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Articles on Issue Theme

Bogdan ENACHE

Cercetător independent

Paul A. Samuelson was a key figure in the evolution of 20th century economics. Won over by the “Keynesian revolution” during the 1930s, he was responsible for forging the neoclassical synthesis, the rigorous quantitative methodology and the dirigiste outlook of postwar macroeconomics. The economic crisis of the 1970s and the so-called “Chicago revolution” of the 1980s was a great challenge to Samuelson’s anti-laissez faire legacy, but left its heavy reliance on mathematics and modelling intact. The “Great Recession” that began in 2008 may ultimately shift back the evolution of macroeconomics towards Samuelson’s dirigiste outlook, but allow for a less mathematical, more pluralist methodology.

ŒCONOMICA no. 2/2010

Keywords: macroeconomics, Great Depression, Great Recession, Keynes, Hayek, Friedman

JEL: B22, B32, B40

Secolul lui Paul A. Samuelson

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