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Paul Samuelson’s contributions to trade theory and international economics are simply breath-taking. Virtually every undergraduate or graduate student, anywhere in the world, will be asked to understand his Stolper-Samuelson and factor-price equalization theorems. These theorems tell us, of course, why trade liberalization tends to benefit the

Economics is an introductory textbook by American economists Paul Samuelson and William Nordhaus. The textbook was first published in 1948, and has appeared in nineteen different editions, the most recent in 2009. It was the best selling economics textbook for many decades and still remains popular, selling over 300,000 copies of each edition ...

Nobel laureates Paul Samuelson, left of center, and Milton Friedman, firmly on the right, 1 had much more in common than not – they were both passionate believers in the efficiency and rightness of the supply-demand-price system, which is the organizing principle for any voluntary economy. They were friends and admired each other’s work.

The last of the great general economists died on December 13th, aged 94. “I WAS reborn, born as an economist, at 8.00am on January 2nd 1932, in the University of Chicago classroom,” wrote Paul ...

Yesterday we pointed to a post by Gary Smith, “Don’t worship math: Numbers don’t equal insight,” subtitled, “The unwarranted assumption that investing in stocks is like rolling dice has led to some erroneous conclusions and extraordinarily conservative advice,” that included a wonderful story that makes the legendary economist Paul Samuelson look like a pompous fool.

Originating from Gary, Indiana and growing up in Chicago, Paul Anthony Samuelson enrolled at the University of Chicago in 1932, and received his B.A. in 1935. He went on to enroll at Harvard, receiving his MA in 1936 and his Ph.D in 1941. His thesis would become the Foundations of Economic Analysis (1947). Samuelson was the wunderkind of the ...

Paul Samuelson. Paul Samuelson. Paul Anthony Samuelson ( May 15, 1915 – December 13, 2009) was an American economist. He was the first American to win the Nobel Prize in Economics .

Additional Product Information: Samuelson's text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles.