Paul A. Samuelson - Factbites

Paul A. Samuelson - Factbites
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Topic: Paul A. Samuelson

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	Paul SAMUELSON
		Paul Samuelson's many contributions to Neoclassical economic theory were recognized with a Nobel Memorial prize in 1970.
		"Play It Again: Paul Samuelson and the Spending Multiplier" by Mark Lovewell
		Samuelson was one of the progenitors of the Paretian revival in microeconomics and the Neo-Keynesian Synthesis in macroeconomics during the post-war period.
	cepa.newschool.edu /het/profiles/samuelson.htm (1205 words)

	Paul Anthony Samuelson, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		More than any other economist, Paul Samuelson raised the level of mathematical analysis in the profession.
		In a 1938 article Samuelson introduced the concept of "revealed preference." His goal was to be able to tell by observing a consumer's choices whether he or she was better off after a change in prices.
		Samuelson, in a 1954 article, was the first to attempt a rigorous definition of a public good.
	www.econlib.org /library/Enc/bios/Samuelson.html (1024 words)

	Economic Principals
		Paul Anthony Samuelson turned 90 last week, and the Massachusetts Institute of Technology (his long-time employer) and McGraw Hill Co. (his long-time publisher) threw him a grand party in Boston.
		Samuelson in those Newsweek columns is forever a spokesman for the research enterprise, for economics as a body of knowledge that accumulates.
		Samuelson himself designed the program, and, as usual, it centered on the topics that interested him, and artfully deflected attention from the history he had made himself.
	www.economicprincipals.com /issues/05.05.22.html (1654 words)

	"The Market Has No Heart": Paul Samuelson : SF Bay Area Indymedia
		Samuelson, born in 1915 as the son of a druggist in Gary, Indiana, studied at the University of Chicago and later at Harvard before be became an assistant professor at the Massachusetts Institute of Technology (MIT) in Cambridge near Boston in 1940.
		Samuelson: Perhaps 35 years ago I gave an address to the Ford board of directors and asked them: “Can you imagine that a Ford could be manufactured at a lower price somewhere else in the world?” I thought at that time of Toyota.
		Samuelson: To prevent misunderstandings, life in a globalized world on the whole means that material prosperity expands.
	www.indybay.org /news/2005/10/1773895.php (2320 words)

	Samuelson, Paul A. on Encyclopedia.com
		Samuelson, Paul A. [Samuelson, Paul A.] 1915-, American economist, b.
		Pictures and Maps for: Samuelson, Paul A. Results not found.
		In 1970, Samuelson received the Nobel Memorial Prize in Economic Sciences 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.
	www.encyclopedia.com /html/S/Samuelso.asp (513 words)

	The Perseverance of Paul Samuelson
		Samuelson's desire to homogenize mainstream economics into one grand "neo-classical synthesis" is evident in his "family tree of economics." Beginning with the fourth edition (1958, flap), the author created a genealogical diagram of economic thought from the Greeks to the present.
		Samuelson wrote:, "Disappearing to zero was, in my reconsidered judgment, an overshoot." He argued that Japan in 1992-94 could be viewed as a modern-day example of the paradox of thrift.
		To the extent that Samuelson's text has been a much-imitated leader among all principles textbooks, it is reasonable to ask how helpful these texts would have been in thinking about the issues of public debt, inflation, foreign competition, recession, unemployment and taxes that have challenged the public over the past 50 years.
	www.mskousen.com /Books/Articles/perserverance.html (5993 words)

	Samuelson's Poor Economics
		Paul Samuelson is still perhaps the preeminent representative of the contemporary approach in academic economic theory.
		Paul Samuelson's mathematical ecoomic theory has not proved reliable in predicting economic activity either at a point in time or over time.
		The fundamental problem in Samuelson's approach -- and that of 20th century academic economic theory generally -- is that it assumes economic activity is susceptible to the sort of precision that exists in the physical sciences.
	freedomkeys.com /samuelson.htm (1390 words)

	Online NewsHour: How Good is Our Economy -- June 23, 1997
		PAUL SAMUELSON: Well, Pat Buchanan, who is not a deep-thinking economist, touched a nerve in the Republican Party and in the country at large that people have a scared feeling in the pit of their stomachs.
		PAUL SAMUELSON: Since you brought up the French, I have to tell you that my heart sank when I heard the words of the new French prime minister and what the French proposal was to get France out of their problem.
		PAUL SOLMAN: Last week President Clinton kicked off the economic summit in Denver with effusive praise for the American economy, which he was pushing as a model for the whole world.
	www.pbs.org /newshour/bb/economy/june97/economy_6-23.html (1802 words)

