Nick Romeo, The New Yorker October 8, 2021
In the nineteen-forties, when the Massachusetts Institute of Technology was considering adopting a new economics textbook, the school’s president received warnings about the book’s author: “It is perfectly obvious that the young man is socially-minded if not strictly communistic,” one correspondent wrote. The young man in question was the American economist Paul Samuelson, a future Nobel laureate. Samuelson’s textbook “Economics,” published in 1948, would dominate the market for nearly half a century; it introduced a Keynesian vision—in which government would take a more active role in managing the economy and promoting full employment—to generations of students and sold millions of copies.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here