Word: samuelson
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...Paul A. Samuelson's "Economics," the bible for Economics 10, the College's most popular course, will be replaced this year by a new economics textbook, the professor of the course said yesterday...
...committee of Economics 10 section leaders voted unanimously over the summer to replace Samuelson's book with an economics textbook written by Richard G. Lipsey, a professor at Queen's University in Canada, and Peter O. Steiner, a professor at the University of Michigan...
...iodine, baby oil or Sea 'n Ski (depending on skin type), towels, pillows, harmonicas, frisbees, blankets, congo drums (?!). All of this is hidden in bags and purses under layers of the Puritan ethic in the shape of school work. Take, for example, a young woman who dutifully begins reading Samuelson or Campbell or Marx or whoever--but reaching the end of the page she realizes that the words have slid over her eyes like soft-boiled eggs on a white plastic plate. She begins again with renewed fervor and determination. And once more, the glint of sunlight on the river...
...natural sciences can valid knowledge be obtained, and that "no knowledge is genuine unless based on generally observable facts"--is that economics is not a science. It is not free of an underlying ideology or philosophy. What's more, it should not try to be. Neoclassical economists--Samuelson and his colleagues--have gone astray, writes Schumacher, surreptitiously sneaking value judgments into their theoretical toolkits, and by choosing the wrong values...
...liberal-leaning Democrat who says "I prefer Paul Samuelson to Milton Friedman politically," Kreps considers herself a moderate in economics. She would prefer, for example, that "the forces of competition resolve unemployment to the greatest extent possible, rather than have government do it." Kreps believes that businesses in the future may have to give more time off to employees in midcareer, adjust to the needs of working women, and cope with the problems of early retirement...