	EconLog, Paul Samuelson, Arnold Kling: Library of Economics and Liberty
		Samuelson belonged to a generation of economists whose leading lights were as brilliant as the top stars in any field.
		Samuelson's accomplishments are probably worth 2-1/2 times those of the average Nobel Prize winner in economics.
		My version of what Samuelson described of Austrian capital theory is given as part of my essay on The Sect of Austrian Economics.
	econlog.econlib.org /archives/2004/09/paul_samuelson.html (1967 words)

	Paul A. Samuelson - Biography
		Samuelson now showed, partly in cooperation with Robert Solow, that it is possible to develop a logical capital theory - and to speak about a well-defined price of capital - even without adopting such an aggregate concept of capital.
		What Samuelson has done here is, in particular, to specify the conditions under which an economic system is stable, in the sense that it tends to return by itself to equilibrium after a disturbance.
		This is, in fact, an application of Samuelson's famous "correspondence principle", whereby a bridge was built between static and dynamic analysis, which earlier had usually been regarded as two completely different methods of analysis.
	www.geocities.com /gfh_axds_as/zax/samuelson-bio-press.html (2663 words)

	Sizing up Samuelson - Mises Institute
		Samuelson and most other texts get larger each edition because they are written as compendia of received economic opinion at the time of publication.
		Samuelson concluded the preface to his new edition by asserting, in his typically breezy style: "My envy goes out to the reader, setting out to explore the exciting world of economics for the first time.
		The central feature of Samuelson's new ninth edition, as contrasted to the eighth, is his sincere attempt to dilute the aggressive and monolithic middle-of-the roadism that marked his previous editions.
	www.mises.org /fullstory.aspx?control=1542 (1832 words)

	Stolper-Samuelson theorem - Wikipedia, the free encyclopedia
		It was derived in 1941 from within the framework of the Heckscher-Ohlin model by Paul Samuelson and Wolfgang Stolper, but has subsequently been derived in less restricted models.
		The theorem states that — under some economic assumptions — a rise in the relative price of a good will lead to a rise in the return to that factor which is used most intensively in the production of the good, and conversely, to a fall in the return to the other factor.
		As a term, it is applied to all cases where the effect is seen.
	en.wikipedia.org /wiki/Stolper-Samuelson_theorem (339 words)

	Paul Samuelson Attacks a Dogma : LA IMC
		Paul A. Samuelson’s objection can be seen as a warning of the results of the spontaneous approach to the worldwide division of labor and international exchange determined by narrow economic utility.
		Samuelson’s recent spectacular objection can be understood as a warning about ignoring regional economic cycles and the domestic market in which 80% of German employees are engaged for example.
		Samuelson’s thesis urges reexamining the nearly 200-year old theory of comparative cost advantage (1817/1979) named after the classical English economist David Ricardo.
	la.indymedia.org /news/2005/11/139882.php (1808 words)

	Samuelson, Paul
		The Collected Scientific Papers of Paul A. Samuelson was published in five volumes between 1966 and 1986.
		Samuelson studied such diverse fields as the dynamics and stability of economic systems, the incorporation of the theory of international trade into that of general economic equilibrium, the analysis of public goods, capital theory, welfare economics, and public expenditure.
		Samuelson was educated at the University of Chicago (B.A., 1935) and at Harvard, where he obtained his Ph.D. in 1941.
	www.britannica.com /nobel/micro/522_4.html (238 words)

	Amazon.com: Paul A. Samuelson: On Being an Economist: Books: Michael Szenberg,A Gottesman,Lall Ramrattan,Joseph E Stiglitz
		Paul Samuelson: On Being an Economist is a concise profile of this original thinker whose forceful, profound, skeptical and expansive intellect drove one of the fundamental transformations of twentieth-century economic theory.
		PAUL A. SAMUELSON was ubiquitous in twentieth century American economic cultureâ”he was a policy maker, a columnist for Newsweek Magazine, and renowned for the many editions of his famous textbook, Economics.
		Paul Samuelson has personified mainstream economics and is undeniably a great economist.
	www.amazon.com /exec/obidos/tg/detail/-/097426153X?v=glance (1295 words)

