This presentation is all about Paul Anthony Samuelson

1. PAULA. SAMUELSON

3. PAUL ANTHONY SAMUELSON
 Was born in May 15, 1915, in Gary Indiana
 Died on December 13, 2009 in Belmont,
Massachusetts,US
 Samuelson entered the university of Chicago as a
16 years-old, later claiming that he was “born as
an economist on January 2, 1932”.
 Professor of Economics at the Massachusetts
Institute of technology.
 With interest that range from mathematical
economics down to current financial journalism.
His real interests are research and teaching.

4.  His work in economic theory has been in modern welfare
economics, linear programming, Keynesian economics,
Consumer Theory, Finance Theory, Capital Theory,
microeconomics, economics dynamics, international
trade theory, logic choice and maximization.
 Professor Samuelson calls himself ‘a “modern”
economic…in the right wing of the Democratic New Deal
economist.”
 Paul Samuelson used mathematics to formulate
influential economic theories and, in 1970, became the
first American to win the Novel Price in Economic
Sciences
 Samuelson demonstrated that free market theories, were
applicable during times od economic stability, but
government measures, such as tax cuts, were otherwise
needed to overcome inefficiencies and provides
stimulation.

5. Samuelson demonstrated that free market
theories, were applicable during times od
economic stability, but government measures,
such as tax cuts, were otherwise needed to
overcome inefficiencies and provides stimulation
 He also served as a consultant for several
government division over the course of his
career, including the National Resources
Planning Board, the Bureau of the Budget and
the United States Treasury and Samuelson
became a trusted adviser to President John F.
Kennedy.

6. CONTRIBUTIONS OF PAUL
SAMUELSON IN ECONOMICS
1. Theory of revealed Preference
2. Business cycles
3. Social welfare function
4. Samuelsson's Utility Possibility
Approach
5. Inflation

7. BOOKS
The Foundations of Economic of Analysis
Economics
- first published in 1948
- was the nation’s best-selling
textbook for nearly 30 years
- translated into 20 language, it was
50,000 copies a year a half century
after it first appeared.

8. FAMOUS QUOTES
“Economic are said to disagree too much but in
ways that are too much alike; If eight sleep in the
same bed, you can be sure that, like Eskimos,
when they turn over, they’ll will all turn over
together “
“ I don’t care who writes a nation’s laws- or crafts
its advanced treatises- if I can write economics
textbooks,”

9. References:
http://www.nobelprize.org/nobel_prizes/economic-
sciences/laureates/1970/samuelson-bio.html
https://www.biography.com/people/paul-samuelson-
39034
https://alchetron.com/Paul-Samuelson-1027835-W
http://www.azquotes.com/author/12933-
Paul_Samuelson
https://www.biography.com/people/paul-samuelson-
39034
http://econpapers.repec.org/paper/risnobelp/1970_5f0
02.htm