Original offprint. 8vo. [1], [786]-797, [1, blank] pp. Original printed wrappers, wire-stitched as issued. Reprinted for private circulation from The Journal of Political Economy, Vol. XLVII, No. 6, December, 1939.
An early article by Samuelson, written when he was still only a graduate student at Harvard, in which he made an attempt at ‘fitting ideas that were coming to be associated with Keynes into the older framework of American business cycle theory’ (Backhouse, Founder of Modern Economics: Paul A. Samuelson. Volume I: Becoming Samuelson, 1915-1948, p. 263).