	No Relation No. 8 Couper Samuelson
		Paul A. is, however, the uncle of another economist, Lawrence Summers, the current Treasury secretary.
		They do not share the same last name because Paul A.'s brothers (Robert, an economics professor at the University of Pennsylvania, and Harold) changed their surnames to Summers for fear that their respective careers might be marred by the anti-Semitism that their birth name engendered.
		Larry Samuelson, an economist at the University of Wisconsin and no relation of any economist Samuelson, is no doubt grateful for Larry Summers' father's decision to change his name.
	www.slate.com /id/1005629 (403 words)

	Online NewsHour: Interest Rates on the Rise? -- May 14, 2004
		PAUL SOLMAN: Indeed, Professor Samuelson says, the other side of the coin is that Americans seem to be getting jobs again, which might mean we'll soon be using all our resources, so one factor sparking inflation is that we may be on our way back to full capacity.
		PAUL SAMUELSON: Well, if you forget about inflation, thinking that something is taking care of it, then you're going to learn the hard way that it's going to come back.
		Correspondent Paul Solman speaks with economists Nick Perna and Paul Samuelson about the Federal Reserve's role in managing interest rates and inflation.
	www.pbs.org /newshour/bb/economy/jan-june04/rates_05-14-04.html (1513 words)

	NewStandard: 3/2/98
		Samuelson's "Economics" has been acclaimed for its conversational and uncondescending style in explaining macroeconomics, the theory of how forces work together to allow some economies to collapse and others to flourish.
		Samuelson is quick to note that the book has been far from perfect.
		Students at the Massachusetts Institute of Technology were required to take economics in their junior year, but none of the books available could hold their attention.
	www.s-t.com /daily/03-98/03-02-98/a08bu039.htm (524 words)

	Paul A. Samuelson at IDEAS
		Dornbusch, Rudiger & Fischer, Stanley & Samuelson, Paul A, 1977.
		Dornbusch, Rudiger & Fischer, Stanley & Samuelson, Paul A, 1980.
		Postal Address: Paul A. Samuelson obtained the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1970.
	ideas.repec.org /e/psa57.html (2350 words)

	danieldrezner.com :: Daniel W. Drezner :: Paul Samuelson's outsourcing "bombshell"
		3) Paul Samuelson is way, way, way, way, way, way, way smarter than I am.
		At 89, Paul A. Samuelson, the Nobel Prize-winning economist and professor emeritus at the Massachusetts Institute of Technology, still seems to have plenty of intellectual edge and the ability to antagonize and amuse.
		Samuelson, who calls himself a "centrist Democrat," said his analysis did not come with a recipe of policy steps, and he emphasized that it was not meant as a justification for protectionist measures....
	www.danieldrezner.com /archives/001619.html (6070 words)

	Economist Paul Samuelson of MIT to Receive National Medal of Science - MIT News Office
		CAMBRIDGE, Mass.-Professor Paul A. Samuelson of the Massachusetts Institute of Technology, the Nobel laureate internationally noted for establishing the agenda of modern economics and developing the scientific tools to analyze its components, has been selected by President Clinton as one of eight recipients of the National Medal of Science this year.
		Economist Paul Samuelson of MIT to Receive National Medal of Science
		Professor Samuelson, who celebrated his 81st birthday May 15, was born in Gary, Ind., went to high school and college in Chicago, and received the BA from the University of Chicago (1935) and the MA (1936) and the PhD (1941) from Harvard.
	web.mit.edu /newsoffice/1996/samuelson.html (887 words)

	Essays & Articles by David G. Allen
		Paul Samuelson said it best: "The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach.
		Paul Samuelson, the Nobel economist, most probably wrote the economics textbook that you studied.
		However, Paul Samuelson believes that David Ricardo’s famed treatise on comparative advantage is the one great truth in economics.
	www.appaltree.net /sa/2004/energy_costs_10_15_04.htm (740 words)

