Credo of a Lucky Textbook Author

Paul A. Samuelson

Journal of Economic Perspectives, 1997, vol. 11, issue 2, pages 153-60

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. Copyright 1997 by American Economic Association.

Date: 1997
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