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| | The Perseverance of Paul Samuelson |
 | | Samuelson wrote:, "Disappearing to zero was, in my reconsidered judgment, an overshoot." He argued that Japan in 1992-94 could be viewed as a modern-day example of the paradox of thrift. |
 | | Samuelson's desire to homogenize mainstream economics into one grand "neo-classical synthesis" is evident in his "family tree of economics." Beginning with the fourth edition (1958, flap), the author created a genealogical diagram of economic thought from the Greeks to the present. |
 | | To the extent that Samuelson's text has been a much-imitated leader among all principles textbooks, it is reasonable to ask how helpful these texts would have been in thinking about the issues of public debt, inflation, foreign competition, recession, unemployment and taxes that have challenged the public over the past 50 years. |
| www.mskousen.com /Books/Articles/perserverance.html (5993 words) |
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