Consumer Behavior
5: Hal R. Varian: Revealed Preference
6: Robert A. Pollak: Samuelson's "Dr. Jekyll and Mrs. Jekyll" Problem: A Difficulty in the Concept of the Consumer
Marx
7: Geoff Harcourt: Paul Samuelson on Karl Marx: Were the Sacrificed Games of Tennis Worth It?
Stability
8: Franklin Fisher: Paul Samuelson and the Stability of the General Equilibrium
Keynes & Post-Keynesians
9: Luigi Pasinetti: Paul Samuelson and Piero Sraffa- Two Prodigious Minds at the Opposite Poles
10: Lawrence R. Klein: Paul Samuelson as a "Keynesian" Economist
11: Paul Davidson: Samuelson and the Keynesian/Post-Keynesian Revolution
International Economics and Finance
12: Avinash Dixit: Paul Samuelson and International Trade Theory Over Eight Decades
13: Kenneth Rogoff: Paul Samuelson's Contributions to International Economics
14: Rachel McCulloh: Protection and Real Wages: The Stopler-Samuelson Theorem
Finance and Portfolio Theory
15: Joseph E. Stiglitz: Samuelson and the Factor Bias of Technology Change
16: Harry M. Marowitz: Samuelson and Investment for the Long Run
17: Robert C. Merton: Paul Samuelson and Financial Economics
Samuelson's Relevance
Relevance to Mathematical Economics
18: Paul Milgrom: Multipliers and the LeChatelier Principle
Relevance to the Natural Sciences
19: James B. Cooper and Thomas Russell: The Surprising Ubiquity of the Samuelson Configuration
20: Rod Cross: Paul Samuelson's Mach
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