Monday, December 14, 2009

Paul Samuelson died the Nobel Prize of Economy

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The American Paul A. Samuelson, winner of the Nobel Prize of Economy and the National Medal of the Sciences, died yesterday in his house of Belmont (Massachusetts) at the age of 94.

It was known principally by his general defense of the method of the comparative statics in his book Essentials of the Economic analysis (1947).

His task consisted of leading basically to the economy for a long way from the literary exercise up to the scientific and mathematical discipline into which it has turned at present.

The work that did, without hyperbole, revolutionized numerous fields, including the public finance “, makes sure Alan Blinder, an ex-student of Samuelson, that he became a vice-president of the Federal Reservation.

He was one of the principal economists of the XXth century and he acted like adviser of the presidents John F. Kennedy and Lyndon B. Johnson.

Paul published his first work when he was 21 years old, A. David Wells gained the award in 1941 to write the best doctoral thesis in the University of Harvard in the economy, and it was rewarded by the medalist of Bats, John Clark, in 1947 granted annually by American Economic Association.

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