Education: Updating a Classic

Updating a Classic

The book contains no sex, drugs or florid writing, but it is a best seller on college campuses all the same. Titled simply Economics, the classic textbook by Nobel Laureate Paul Samuelson has sold nearly 4 million copies since its 1948 debut. In the twelfth version, published last week by McGraw-Hill ($32.95), Samuelson for the first time has a co-author, Yale Professor William Nordhaus, who served on President Carter's Council of Economic Advisers. Samuelson, 69, who will retire in May from his professorship at Massachusetts Institute of Technology, chose Nordhaus, 43, to help keep the book timely and vital by updating...

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