Paul Samuelson Master of Modern Economics
A significant part of economics as we know it today is the outcome of battles that took place in the post-war years between Keynesians and monetarists. In the US, the focus of these battles was often between the neo-Keynesians at the Massac
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Paul Samuelson Master of Modern Economics Edited by Robert A. Cord · Richard G. Anderson William A. Barnett
Remaking Economics: Eminent Post-War Economists
Series Editor Robert A. Cord Independent Researcher London, UK
Robert A. Cord · Richard G. Anderson · William A. Barnett Editors
Paul Samuelson Master of Modern Economics
Editors Robert A. Cord London, UK William A. Barnett Department of Economics University of Kansas Lawrence, KS, USA
Richard G. Anderson Center for Economics and the Environment Lindenwood University St. Charles, MO, USA
ISSN 2662-6632 ISSN 2662-6640 (electronic) Remaking Economics: Eminent Post-War Economists ISBN 978-1-137-56811-3 ISBN 978-1-137-56812-0 (eBook) https://doi.org/10.1057/978-1-137-56812-0 © The Editor(s) (if applicable) and The Author(s) 2019 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: Bachrach/Getty Images Cover design by eStudio Calamar This Palgrave Macmillan imprint is published by the registered company Springer Nature Limited The registered company address is: The Campus, 4 Crinan Street, London, N1 9XW, United Kingdom
For my mother —Robert A. Cord For my teachers, PAS, RMS, CPK, FMF, RFE, PAD, SF, and FM —Richard G. Anderson For my wife, Melinda Barnett —William A. Barnett
Introduction from the Series Editor
Economics has witnessed a dramatic transformation since the Second World War, both in terms of its depth and range. This series of volumes, entitled Remaking Economics: Eminent Post-War Economists, will examine the nature of this transformation through the work of those economists who have been responsible for the changes that have taken place. In some cases, relatively little has been written about
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