May 17 2010

Paul A. Samuelson, Economist

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century is another notable addition to our ‘High Achievers and Other Interesting People‘ category here at Jewish Achievement Blog.com.

His death in 2009 was announced by the Massachusetts Institute of Technology, which Mr. Samuelson helped build into one of the world’s great centers of graduate education in economics.

In receiving the Nobel Prize in 1970, Mr. Samuelson was credited with transforming his discipline from one that ruminates about economic issues to one that solves problems, answering questions about cause and effect with mathematical rigor and clarity.

When economists “sit down with a piece of paper to calculate or analyze something, you would have to say that no one was more important in providing the tools they use and the ideas that they employ than Paul Samuelson,” said Robert M. Solow, a fellow Nobel laureate and colleague of Mr. Samuelson’s at M.I.T.

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