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Economics: The Original 1948 Edition

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Title: Economics: The Original 1948 Edition
by Paul A. Samuelson
ISBN: 0-07-074741-5
Publisher: McGraw-Hill Trade
Pub. Date: 01 December, 1997
Format: Hardcover
Volumes: 1
List Price(USD): $59.30
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Average Customer Rating: 4.33 (3 reviews)

Customer Reviews

Rating: 3
Summary: Liberal economics
Comment: Mr. Samuelson is most undeniably a great economist, and a great liberal, but from the distant past. As a textbook writer I find him very poor; even irrelevant. He has a way of presenting the subject in a technical/mathmatical way that leaves the reader no better off at all at understanding and discussing the basic economic issues of the day. Besides that he was a remarkably biased teacher/textbook writer. He will perhaps go down in history as the man who said that Russia was a great example of how well a planned economy can perform (even though it really just impoverished its citizens) and that Milton Freidman's work was mistaken (even though it finally became intellectually dominant and was used by the Fed to create the current economic miracle). If you had a choice to spend two semesters plowing through Samuelson or a weekend reading "Capitalism and Freedom" or "Understanding The Difference Between Democrats and Republicans" you'd be wise to pick the later. You'd learn 10 times as much in a fraction the time.

Rating: 5
Summary: Highly recommended to haters of this dreary subject.
Comment: Absolutely easy to read and understand! I never thought I could actually "enjoy" reading about the subject before I came across this book.

Rating: 5
Summary: The original edition is much better than the one I studied.
Comment: I was amazed to discover how good the original edition of Samuelson's classic economics text is. Virtually everything in it is just as relevant today as it was in 1948. Of special interest to me was chapter 10, Personal Finance and Social Security, for the light it sheds on the current debate about retirement income security. I think Samuelson ECONOMICS 1 ed. would be my textbook of choice for a course in introductory economics.

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