Paul Samuelson’s profile picture

Paul Samuelson

Economist
Paul Samuelson’s profile picture
Net worth 2018: $19 Million
Residence: Gary
Country: United States
BirthDay: 15 May 1915
Sigh: Gemini
Died On: December 13, 2009
Education: Hyde Park High School, Chicago (1931), BA Economics, University of Chicago (1935), MA Economics, Harvard University (1936), PhD Economics, Harvard University (1941)
BIOGRAPHY

Paul Samuelson was bornon 15 May 1915 in Gary, American, is Economist. American EconomiSt Paul Anthony Samuelson was the winner ofthe Nobel Memorial Prize in Economic Sciences in 1970. Often referred to as the ‘Father of Modern Economics’, he pioneered the inclusion of mathematics with the theories ofeconomics.Before him,economics was taught based on verbal explanations and vague derivations. He introduced the language of mathematics to validate its theories and principles which justified economics as a science accommodating both logic and rationality. At a very young age he became an author and published several books: his best-seller ‘Economics: An Introductory Analysis’ broke all records and become the most recommended textbook for students around the globe. He was also appointed as an advisor for several American presidents. Above all, he was a professor beyond compare. His sincerity and pure love for the subject attracted scholars andaspiring economists from all around the world to join the Massachusetts Institute of Technology, where he dedicated several years of service. Today it has become the most reputed institute for the economic sciences, with the bulk of its reputation pinned to the achievements of Paul Samuelson.

TIMELINE
2009

Samuelson died on the 13 December 2009 at 94 following ashort term illness

2007

He was also the noteworthy co-editor of ‘Inside the economist’s Mind’ published in 2007 alongside William A

1978

Marion died in 1978; he later married Risha Clay Samuelson but didn’t have any children with her

1948

Though his first book received commendable approval from economists around the world, it was his second book ‘Economics: An Introductory Analysis’ that was hailed in 1948

1938

Samuelson married his classmate Marion Crawford in 1938

1936

He was awarded his master’s degree a year later in 1936

1935

Soon after his graduation in 1935, he went on to pursue his Masters of Arts where his flair for the subject intensified

1923

His father encountered major financial strain after the war ended and in order to seek better opportunities, Frank took his wife and sons and moved to Chicago in 1923

1915

Paul Anthony Samuelson was born in Indiana on 15 May 1915 to a pharmacist father, Frank Samuelson, and a caring mother, Ella Lipton, during World War I

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