By Michael Szenberg, Lall Ramrattan, Aron A. Gottesman
This quantity illuminates and significantly assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the sphere of economics. the quantity contains contributions from eminent students, together with 6 Nobel Laureates, overlaying the extreme intensity and breadth of Samuelson's contributions. Samuelson, the 1st American economist to win the Nobel prize in 1970, was once the key voice in economics within the latter half the 20 th century. He single-handedly remodeled the self-discipline via making a new method of proposing economics, making it attainable for it to be forged all in mathematical terms.Samuelson built vast frameworks, resembling the neoclassical synthesis, a combined economic climate, and the surrogate creation functionality, which supplied practitioners with a imaginative and prescient for learn. Samuelson's contributions to economics are wealthy, complicated, consequential, and appropriate to the standard economics of existence. the standard of Samuelson's output and techniques go away without doubt that his contributions stay well timed and suitable even within the twenty first century. excellent as a reference or an creation to Samuelson's paintings, this can be a must-have for college kids and lecturers alike.