Foundations of Economic Analysis.

SAMUELSON, Paul A (Robert W. Fogel).

Item Number: 127006

Cambridge: Harvard University Press, 1955.

First edition, fourth printing of one of the most influential economic texts of the 20th century. Octavo, original red cloth. From the library of Nobel Prize-winning economist Robert W. Fogel, with his signature to the front free endpaper. American economic historian and scientist Robert Fogel won the 1993 Nobel Memorial Prize in Economic Sciences. He is best known as an advocate of new economic history (cliometrics) – the use of quantitative methods in history. Near fine in a near fine dust jacket with wear to the crown and foot of the spine.

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. 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.