Paul A. Samuelson, whose analytical work laid the foundation for modern economics, died Sunday. He was 94. "Paul Samuelson was both a path-breaking and prolific economic theorist and one of the greatest teachers that economics has ever known," said Federal Reserve chairman Ben Bernanke, a former student of Mr. Samuelson's at the Massachusetts Institute of Technology. "I join with many other former students and colleagues of Paul's in mourning the passing of a titan of economics." Actively publishing into the 2000s, Mr. Samuelson's career in economics spanned eight decades. As a high school student in 1932, he wandered into an economics lecture at the University of Chicago and was enamored. But attending Chicago as an undergraduate, he became keenly aware, he said in an interview with The Wall Street Journal earlier this year, of the differences between what was being taught in the classroom and "what I heard out the windows and I heard from the street." In 1935 he went, despite his Chicago professors' protestations, to Harvard University for his graduate work. His 1941 Ph.D. thesis, later published as "Foundations of Economic Analysis," examined the mathematical structure underlying economics. The approach revolutionized the field.
Paul A. Samuelson, whose analytical work laid the foundation for modern economics, died Sunday. He was 94.
"Paul Samuelson was both a path-breaking and prolific economic theorist and one of the greatest teachers that economics has ever known," said Federal Reserve chairman Ben Bernanke, a former student of Mr. Samuelson's at the Massachusetts Institute of Technology. "I join with many other former students and colleagues of Paul's in mourning the passing of a titan of economics."
Actively publishing into the 2000s, Mr. Samuelson's career in economics spanned eight decades. As a high school student in 1932, he wandered into an economics lecture at the University of Chicago and was enamored. But attending Chicago as an undergraduate, he became keenly aware, he said in an interview with The Wall Street Journal earlier this year, of the differences between what was being taught in the classroom and "what I heard out the windows and I heard from the street."
In 1935 he went, despite his Chicago professors' protestations, to Harvard University for his graduate work. His 1941 Ph.D. thesis, later published as "Foundations of Economic Analysis," examined the mathematical structure underlying economics. The approach revolutionized the field.
Quality requires examination of desire.
But even the most uneducated, cretinous, or indigent individual is capable of employing this formula of reasoning to describe the finite universe through which he and she journey --if pressed by some detractractor.
The popularity of "economics" is assured for all time. Diversity is the key to economic and political evolution.
The Wall St. Journal is right out.
While I'm not a fan of 'talky-talk' clinical methodologies these have shown success in some cases.
Other treatments are somewhat more problematical as the APA hasn't validated a anti-economics psychopharmaceutical. Only limited, anecdotal, and ad-hoc studies have been conducted in this area.
Generally speaking, those suffering from NCE are high functioning and Cognitive Therapy offers them their best avenue to achieving mental health.
Of course most of the authors I cited as "good economics" are not even considered economics by heterodox economists... En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
Of course most of the authors I cited as "good economics" are not even considered economics by heterodox economists...
The other people you cite have been marginalised, not so much by later work, as by interests who prefer different truths. keep to the Fen Causeway
