This volume illuminates and critically assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the field of economics. The volume includes contributions from eminent scholars, including 6 Nobel Laureates, covering the extraordinary depth and breadth of Samuelson's contributions. Samuelson, the first American economist to win the Nobel prize in 1970, was the foremost voice in economics in the latter half of the 20th century. He single-handedly transformed the discipline by creating a new way of presenting economics, making it possible for it to be cast all in mathematical terms.
Samuelson developed broad frameworks, such as the neoclassical synthesis, a mixed economy, and the surrogate production function, which provided practitioners with a vision for research. Samuelson's contributions to economics are rich, complex, consequential, and relevant to the ordinary economics of life. The quality of Samuelson's output and methods leave no doubt that his contributions continue to be timely and relevant even in the 21st century. Ideal as a reference or an introduction to Samuelson's work, this is a must-have for students and academics alike.
Introduction
Ten Ways to Know Paul A. Samuelson
Analysis of Samuelson's Specific Contribution
Overlapping Generation Models
1. Overlapping Generations , Robert M. Solow
2. Paul Samuelson's Amazing Intergenerational Transfer , Laurence J. Kotlikoff
3. Social Security, the Government, and National Savings , Peter Diamond
Public Goods
4. Paul Samuelson and Global Public Goods , William D. Nordhaus
Preference and Consumer Behavior
5. Revealed Preference , Hal R. Varian
6. Samuelson's "Dr. Jekyll and Mrs. Jekyll" Problem: A Difficulty in the Concept of the Consumer , Robert A. Pollak
Marx
7. Paul Samuelson on Karl Marx: Were the Sacrificed Games of Tennis Worth It? , Geoff Harcourt
Stability
8. Paul Samuelson and the Stability of the General Equilibrium , Franklin Fisher
Keynes & Post-Keynesians
9. Paul Samuelson and Piero Sraffa- Two Prodigious Minds at the Opposite Poles , Luigi Pasinetti
10. Paul Samuelson as a "Keynesian" Economist , Lawrence R. Klein
11. Samuelson and the Keynesian/Post-Keynesian Revolution , Paul Davidson
International Economics and Finance
12. Paul Samuelson and International Trade Theory Over Eight Decades , Avinash Dixit
13. Paul Samuelson's Contributions to International Economics , Kenneth Rogoff
14. Protection and Real Wages: The Stopler-Samuelson Theorem , Rachel McCulloh
Finance and Portfolio Theory
15. Samuelson and the Factor Bias of Technology Change , Joseph E. Stiglitz
16. Samuelson and Investment for the Long Run , Harry M. Marowitz
17. Paul Samuelson and Financial Economics , Robert C. Merton
Samuelson's Relevance
Relevance to Mathematical Economics
18. Multipliers and the LeChatelier Principle , Paul Milgrom
Relevance to the Natural Sciences
19. The Surprising Ubiquity of the Samuelson Configuration , James B. Cooper and Thomas Russell
20. Paul Samuelson's Mach , Rod Cross
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