The New Economics: Keynes’ Influence on Theory and Public Policy.

SAMUELSON, Paul A.]; Edited by Seymour Harris; Essays by J.M. Keynes.

Item Number: 42833

New York: Alfred A. Knopf, 1947.

First edition of this collection of essay regarding the influence of John Maynard Keynes. Octavo, original blue cloth. Signed by Nobel Prize-winning economist Paul Samuelson on the title page. In very good condition. Other contributors include John Maynard Keynes, Wassily Leontief, Lloyd Metzler, Gottfried Haberler, Wassily Leontief, Abba Lerner, Joan Robinson, Joseph A. Schumpeter and Jan Tinbergen among others. Ownership name.

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. One of Samuelson's many novel contributions was that he generalized and applied mathematical methods developed for the study of thermodynamics to the field of economics. His inspiration for doing so came, in part, from his mentor, polymath Edwin Bisdwell Wilson who was a former Yale student of the founder of chemical thermodynamics, Willard Gibbs. Samuelson, therefore, is a successful example of interdisciplinarity, and he combined these ideas in his magnum opus Foundations of Economic Analysis.