Economics: 16th Edition

Author: Samuelson
Publisher:
Publish Date: 2000-06-01
Features: The economics of the mid-20th century was in a completely different situation than today. By the end of the century, the economic world and economics itself had undergone tremendous development. This textbook had become a model for introductory economics teaching. Every new edition extracts the essence of thoughts from outstanding economists on how markets operate and how society can improve people's living standards. However, since the book's first edition was published in 1948, economics has undergone profound changes. Economics is first and foremost a living, evolving organism. The need to keep The Economics at the forefront of the ever-changing field of economics has given the authors a highly motivated opportunity to introduce new insights from modern economists and explain how this subject impacts an increasingly prosperous world. The task of this book is clear: to provide a clear, accurate, and engaging introduction to the principles of modern economics and the institutional systems of the U.S. and the global economy. Economics is a dynamic science—it reflects changes in economic affairs, environmental issues, the global economy, and the trends of society as a whole. As economics and the world it exists in develop, this book also evolves. The following ten features distinguish this edition from previous ones: (Core theories of economics, The triumph of markets, Emphasis on history and policy, Clarity and simplicity) The U.S. recipient of the Nobel Prize in Economics, the father of modern economics: Samuelson's Economics is a must-read classic for learning economics. Since its first publication over 50 years ago, it has sold tens of millions of copies and has been translated into dozens of languages, influencing generations with its ideas. It is an introductory textbook for beginners in economics and a reference manual for economics students to refresh their knowledge and gain new insights. It can be used as a teaching material or for self-study. Economics is a tool that economists provide to the public to improve lives and understand the world. Perhaps you don't want to become an economist, but even so, you should still learn some economics. First, learning economics helps you make better personal decisions. Second, learning economics helps you understand how the world you live in operates. Third, learning economics helps you understand the strengths and weaknesses of government policies. Finally, learning economics can improve your way of thinking. The authors of this book are Paul A. Samuelson and William D. Nordhaus. The former is a U.S. recipient of the Nobel Prize in Economics, a synthesizer of 20th-century mainstream economics, the father of modern economics, and known as the "Einstein of economics" for proposing a unified theory of economic activity. The latter is a professor of economics at Yale University, a renowned American economist, a member of President Carter's Economic Advisory Council, and a contributor to famous journals such as The New York Times.