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- Beginning with the 1961 edition of his bestselling economics textbook, Paul Samuelson included a graphic displaying the comparative growth rates of the American and Soviet economies. Per this forecast, the Soviet gross national product would overtake the United States at some point between twenty-three and thirty-six years in the future.
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Aug 23, 2018 · According to Alex Tabarrok, Samuelson projected that, because of higher levels of investment driving faster economic growth, Soviet GNP would outpace that of the United States, perhaps as soon as 1984, but no later than 1997.
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Jan 10, 2020 · Beginning with the 1961 edition of his bestselling economics textbook, Paul Samuelson included a graphic displaying the comparative growth rates of the American and Soviet economies. Per this forecast, the Soviet gross national product would overtake the United States at some point between twenty-three and thirty-six years in the future.
Jan 4, 2010 · In the 1961 edition of his famous textbook of economic principles, Paul Samuelson wrote that GNP in the Soviet Union was about half that in the United States but the Soviet Union was growing faster.
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences.
Dec 13, 2009 · Paul Samuelson, the Nobel Prize-winning giant of modern Keynesian economics, died today at the age of 94. A few months ago, Atlantic Business writer Conor Clarke interviewed Samuelson about how...
Jan 8, 2020 · Whereas Samuelson’s ( 1964) growth chapter assumed a neoclassical production function according to the “conventional principle of diminishing returns” and constant returns to scale, “in dynamic economic development, the phenomenon of ‘increasing returns’ is to be expected” (ibid.: 761).
Samuelson developed trade theory from the equilibrium point of view, where one can do comparative analysis by changing parameters. An equi-librium viewpoint is optimal, so that one does not need concepts such as consumer surplus to measure benefits (see Samuelson 1990 [2011]: 931).
