The definition of Paul Samuelson’
Paul Samuelson was the famous scientist-economist, who left an indelible mark on the field. In 1970, Samuelson became the first American awarded the Nobel prize in Economics for outstanding contributions. Upon receiving the award, Samuelson was praised for raising “the level of scientific analysis in economic theory”. His legacy includes a tutorial College, which is called “Economics: an Introductory analysis”, currently in its 19thedition, and is available in 40 languages, first published in 1948.
Penetration Paul Samuelson’
Samuelsson studied at Harvard University, where he was awarded the degree of doctor of philosophy, and in 1941 doctoral thesis was the basis for “foundations of economic analysis”, published by Harvard press in 1947. 25, Samuelson began teaching at the Massachusetts Institute of technology, where he remained for the rest of his career, becoming Professor at 32. While at mit, Samuelson taught generations of students the principles of economy, and continuous study of many aspects of economic theory.
Samuelson also served the U.S. government as adviser to two presidents, Kennedy and Johnson and later worked as a consultant to the U.S. Department of Treasury, Bureau of the budget and the President’s Council of economic advisers. In 1996 President Clinton praised the contribution of Samuelson in Economics, when he presented him with the national medal of science, praised for “fundamental contributions to economic science” for a 60-year career.
Samuelson was a serious technical wonk and populist on the economy, digging in such dense research topics as consumer theory, modern welfare Economics, linear programming, Keynesian Economics, economic dynamics, international trade theory, logic choice and maximization, and co-editing (with Milton Friedman) column on economic issues for Newsweek magazine.
Samuelson died in 2009 at the age of 94 after a brilliant career in which he contributes as a teacher, researcher, lecturer and consultant for students and colleagues in the field of Economics.