Foundations of Economic Analysis.

SAMUELSON, Paul A.

$10,000.00

Item Number: 3541

Cambridge: Harvard University Press, 1947.

First edition of the Nobel Prize-winning economist’s magnum opus and one of the most influential economic texts of the twentieth century. Octavo, original burgundy cloth with titles in gilt. Signed “Paul A. Samuelson MIT” on the title page. An excellent example with light wear to the cloth, some toning to the spine, near fine. Housed in a custom half morocco clamshell box.

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 for having written considerable parts of economic theory. The title of this work "was meant to be exactly as ambitious as it sounds, and the book’s impact on the profession has largely justified it For the first time in a book in English on economic principles, the mathematics, instead of being relegated to an appendix, provided the skeleton of the argument Fifty years after it was written, the Foundations (together with Hicks’ Value and Capital) is still one of the most inspiring classics of general equilibrium economics (Niehans, History of Economic Theory, 423).