Paul Samuelson
Paul Samuelson (Gary, Indiana, 1915 - Belmont, Massachusetts, 2009) was an American economist. He studied at the University of Chicago, and Harvard University. In 1970 he received the Nobel Memorial Prize in Economic Sciences. Samuelson was the author of Foundations of Economic Analysis (1947), and a textbook, Economics, (1948); the last one a popular and influential book for students translated into forty-one languages and considered the the best-selling economics textbook in history.
Samuelson was essential to creating the Neoclassical economics, as a neo-Keynesian economist founder. He used mathematical methods developed for thermodynamics to the study of economics.
Samuelson spent most of his professional life at the Massachusetts Institute of Technology as a professor.
âThe work he did, with no hyperbole, revolutionized numerous fields, including public finance, international trade, and macroeconomicsâ, Alan Blinder.