Samuelsonian Economics and the Twenty-First Century
Szenberg, Michael (Editor),
Distinguished Professor of Economics, Lubin Business School, Pace University
Ramrattan, Lall (Editor),
University of California, Berkeley Extension
Gottesman, Aron A. (Editor),
Associate Professor of Finance, Lubin School of Business, Pace University
Print publication date: 2006
Published to Oxford Scholarship Online: January 2009 Print ISBN-13: 978-0-19-929883-9 doi:10.1093/acprof:oso/9780199298839.001.0001 |
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Abstract:
This book presents the scientific works of Paul Samuelson, the leading neoclassical economist, which would attract research and study in the 21st century. The subject matter includes his ‘...scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science’, as identified by the Nobel Laureate Committee which conferred upon him the Nobel Prize in 1970. This book illustrates how Samuelson contributed to broad economic frameworks of the neoclassical synthesis, a mixed-economy, and the surrogate production function, which will continue to provide practitioners with a vision for research. The areas that have already stood up to scientific tests include: the factor price equalization theorem in trade, which will encounter tough economic problems ahead; examples of intergenerational problems; and areas which espouse the fundamentals of economic science, such as stability of equilibrium issues. The contents of this collection spreads over twenty-one chapters, covering a wide range of topics, including general equilibrium, finance, trade, Keynesian economics, and other sub-disciplines, which are pulled together in the introduction from a methodological point of view.
Keywords: methodology, international trade, utility, Marxism, post-Keynesian economics, factor price equalization, equilibrium issues Table of Contents
Preface
Introduction: The Significance of Paul A. Samuelson in the Twenty-First Century
1.
Overlapping Generations
2.
Paul Samuelson's Amazing Intergenerational Transfer
3.
Social Security, the Government Budget, and National Savings
4.
Prospective Shifts, Speculative Swings: “Macro” for the Twenty-First Century in the Tradition Championed by Paul Samuelson
5.
Paul Samuelson and Global Public Goods
6.
Revealed Preference
7.
Samuelson's “Dr. Jekyll and Mrs. Jekyll” Problem: A Difficulty in the Concept of the Consumer
8.
Paul Samuelson on Karl Marx: Were the Sacrificed Games of Tennis Worth It?
9.
Paul Samuelson and the Stability of General Equilibrium
10.
Paul Samuelson and Piero Sraffa—Two Prodigious Minds at the Opposite Poles
11.
Paul Samuelson as a “Keynesian” Economist
12.
Samuelson and the Keynes/Post Keynesian Revolution
13.
Paul Samuelson and International Trade Theory Over Eight Decades
14.
Paul Samuelson's Contributions to International Economics
15.
Protection and Real Wages: The Stolper–Samuelson Theorem
16.
Samuelson and the Factor Bias of Technological Change: Toward a Unified Theory of Growth and Unemployment
17.
Samuelson and Investment for the Long Run
18.
Paul Samuelson and Financial Economics
19.
Multipliers and the LeChatelier Principle
20.
The Surprising Ubiquity of the Samuelson Configuration: Paul Samuelson and the Natural Sciences
21.
Paul Samuelson's Mach
Index
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