By Michael Szenberg, Lall Ramrattan, Aron A. Gottesman
This quantity illuminates and seriously assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the sector of economics. the quantity comprises contributions from eminent students, together with 6 Nobel Laureates, protecting the extreme intensity and breadth of Samuelson's contributions. Samuelson, the 1st American economist to win the Nobel prize in 1970, was once the major voice in economics within the latter half the twentieth century. He single-handedly remodeled the self-discipline by means of making a new approach of proposing economics, making it attainable for it to be forged all in mathematical terms.Samuelson constructed vast frameworks, comparable to the neoclassical synthesis, a combined economic climate, and the surrogate creation functionality, which supplied practitioners with a imaginative and prescient for study. Samuelson's contributions to economics are wealthy, complicated, consequential, and suitable to the normal economics of existence. the standard of Samuelson's output and techniques depart without doubt that his contributions stay well timed and suitable even within the twenty first century. perfect as a reference or an advent to Samuelson's paintings, it is a must-have for college students and teachers alike.