An introduction to modern economic principles, this edition features a new chapter on open economy economics. There is continued emphasis in this text on the analytical core of economics with particular attention paid to economic growth.
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist. The first American to win the Nobel Memorial Prize in Economic Sciences, the Swedish Royal Academies stated, when awarding the prize in 1970, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". Economic historian Randall E. Parker has called him the "Father of Modern Economics", and The New York Times considered him to be the "foremost academic economist of the 20th century"
In comparison with my mother's 7th ed. copy of the Samuelson textbook, this edition sucks. They've replaced using many interesting examples with an in depth discussion of how to do basic math. I'd rather learn the concepts using out of date examples (for instance, projecting the size of the USSR's economy versus the US's through the year 2000) than read this PC, simplified drivel.