How Foundations Came to Be

Unlike a biological embryo, Foundations of Economic Analysis (Samuelson, 1947) had no definite moment of conception. Gradually, over the period 1936 to 1941, it got itself evolved. It was the internal logic of the economic puzzles that guided Foundations' growth. Foundations, for the most part,...

Full description

Saved in:
Bibliographic Details
Published inJournal of economic literature Vol. 36; no. 3; pp. 1375 - 1386
Main Author Samuelson, Paul A.
Format Journal Article
LanguageEnglish
Published Nashville, Tenn American Economic Association 01.09.1998
Subjects
Axioms
Chaos theory
Economic theory
Economic value
Economics
Economists
Keynesianism
Liapunov functions
Mathematical theorems
Mathematics
Peas
Rye
Studies
Online AccessGet full text

Cover

More Information
Summary:Unlike a biological embryo, Foundations of Economic Analysis (Samuelson, 1947) had no definite moment of conception. Gradually, over the period 1936 to 1941, it got itself evolved. It was the internal logic of the economic puzzles that guided Foundations' growth. Foundations, for the most part, had a unifying theme: how and why one could predict with qualitative certainty the direction of change for an optimizing maximal variable when its exogenous price in the bilinear product is perturbed upward.
ISSN:0022-0515
2328-8175