I have been overpaid to do what has been pure fun.
December 13, 2009 1:44 PM Subscribe
posted by l33tpolicywonk (15 comments total)
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Economist Paul Samuelson
- a major proponent of Keynesianism in the United States and the second Nobel Laureate in Economics
- has died
Samuelson's Foundations of Economic Analysis
was among the first to use index numbers. The Samuelson-Mishi condition
finds the most efficient provision of public goods vis a vis private ones. Among Kennedy's chief economic advisors, Samuelson is frequently recognized for encouraging Kennedy to pursue tax cuts early in his term to stimulate the economy. Samuelson was famous for saying: “I don’t care who writes a nation’s laws — or crafts its advanced treatises — if I can write its economics textbooks.” His, Economics
, has sold roughly 50,000 copies a year in recent years.
Reactions from Paul Krugman
, Ricardo Caballero
, Lawrence Summers (Samuelson's nephew), Ben Bernanke, Robert Lucas, George Akerlof, and others.