The Perseverance of Paul Samuelson's Economics | Zendy

Mark Skousen | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

The Perseverance of Paul Samuelson's Economics

Author(s) -

Mark Skousen

Publication year - 1997

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.11.2.137

Subject(s) - economics , fiscal policy , interventionism (politics) , keynesian economics , business cycle , laissez faire , china , monetary policy , macroeconomics , post keynesian economics , government (linguistics) , new keynesian economics , political science , law , market economy , linguistics , philosophy , international relations , politics

A reflection of the economics profession through Paul Samuelson's Economics. Samuelson offers an uneasy mix of laissez faire in micro and government interventionism in macro. In earlier editions, Keynesian thinking dominated, with an antisaving, progovernment bias and a need for an activist fiscal policy aimed at alleviating unpredictable chronic business cycles under private enterprise. Middle editions had chapters on the Soviet Union and China, rather than Japan and West Germany. Recently, Samuelson and coauthor William Nordhaus have gradually shifted from antithrift to prosavings policies, from deficit spending to fiscal restraint, and from fiscal policy to monetary policy as effective countercyclical tools.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research