Economics: An Introductory Analysis. 1948

New York: McGraw-Hill Book Company, 1948. First edition of this landmark work in modern economics, having sold 4 million copies in 40 languages. Octavo, original cloth. Association copy, inscribed by the author on the front free endpaper to fellow Harvard economist, Gottfried Haberler in a contemporary hand, "To Gottfried with best regards from Paul." Samuelson was in Haberler's first Harvard class in 1936. Haberler was an Austrian-American economist who worked in particular on international trade. One of his major contributions was reformulating the Ricardian idea of comparative advantage in a neoclassical framework, replacing the outdated labor theory of value with the modern opportunity cost concept. With Haberler's Harvard University' stamp and American Institute stamp above Samuelson's inscription. Housed in a custom half morocco clamshell box. A significant association copy linking these two great economists of the twentieth century and inscribed in a first printing, most likely at the time of publication, as this title went through multiple printings in the first year. Its fundamental impact on the opinions and approaches of today's most influential economists is extraordinary. Upon publication this text immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and continues to be a clear, accurate, and interesting introduction to modern economics principles. The New York Times considered Samuelson to be the "foremost academic economist of the 20th century." Named to The Times Literary Supplement 100 most influential books since the end of World War II.