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Journal of Economic Perspectives: Vol. 11 No. 2 (Spring 1997)

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Credo of a Lucky Textbook Author

Article Citation

Samuelson, Paul A. 1997. "Credo of a Lucky Textbook Author." Journal of Economic Perspectives, 11(2): 153-160.

DOI: 10.1257/jep.11.2.153

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.

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Authors

Samuelson, Paul A. (MIT)

JEL Classifications

A22: Economic Education and Teaching of Economics: Undergraduate

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