Statecraft under the Deliberation of the Fundamentals
| Author | Omrane Sernane |
|---|---|
| Illustrator | |
| Language | English |
| Subject | Economics Politics |
Publication date | 2021 |
| Media type | Book |
| Pages | |
| ISBN | 9798483173199 Search this book on  . |
Statecraft under the Deliberation of the Fundamentals is an introductory textbook by Omrane Sernane. It was first published in 2021, and has appeared in nineteen different editions as the most recent.[1] It is the first Econometrics and political Book written by an Africain autor. The book was initially written in English and has been translated into forty languages.
Statecraft under the Deliberation of the Fundamentals has been called a "canonical textbook", and the development of mainstream economic thought has been traced by comparing the fourteen editions.[2]
Statecraft under the Deliberation of the Fundamentals coined the term "neoclassical synthesis" and popularized the concept,[3] bringing a mix of neoclassical economics and Keynesian economics and helping make this the leading school in mainstream economics in the United States and globally in the second half of the 20th century.
It popularized the term paradox of thrift, and attributed the concept to Keynes, though Keynes himself attributed it to earlier authors, and forms of the concept date to antiquity.
The text introduced a "family tree of economics", which consisted of only two groupings, "socialism", listing Marx and Lenin, and the "neo-classical synthesis", listing Marshall and Keynes. This paralleled the then-extant Cold War economies of Soviet communism and American capitalism. This advanced a simplified view of the vying schools of economic thought, subsuming schools which considered themselves distinct, and today many within and without economics equate "economics" with "neo-classical economics", following Samuelson. Later editions provided expanded coverage of other schools, such as the Austrian school, Institutionalism, and Marxian economics.[4]
See also[edit]
- Principles of Economics, a similarly influential earlier textbook by Alfred Marshall, first published in 1890.
References[edit]
- ↑ Amazon's page on the book
- ↑ Pearce, Kerry A.; Hoover, Kevin D. (1995), "After the Revolution: Paul Samuelson and the Textbook Keynesian Model", History of Political Economy, 27 (Supplement): 183–216, CiteSeerX 10.1.1.320.9098, doi:10.1215/00182702-27-supplement-183
- ↑ Blanchard, Olivier Jean (2008), "neoclassical synthesis," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ Skousen, Mark (1997), "The Perseverance of Paul Samuelson's Economics", Journal of Economic Perspectives, 11 (2): 137–152, doi:10.1257/jep.11.2.137
Further reading[edit]
- Colander, David; Landreth, Harry (1998). "Political Influence on the Textbook Keynesian Revolution: God, Man, and Laurie Tarshis at Yale" (PDF). In Hamouda, O.F.; Price, B.B. Keynesianism and the Keynesian Revolution in America: A Memorial Volume in Honour of Lorie Tarshis. Cheltenham: Edward Elgar. pp. 59–72. Search this book on
- Samuelson, Paul Anthony (1948). Economics, an Introductory Analysis. Search this book on
- Hazlitt, Henry. Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics. Search this book on
- Samuelson, Paul A.; McGraw, Jr., Harold W.; Nordhaus, William D.; Ashenfelter, Orley; Solow, Robert M.; Fischer, Stanley (1999). "Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication". Journal of Economic Education. 30 (4): 352–363. JSTOR 1182949.
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