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" "Years ago, I wrote aphoristically: “Inside a classical economist, you discern a neoclassical economist trying to get in.” My archetypical tableaux flesh out this heuristic perception. And, in my considered opinion, these explications cast cogent doubts on that view popular in the 1950s and early 1960s that “going back to the classics” somehow offered a different and better alternative to the post-neoclassical mainstream paradigms.
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist. He was the first American to win the Nobel Prize in Economics.
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I return to economics and to economists, and to the question of why the profession’s directions have evolved in the manners evident from this book. A major conservative economist once explained that a source of his antipathy to government traced back to the defeat of his southern ancestors by a larger north economy. Here is a similar factoid. Joan Robinson once wrote that her opposition to having the U.K. enter the European Market was due to the fact that she “had more friends in [Nehru’s] India than on the continent.”
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I can claim that in talking about modern economics I am talking about me. My finger has been in every pie. I once claimed to be the last generalist in economics, writing about and teaching such diverse subjects as international trade and econometrics, economic theory and business cycles, demography and labor economics, finance and monopolistic competition, history of doctrines and locational economics.