	Paul Samuelson on offshore outsourcing: Corante > Outsourcing >
		Paul Samuelson, the eminent MIT Nobelist in economics, recently published an article in the Journal of Economic Perspectives that, according to the New York Times, is a:
		Sure, Samuelson writes, the mainstream economists acknowledge that some people will gain and others will suffer in the short term, but they quickly add that "the gains of the American winners are big enough to more than compensate for the losers."
		In an interview last week, Samuelson said he had written the article to "set the record straight" because "the mainstream defenses of globalization were much too simple a statement of the problem."
	www.corante.com /outsourcing/archives/paul_samuelson_on_offshore_outsourcing.php (709 words)

	Paul A Samuelson Winner of the 1970 Nobel Prize in Economics
		Paul A Samuelson Winner of the 1970 Nobel Prize in Economics
		A Biographical Sketch of Paul A. Samuelson (submitted by Laura Forgette)
		Paul A. Samuelson — Biography (submitted by Martin)
	www.almaz.com /nobel/economics/1970a.html (150 words)

	Mises Economics Blog: Paul Samuelson vs. Outsourcing
		Samuelson does not see it this way, but then he is being logically inconsistent: If he does not like outsourcing, then he should lobby to close each state's frontiers so goods cannot be traded between them, lest jobs are outsourced from, lets say, Conneticut to California.
		Samuelson asserts in an article for the Journal of Economic Perspectives, is the assumption that the laws of economics dictate that the American economy will benefit in the long run from all forms of international trade, including the outsourcing abroad of call-center and software programming jobs."
		Posted by: Francisco Torres at September 10, 2004 10:12 AM Also note: To claim that the utility gain to "society" is greater by preventing the most marginal increment of free trade whatsoever is to claim that the utility gain of the theif outweighs the utility loss of the victim.
	blog.mises.org /blog/archives/002463.asp (6780 words)

	Armchair Millionaire: Common sense saving and investing
		Paul Samuelson: I have refused to be a director of mutual funds, though I've been asked many times.
		The Armchair Millionaire recently sat down with Professor Samuelson and asked him how an individual can invest intelligently in today's economy.
		The Armchair Millionaire: Your background is the study of markets and economic principles.
	www.armchairmillionaire.com /features/samuelson/q&a.shtml (566 words)

	On Point : Paul Samuelson: Rethinking Free Trade - Paul Samuelson: Rethinking Free Trade
		Paul Samuelson, winner of the 1970 Nobel Prize in Economics.
		Hear a discussion with Paul Samuelson on the case against unbridled free trade.
		Nobel Prize-winning economist Paul Samuelson is challenging conventional "win-win" assumptions about free trade.
	www.onpointradio.org /shows/2004/09/20040927_b_main.asp (282 words)

	NYU Stern
		On April 8, NYU Stern's Japan-US Center hosted a discussion in recognition of Nobel Laureate Paul A. Samuelson, noted economic theorist, professor and author.
		Samuelson is in his 19th and final year as Shinsei Bank Visiting Professor at NYU Stern's Japan- US Center, which is celebrating its 20th anniversary this year.
		The panelists, distinguished economists from leading universities including two Nobel Prize winners, all studied with Samuelson at MIT and shared personal stories of his teachings and influence on their contributions to the field.
	w4.stern.nyu.edu /news/news.cfm?doc_id=4384 (365 words)

	Samuelson celebrates 90th - MIT News Office
		Friends and former students gathered to honor economist Paul A. Samuelson, Institute Professor emeritus and 1970 Nobel laureate, on his 90th birthday May 15 at Boston's Fairmont Copley Plaza Hotel.
		Economics in MIT's fourth school - Paul Samuelson contemplates the study of economics at MIT - MIT Soundings, 2000
		Paul A. Samuelson - Nobel Award 1970; biography, prize lecture, articles
	web.mit.edu /newsoffice/2005/samuelson.html (233 words)

	danieldrezner.com :: Daniel W. Drezner :: Paul Samuelson's mistake about offshore outsourcing
		For exhibit A on all this, consider Paul Samuelson's recent contribution to the outsourcing debate.
		Samuelson employs the standard Ricardian model, which assumes two countries (called America and China), two goods (called 1 and 2) and one factor of production (called labor).
		For James Fallows, a liberal-leaning critic of Washington's blink-first style in trade diplomacy, Samuelson's analysis is a call to policy-makers to break free from utopian theories and, instead, take a hard look at the real world.
	www.danieldrezner.com /archives/001643.html (3689 words)

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