Paul a.samuelson and paul a.samuelson Biology

Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist, and the first American to win the Nobel Prize in Economics. The Swedish Royal Academies stated, when awarding the prize, that he “has done more than any other contemporary economist to raise the level of scientific analysis in economic theory.”[1] Economic historian Randall E. Parker calls him the “Father of Modern Economics”,[2] and The New York Times considered him to be the “foremost academic economist of the 20th century.

The death of Paul a.Samuelson

He was born in Gary, Indiana, in 1915. He received the degree of Bachelor of Arts from Chicago University in 1935, and the degrees of Master of Arts in 1936, and Doctor of Philosophy in 1941 from Harvard University. He was a Social Science Research Council predoctoral fellow from 1935-1937, a member of the Society of Fellows, Harvard University, 1937-1940, and a Ford Foundation Research Fellow from 1958-1959. He received honorary Doctor of Laws degrees from Chicago University and Oberlin College in 1961, and from Indiana University and East Anglia University (Eng.) in 1966.

The significant economic people Paul a.samuelson died at home in 2009,12.3.,Totally 94 years old.

Paul a.Samuelson is the first Economist to get the Nobel Prize in USA.His masterpiece Economics was sold more than 4000 thousands with more than 40 kinds of languages.It is the hotest seller teching book.Due to his masterpiece,it brought the West economics to China first and make it develop faster and firmer.

Paul a.samuelson is everywhere in the economics field and he is honoured with perfect people.Associated Press said he brings the analytics method to economics to help Kennedy to make a famous Kennedy tax cuts,and write a great masterpiece.

Paul a.samuelson cousin is the economics suggestor of USA president Obama.And his brother Robert,sisiter Anita are also famous economists.

Samuelson worked in Massachusetts Institute of Technology.His death make a lot of students sad and unhappy.Massachusetts Institute of Technology president said:Samuelson change everything he touch.

The masterpiece of Paul a.samuelson

His Economics: An Introductory Analysis, first published in 1948, has become the best selling economics textbook of all time. The textbook has sold more than a million copies and has been translated into French, German, Italian, Hungarian, Polish, Korean, Portuguese, Spanish and Arabic. It is now in its fifth edition. “The book’s emphasis on different themes has changed with the changing of the nation’s economic problems,” wrote Business Week in 1959. “The first edition was dominated by the end-of-the-war worry that widespread unemployment would return… later editions put growing stress on fiscal and monetary controls over inflation. In the later editions Samuelson has worked toward what he calls a ‘neoclassical synthesis’ of ancient and modern economic findings. Briefly, his synthesis is that nations today can successfully control either depression or inflation by fiscal and monetary policies… Some economists feel that Samuelson’s book… is really his greatest contribution. It has gone a long way toward giving the world a common economic language.”

Paul a.samuelson Lessons for Kennedy

Mr. Samuelson explained Keynesian economics to American presidents, world leaders, members of Congress and the Federal Reserve Board, not to mention other economists. He was a consultant to the United States Treasury, the Bureau of the Budget and the President’s Council of Economic Advisers.

His most influential student was John F. Kennedy, whose first 40-minute class with Mr. Samuelson, after the 1960 election, was conducted on a rock by the beach at the family compound at Hyannis Port, Mass. Before class, there was lunch with politicians and Cambridge intellectuals aboard a yacht offshore. “I had expected a scrumptious meal,” Mr. Samuelson said. “We had franks and beans.”

As a member of the Kennedy campaign brain trust, Mr. Samuelson headed an economic task force for the candidate and held several private sessions on economics with him. Many would have a bearing on decisions made during the Kennedy administration.

Though Mr. Samuelson was President Kennedy’s first choice to become chairman of the Council of Economic Advisers, he refused, on principle, to take any government office because, he said, he did not want to put himself in a position in which he could not say and write what he believed.

After the 1960 election, he told the young president-elect that the nation was heading into a recession and that Kennedy should push through a tax cut to head it off. Kennedy was shocked.

“I’ve just campaigned on a platform of fiscal responsibility and balanced budgets and here you are telling me that the first thing I should do in office is to cut taxes?” Mr. Samuelson recalled, quoting the president.

Kennedy eventually accepted the professor’s advice and signaled his willingness to cut taxes, but he was assassinated before he could take action. His successor, Lyndon B. Johnson, carried out the plan, however, and the economy bounced back.

10 Great Articles of Paul a.samuelson

# Samuelson, Paul A., 2009. “A few remembrances of Friedrich von Hayek (1899-1992),” Journal of Economic Behavior & Organization, Elsevier, vol. 69(1), pages 1-4, January. [Downloadable!] (restricted)

# Paul Samuelson, 2009. “Recuerden a los que frenaron la recuperación de Estados Unidos,” Revista de Economía Institucional, Universidad Externado de Colombia – Facultad de Economía, vol. 11(20), pages 425-427, January-J. [Downloadable!]

# Paul Samuelson, 2009. “¿Estados Unidos puede sufrir “décadas perdidas” como las de Japón?,” Revista de Economía Institucional, Universidad Externado de Colombia – Facultad de Economía, vol. 11(20), pages 428-430, January-J. [Downloadable!]

# Anthony B. Atkinson & Sijbren Cnossen & Helen F. Ladd & Peter Mieszkowski & Pierre Pestieau & Paul A. Samuelson, 2008. “Commemorating Richard Musgrave (1910-2007),” FinanzArchiv: Public finance Analysis, Mohr Siebeck, Tübingen, vol. 64(2), pages 145-170, June. [Downloadable!] (restricted)

# Paul A. Samuelson, 2008. “Thoughts about the Phillips curve,” Conference Series ; [Proceedings], Federal Reserve Bank of Boston. [Downloadable!]

# Paul Samuelson, 2008. “Asymmetric or symmetric time preference and discounting in many facets of economic theory: A miscellany,” Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 107-114, December. [Downloadable!] (restricted)

# Attiat Ott & Robert Solow & Henry Aaron & Martin Feldstein & Oliver Oldman & Paul Samuelson, 2008. “A tribute to Richard Abel Musgrave,” Journal of Economics and Finance, Springer, vol. 32(4), pages 330-333, October. [Downloadable!] (restricted)

# Paul A. Samuelson, 2007. “Classical and Neoclassical harmonies and dissonances,” European Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 14(2), pages 243-271. [Downloadable!] (restricted)

# Samuelson, Paul A., 2006. “The pros and cons of globalization,” Japan and the World Economy, Elsevier, vol. 18(4), pages 592-594, December. [Downloadable!] (restricted)

# Samuelson, Paul A. & Etula, Erkko M., 2006. “Complete work-up of the one-sector scalar-capital theory of interest rate: Third installment auditing Sraffa’s never-completed “Critique of Modern Economic Theory”,” Japan and the World Economy, Elsevier, vol. 18(3), pages 331-356, August.

Other celebrity you may be interested in

Edgar Henry Schein

Edgar Henry Schein (born 1928), a professor at the MIT Sloan School of management, has made a notable mark on the field of organizational development in many areas, including career development, group process consultation, and Organizational culture. He is generally credited[by whom?] with inventing the term “Corporate Culture”……….

John Forbes Nash Jr

John Forbes Nash, Jr. (born June 13, 1928) is an American economist  and mathematician whose works in Game Theory, differential geometry, and partial differential equations have provided insight into the forces that govern chance and events inside complex systems in daily life. His theories are used in market economics……..