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Paul Samuelson

Also known as Paul Anthony Samuelson, Paul A. Samuelson

American economist (1915–2009)

AI overview

Paul Samuelson was an American economist who lived from 1915 to 2009 and made major contributions to economic theory and teaching. He matters because his work and influential textbooks shaped how economics has been taught and understood for generations.

AI-generated from the Wikipedia summary — may contain errors.

Person · Open Library

Born: 1915
Died: 2009
Works: 86

Top works

Economic analysis of guaranteed wages
Introdução à análise econômica
A symposium on money, interest rates and economic activity ...
Theory of Value and Distribution in Economics
Economic Theory and Economic Thought

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Music · MusicBrainz

Type: Person

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Listeners · Last.fm

Listeners: 1
Total plays: 1

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Recent publications · Crossref

5 total works indexed

Nonparametric Estimation from Incomplete Observations
· 1958 · cited 70,588x
“Mini-mental state”
· 1975 · cited 67,758x
Research electronic data capture (REDCap)—A metadata-driven methodology and workflow process for providing translational research informatics support
· 2009 · cited 45,540x
Cytoscape: A Software Environment for Integrated Models of Biomolecular Interaction Networks
· 2003 · cited 44,768x
SciPy 1.0: fundamental algorithms for scientific computing in Python
· 2020 · cited 34,710x

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Quotes

“The General Theory caught most economists under the age of 35 with the unexpected virulence of a disease first attacking and decimating an isolated tribe of south sea islanders. Economists beyond 50 turned out to be quite immune to the ailment. With time, most economists in between began to run the fever, often without knowing or admitting their condition.”
“Science is not art. Yet, despite the lack of complete identity between art and science, there is much in common among different creative processes.”
“Just as Hegel is said to have understood his philosophy for the first time when he read its French translation, Vilfredo Pareto could have learned what it was he meant exactly to say when he read Bergson's 1938 classic.”
“I was lucky to enter economics in 1932. Analytical economics was poised for its take-off. I faced a lovely vacuum that young economists today can hardly imagine. So much remained to be done. Everything was still in an imperfect state. It was like fishing in a virgin lake: a whopper at every cast, but so many lovely new specimens that the palate never cloyed.”
“The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features. This fundamental principle of generalization by abstraction was enunicated by the eminent American mathematician E. H. Moore more than thirty years ago. It is the purpose of the pages that follow to work out its implication for theoretical and applied economics.”
“The general method involved may be very simply stated. In cases where the equilibrium values of our variables can be regarded as the solutions of an extremum (maximum or minimum) problem, it is often possible regardless of the number of variables involved to determine unambiguously the qualitative behavior of our solution values in respect to changes of parameters.”

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Wikidata facts

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Commons category: Paul Samuelson
date of birth: 1915-05-15
date of death: 2009-12-13
Erdős number: 5
name in native language: Paul Anthony Samuelson

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Article

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. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory".

Samuelson was one of the most influential economists of the latter half of the 20th century. In 1996, he was awarded the National Medal of Science. 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.