Paul A. Samuelson

Samuelson, Paul Anthony

Paul Anthony Samuelson, 1915–2009, American economist, b. Gary, Ind., grad. Univ. of Chicago (B.A., 1935), Harvard (M.A., 1936; Ph.D., 1941). Appointed a professor of economics at the Massachusetts Institute of Technology in 1941, he later (1966) became institute professor, the highest professorial rank at the school. A liberal and a supporter of applied Keynesian economics, Samuelson held a variety of governmental positions. He was a consultant to the National Resources Planning Board (1941–43) and the U.S. Treasury (1945–52). As an adviser to Presidents Kennedy and Johnson, he helped shape tax legislation and antipoverty efforts in the 1960s; he also tutored other American and world leaders in liberal economic principles. In 1970, Samuelson was the first American to receive the Nobel Memorial Prize in Economic Sciences, awarded on behalf of his efforts to "raise the level of scientific analysis in economic theory." His contributions to the systematization of economic theory's underlying mathematical structure are probably unequaled by any other 20th-century economist, and he developed a large number of groundbreaking theorems that contributed enormously to contemporary economic thought and practice. His introductory textbook, Economics (18th ed. 2005), now coauthored with W. Nordhaus, is a standard work in its field; it has introduced generations of students to Keynsian economics (see Keynes, John Maynard). Originally published in 1948, it has been widely translated. His other writings include Foundations of Economic Analysis (1947, enl. ed. 1983), Collected Scientific Papers (3 vol., 1966), and numerous articles in Newsweek magazine, to which he was a longtime contributing editor and columnist.

The Columbia Encyclopedia, 6th ed. Copyright© 2014, The Columbia University Press.

Paul A. Samuelson: Selected full-text books and articles

Paul Samuelson and Financial Economics
Merton, Robert C.
American Economist, Vol. 50, No. 2, Fall 2006
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
The Vices of Economists, the Virtues of the Bourgeoisie
Deirdre N. McCloskey.
Amsterdam University Press, 1996
Frontiers of Economics: Nobel Laureates of the Twentieth Century
Abu N. M. Wahid.
Greenwood Press, 2002
Librarian’s tip: Chap. 4 "Paul Samuelson (1915-): An Economist's Economist and the Laureate of 1970"
Beyond Positivism: Economic Methodology in the Twentieth Century
Bruce J. Caldwell.
Routledge, 1994 (Revised edition)
Librarian’s tip: Chap. 9 "Samuelson - Operationalism, Descriptivism, and Explanation in Economics"
Paul Samuelson and the Dual Pasinetti Theory
Ramrattan, Lall; Szenberg, Michael.
American Economist, Vol. 51, No. 2, Fall 2007
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
A 'Giant of Record'
Perlman, Mark.
American Economist, Vol. 51, No. 2, Fall 2007
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Theorists of Economic Growth from David Hume to the Present: With a Perspective on the Next Century
W. W. Rostow; Michael Kennedy.
Oxford University Press, 1990
Librarian’s tip: "Alvin Hansen (1887-1975) and the Young Paul Samuelson (1915-)" begins on p. 296
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