Paul Samuelson (1915-2009) was an American economist at MIT, the first American to win the Nobel Memorial Prize in Economic Sciences, awarded in 1970. He was the architect of the neoclassical synthesis combining Keynesian macroeconomics with neoclassical microeconomics, and author of the widely used textbook Economics. He made foundational contributions to revealed preference theory, the overlapping generations model, and international trade theory. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Concepts Originated
Samuelson's The Pure Theory of Public Expenditure (1954) gave the modern formal definition of a public good.
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Influenced By
Additional Source WikipediaPaul Samuelson, infobox Doctoral advisor field and Graduate studies section
Additional Source WikipediaPaul Samuelson, infobox Doctoral advisor field and Graduate studies section
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Source Paul Samuelson (Wikipedia)Lead sentence 1Quote, Lead sentence 1
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences.
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1. Paul Samuelson (Wikipedia)
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Paul Anthony Samuelson was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences.
Infobox, Born field
May 15, 1915
Infobox, Died field
December 13, 2009
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Wikimedia FoundationInfluenced By: Wassily Leontief, Paul Samuelson, infobox Doctoral advisor field and Graduate studies section
As a graduate student at Harvard, Samuelson studied economics under Joseph Schumpeter, Wassily Leontief, Gottfried Haberler, and the "American Keynes" Alvin Hansen.
Influenced By: Joseph Schumpeter, Paul Samuelson, infobox Doctoral advisor field and Graduate studies section
As a graduate student at Harvard, Samuelson studied economics under Joseph Schumpeter, Wassily Leontief, Gottfried Haberler, and the "American Keynes" Alvin Hansen.
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History of Economic Thought Website: Paul Samuelson profile
History of Economic Thought WebsiteIn Group: Marginalist, Neoclassical and Welfare Economists, Profile pageQuote, In Group: Marginalist, Neoclassical and Welfare Economists, Profile page
Samuelson's most famous piece of work, Foundations of Economic Analysis (1947), one of the grand tomes that helped revive Neoclassical economics and launched the era of the mathematization of economics.
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