Paul Samuelson died he was 94

Paul Anthony Samuelson died he was 94. Samuelson was an American economist known for his contributions to many fields of economics, beginning with his general statement of the comparative statics method in his 1947 book Foundations of Economic Analysis. Samuelson was awarded the John Bates Clark Medal in 1947 and was sole recipient of the Nobel Memorial Prize in Economic Sciences in 1970, the second year of the Prize.^[2]

(May 15, 1915 – December 13, 2009[1])

Samuelson was born in Gary, Indiana on May 15, 1915. In 1923 Samuelson moved to Chicago; he studied at the University of Chicago and received his Bachelor of Arts degree there in 1935. He then completed his Master of Arts degree in 1936, and his Doctor of Philosophy in 1941 at Harvard University. As a graduate student at Harvard, Samuelson studied economics under Joseph Schumpeter, Wassily Leontief, Gottfried Haberler, and the "American Keynes" Alvin Hansen. Samuelson comes from a family of well-known economists, including brother Robert Summers, sister-in-law Anita Summers, and nephew Larry Summers.

Samuelson is considered one of the founders of neo-Keynesian economics and a seminal figure in the development of neoclassical economics. The following is an excerpt on the reasons for awarding him the Nobel Memorial Prize in Economic Sciences:

More than any other contemporary economist, Samuelson has helped to raise the general analytical and methodological level in economic science. He has simply rewritten considerable parts of economic theory. He has also shown the fundamental unity of both the problems and analytical techniques in economics, partly by a systematic application of the methodology of maximization for a broad set of problems. This means that Samuelson's contributions range over a large number of different fields.

He was also essential to creating the Neoclassical synthesis, which incorporates Keynesian principles with neoclassical principles and dominates current mainstream economics. In 2003, Samuelson was one of the 10 Nobel Prize winning economists signing the Economists' statement opposing the Bush tax cuts.^[6]

He died on December 13, 2009, at the age of 94.

His professional positions include:

• Coming to M.I.T. in 1940 as an Assistant Professor of Economics and was appointed Associate Professor in 1944.
• Serving as a staff member of the Radiation Laboratory from 1944 to 1945
• Professor of International Economic Relations (part-time) at the Fletcher School of Law and Diplomacy in 1945.
• Professor at M.I.T. in 1947 and then an Institute Professor.
• Guggenheim Fellow from 1948 to 1949.

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