Paul Samuelson

Paul Anthony Samuelson (English: Paul Anthony Samuelson, May 15, 1915 - December 13, 2009), was born in Gary, Indiana, United States. He was an economist specializing in mathematical economics, international trade, etc. He was one of the founders of the neoclassical comprehensive school. He was one of the important academic leaders in the promotion of the Keynesian school in the United States and a representative of the Saltwater School. Paul Samuelson entered the University of Chicago at the age of 16 and later received his PhD from Harvard University. He became an assistant professor of economics at MIT at the age of 25 and a full professor at the age of 32. In 1947, he proposed the comparative static economic analysis method in his book "Foundation of Economic Analysis" and won the John Bates Clark Award in the same year. "Economics - Introductory Analysis" was published in 1948. It was the second economics textbook in the United States that focused on the Keynesian school, and was also the first textbook to successfully promote the Keynesian school. It has become the best-selling economics textbook in history. It is now in its 19th edition, has been translated into 40 languages, and has sold nearly four million copies worldwide. He made the Economics Department of MIT a major economics center in the United States and cultivated many outstanding economists, such as Paul Krugman, Robert C. Merton, Joseph Stiglitz and others, many of whom would later win the Nobel Prize in Economics. Samuelson served as an economic adviser to Presidents John F. Kennedy and Johnson, and as an adviser to the U.S. Department of the Treasury and the President's Council of Economic Advisers. He once wrote a weekly column with Milton Friedman in Newsweek. The two discussed economic policy as supporters of the Keynesian school and the monetary school respectively. He won the second Nobel Prize in Economics in 1970 and was the first American scholar to win the Nobel Prize in Economics. Received the U.S. National Medal of Science in 1996.