chapter  14
13 Pages

Strategy and tactics in the pedagogy of economics: what should be done about neoclassical economics?

ByWhat should be done about neoclassical economics? Grahame F. Thompson

These two paragraphs neatly sum up the claims made by Samuelson’s formidable book and role it has played in economics teaching. Reading its various editions produced over that halfcentury (nearly a quarter of the entire scientific life of economics according to its author) demonstrates the changing contours of what has been considered to constitute the theoretical terrain of modern economics. In fact Samuelson’s other remarkable book, Foundations of Economic Analysis, first published in 1947 (a year before the first edition of Economics), more strongly embodies his theoretical project, and indeed much of what has come to be understood as the theoretical underpinnings of modern conventional economics in general.