Economist

Paul Samuelson

Paul Samuelson

Born:

Paul Samuelson was an American Economist born on 15 May 1915, In Gary Indiana U.S.

Family Background:

He was the son of Frank Samuelson and his wife Ella Lipton Samuelson. His father was Pharmacist. He had one brother, Robert Sommers.

personal Life:

In 1938, He had married his classmate Marion Crawford. They had six children, Last three was triplet boys. Jane, Margaret, William, Robert, John, and Paul are their children’s name.

Education:

He received his High school education from Hyde Park High School. In 1935, He entered the University of Chicago and obtained the Bachelor of Arts degree. In 1935, He received the Masters of Arts degree.

Career:

After completing his master degree, He had been awarded his master’s degree in 1936. In 1940, He had joined the Harvard University, Where he had researched and later initiate his own studies and awarded a Ph.D. degree. After completing his Ph.D. he had received an offer from Massachusetts Institute of Technology. Where he had been appointed as assistant professor. In 1944, He made a member of Radiation Laboratory, where he had developed computers to track aircraft.and also worked part-time as  International Economic Relations professor at the Fletcher School of Law and Diplomacy. In 1965, He had been made President of International Economics Association. In the year 1966, He had been made an Institute professor, Which was the most honorable post of a faculty member in Massachusetts. He wanted to make economics more viable. He published his publication titled “Foundations of Economic Analysis”. After receiving the commercial approved for his first book, He had published the second book named “Economics: An Introductory Analysis”.

On 13 December 2009 at the age of 94, Paul died after the brief illness, In Belmont, Massachusetts, US.

Unknown Facts:

  • He was born into the Jewish family.
  • His middle name was Anthony.

Master Stroke:

  • From 1945 to 1952, He had worked as an advisor to the United State Treasury.

Awards and Achievements:

  • In 1941, He received the “David A. Wells” award.
  • In 1947, He received the John Bates Clark Medal.
  • In 1970, He was given Sveriges Riksbank Prize in Economic Sciences.
  • He received the Nobel Memorial Prize in Economic Science.

What can we learn from him??

Like Paul Samuelson, Do your work yourself. Always be helpful to other.

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