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Dec 13, 2009 · Photo: Donna Coveney. MIT economist Paul A. Samuelson, the Nobel laureate whose mathematical analysis provided the foundation on which modern economics is built and whose textbook influenced generations of students, died today at his home in Belmont, Mass. He was 94.
In 1970 Paul Samuelson became the first American to receive the Nobel Prize in economics. It was awarded “for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science.”
Apr 4, 2024 · Paul Samuelson (born May 15, 1915, Gary, Indiana, U.S.—died December 13, 2009, Belmont, Massachusetts) was an American economist who was awarded the Nobel Prize in Economic Sciences in 1970 for his fundamental contributions to nearly all branches of economic theory.
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Samuelson died Sunday at his home in Belmont, Mass, at the age of 94. He was one of the nation's most distinguished economists, and in 1970 became the first American to win the Nobel Memorial Prize in Economic Sciences, not long before Friedman won his Nobel in 1976.
Samuelson was one of the last generalists to be incredibly productive in a number of fields in economics. He has contributed fundamental insights in consumer theory and welfare economics, international trade, finance theory, capital theory, dynamics and general equilibrium, and macroeconomics.
Dec 14, 2009 · The world lost one of the giants in modern economics Sunday when Nobel laureate Paul Samuelson died at his home in Belmont, Mass., at the age of 94. Samuelson became the first American to win a...
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