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Samuelson Paul

May 15, 1915

Rating : AA (Data from a birth certificate)

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Remembering Since 2009

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Work : Prize 1970 (Nobel Memorial Prize in Economic Sciences)

Death:Death, Cause unspecified 13 December 2009 (Age 94) chart Placidus Equal_H.

Ai Generated Biography Biography

American economist and the first American to win the Nobel Memorial Prize in Economic Sciences. The Swedish Royal Academies stated, when awarding the prize in 1970, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". Economic historian Randall E. Parker has called him the "Father of Modern Economics", and The New York Times considered him to be the "foremost academic economist of the 20th century". Samuelson was likely the most influential economist of the later 20th century. In 1996, when he was awarded the National Medal of Science, considered to be Americas top science-honour, President Bill Clinton commended Samuelson for his "fundamental contributions to economic science" for over 60 years. Samuelson considered mathematics to be the "natural language" for economists and contributed significantly to the mathematical foundations of economics with his book Foundations of Economic Analysis. He was author of the best-selling economics textbook of all time, Economics: An Introductory Analysis, first published in 1948. It was the second American textbook that attempted to explain the principles of Keynesian economics. It is now in its 19th edition, having sold nearly 4 million copies in 40 languages. He served as an advisor to Presidents John F. Kennedy and Lyndon B. Johnson, and was a consultant to the United States Treasury, the Bureau of the Budget and the Presidents Council of Economic Advisers. Samuelson wrote a weekly column for Newsweek magazine along with Chicago School economist Milton Friedman, where they represented opposing sides. Samuelson died on 13 December 2009, at the age of 94. Link to Wikipedia biography Read less

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Update at: Sep 19, 2025
Profile: Paul Samuelson

Paul Samuelson: A Glimpse into His Life and Legacy

Born: May 15, 1915, Gary, Indiana, United States

Biography

Paul Samuelson was a renowned American economist and the first American to win the Nobel Memorial Prize in Economic Sciences. His work laid the foundations for modern economics, integrating microeconomic and macroeconomic analysis, and his textbook "Economics: An Introductory Analysis" became a staple in economic education.

Recent News

Although Samuelson passed away in December 2009, his work continues to influence economic thought and policy. Recent discussions in academic circles often reference his contributions to welfare economics and public goods theory. His influence is noted in debates on fiscal policy and economic modeling.

Social Media Presence

Given that Paul Samuelson was a figure of the 20th century, he did not have a social media presence. However, his legacy persists in academia and among economists who frequently share insights and discussions about his work on platforms like Twitter and LinkedIn.

Recent Projects and Influence

Samuelson's work continues to be used as a reference point in economic research and policy formulation. His approaches to economic theory are employed in modern research projects, particularly those focusing on economic equilibrium and market dynamics. Universities and research institutions often host symposiums and lectures commemorating his contributions to the field.

Legacy and Impact

Paul Samuelson's legacy is evident in the continued relevance of his theories and models. His analytical methods remain central to the study of economics, and his influence can be seen in the work of contemporary Nobel laureates and economists. Educational institutions still rely on his methodologies to teach foundational economic principles.

For further reading, consider exploring Samuelson's numerous publications and the vast body of literature discussing his impact on economics.