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Economics (textbook)
''Economics'' is an introductory textbook by American economists Paul Samuelson and William Nordhaus. The textbook was first published in 1948, and has appeared in nineteen different editions, the most recent in 2009. It was the best selling economics textbook for many decades and still remains popular, selling over 300,000 copies of each edition from 1961 through 1976. The book has been translated into forty-one languages and in total has sold over four million copies. ''Economics'' was written entirely by Samuelson until the 12th edition (2001). Newer editions have been revised with others, including Nordhaus for the 17th edition (2001) and afterwards. Influence ''Economics'' has been called a "canonical textbook", and the development of mainstream economic thought has been traced by comparing the fourteen editions under Samuelson's editing. ''Economics'' coined the term " neoclassical synthesis" and popularized the concept, bringing a mix of neoclassical economics and Keyne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". "In a career that spanned seven decades, he transformed his field, influenced millions of students and turned MIT into an economics powerhouse" Economic historian Randall E. Parker has called him the "Father of Modern Economics", and ''The New York Times'' considers him to be the "foremost academic economist of the 20th century". Samuelson was likely the most influential economist of the latter half of the 20th century."Paul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cold War
The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because there was no large-scale fighting directly between the two superpowers, but they each supported major regional conflicts known as proxy wars. The conflict was based around the ideological and geopolitical struggle for global influence by these two superpowers, following their temporary alliance and victory against Nazi Germany and Imperial Japan in 1945. Aside from the nuclear arsenal development and conventional military deployment, the struggle for dominance was expressed via indirect means such as psychological warfare, propaganda campaigns, espionage, far-reaching embargoes, rivalry at sports events, and technological competitions such as the Space Race. The Western Bloc was led by the United States as well as a number of othe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principles Of Economics (Marshall)
''Principles of Economics'' is a leading political economy or economics textbook of Alfred Marshall (1842–1924), first published in 1890. It was the standard text for generations of economics students. Called his '' magnum opus'', it ran to eight editions by 1920. A ninth (variorum) edition was published in 1961, edited in 2 volumes by C. W. Guillebaud.Whittaker, J.K. (1987). "Marshall, Alfred," ''The New Palgrave: A Dictionary of Economics'', p. 363. Writing Marshall began writing the ''Principles of Economics'' in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. Over the next two decades he w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Review
''National Review'' is an American conservative editorial magazine, focusing on news and commentary pieces on political, social, and cultural affairs. The magazine was founded by the author William F. Buckley Jr. in 1955. Its editor-in-chief is Rich Lowry, while the editor is Ramesh Ponnuru. Since its founding, the magazine has played a significant role in the development of conservatism in the United States, helping to define its boundaries and promoting fusionism while establishing itself as a leading voice on the American right. The online version, ''National Review Online'', is edited by Philip Klein and includes free content and articles separate from the print edition. The free content is limited, but National Review Plus allows ad-free and unlimited access to both online and print articles. History Background Before ''National Review''s founding in 1955, the American right was a largely unorganized collection of people who shared intertwining philosophies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Communism
Communism (from Latin la, communis, lit=common, universal, label=none) is a far-left sociopolitical, philosophical, and economic ideology and current within the socialist movement whose goal is the establishment of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange which allocates products to everyone in the society.: "One widespread distinction was that socialism socialised production only while communism socialised production and consumption." Communist society also involves the absence of private property, social classes, money, and the state. Communists often seek a voluntary state of self-governance, but disagree on the means to this end. This reflects a distinction between a more libertarian approach of communization, revolutionary spontaneity, and workers' self-management, and a more vanguardist or communist party-driven approach through the development of a constitutional social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McCarthyism
McCarthyism is the practice of making false or unfounded accusations of subversion and treason, especially when related to anarchism, communism and socialism, and especially when done in a public and attention-grabbing manner. The term originally referred to the controversial practices and policies of U.S. Senator Joseph McCarthy, and has its origins in the period in the United States known as the Second Red Scare, lasting from the late 1940s through the 1950s. It was characterized by heightened political repression and persecution of left-wing individuals, and a campaign spreading fear of alleged communist and socialist influence on American institutions and of espionage by Soviet agents. After the mid-1950s, McCarthyism began to decline, mainly due to Joseph McCarthy's gradual loss of public popularity and credibility after several of his accusations were found to be false, and sustained opposition from the U.S. Supreme Court led by Chief Justice Earl Warren on human rights ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Red Scare
McCarthyism is the practice of making false or unfounded accusations of subversion and treason, especially when related to anarchism, communism and socialism, and especially when done in a public and attention-grabbing manner. The term originally referred to the controversial practices and policies of U.S. Senator Joseph McCarthy, and has its origins in the period in the United States known as the Second Red Scare, lasting from the late 1940s through the 1950s. It was characterized by heightened political repression and persecution of left-wing individuals, and a campaign spreading fear of alleged communist and socialist influence on American institutions and of espionage by Soviet agents. After the mid-1950s, McCarthyism began to decline, mainly due to Joseph McCarthy's gradual loss of public popularity and credibility after several of his accusations were found to be false, and sustained opposition from the U.S. Supreme Court led by Chief Justice Earl Warren on human right ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservatism In The United States
Conservatism in the United States is a political and social philosophy based on a belief in limited government, individualism, traditionalism, republicanism, and limited federal governmental power in relation to U.S. states. Conservative and Christian media organizations, along with American conservative figures, are influential, and American conservatism is one of the majority political ideologies within the Republican Party. American social conservatives typically support what they consider Christian values, moral absolutism, traditional family values, and American exceptionalism, while opposing abortion, euthanasia, and same-sex marriage. It favours economic individualism, and is generally pro-business and pro-capitalism, while supporting anti-communism and opposing labor unions. It often advocates a strong national defense, gun rights, free trade, and a defense of Western culture from perceived threats posed by both communism and moral relativism. Since the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lorie Tarshis
Lorie Tarshis (22 March 1911 – 4 October 1993) was a Canadians, Canadian economist who taught mostly at Stanford University. He is credited with writing the first introductory textbook that brought Keynesian thinking into American university classrooms, the 1947 Elements of Economics'. The work swiftly lost popularity after it was charged with excessive sympathy to communism by McCarthyism, McCarthyist activists. Instead, the 1948 ''Economics (textbook), Economics'' by Paul Samuelson brought the Keynesian revolution to the United States. Early life and education Tarshis was born in Toronto and received a bachelor's degree from the University of Toronto and master's and doctoral degrees in economics from Trinity College, Cambridge. Career Private sector He came to the United States in 1936 as an instructor at Tufts University near Boston. He worked for the War Production Board in World War II and then became an Operations analysis, operations analyst for the United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxian Economics
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian economists tend to accept the concept of the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotative and denotative differences. Marxian economics concerns itself variously with the analysis of crisis in capitalism, the role and distribution of the surplus product and surplus value in various types of economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Economics
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 ''American Economic Review'' article by Walton H. Hamilton. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions (e.g. individuals, firms, states, social norms). The earlier tradition continues today as a leading heterodox approach to economics.Warren J. Samuels ( 9872008). "institutional economics," '' The New Palgrave: A Dictionary of Economics''Abstract. "Traditional" institutionalism rejects the ''reduction'' of institutions to simply tastes, technology, and nature (see naturalistic fallacy). Tastes, along with expectations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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