Paul Samuelson's Legacy

@article{Dixit2012PaulSL,
  title={Paul Samuelson's Legacy},
  author={Avinash Dixit},
  journal={Annual Review of Economics},
  year={2012},
  volume={4},
  pages={1-31}
}
  • A. Dixit
  • Published 1 July 2012
  • Economics
  • Annual Review of Economics
Paul Samuelson is probably the most important economist of the second half of the twentieth century. His research publications; his introductory textbook; his articles on topical questions of economic policy; and his interactions with numerous students, colleagues, policy makers, and the wider public have all contributed to fundamental changes in economics as a science and as a profession. This article attempts to give a brief overview of his career spanning eight decades and to recapitulate… 

Figures from this paper

Paul Samuelson’s Ideology and Scientific Economics
  • J. Hammond
  • Economics
    Remaking Economics: Eminent Post-War Economists
  • 2019
Joseph Schumpeter defined ideology as a scientist’s prescientific vision from which scientific work proceeds. He argued that Keynes’s General Theory was the product of a long struggle to make his
Samuelson's Contributions to Population Theory and Overlapping Generations in Economics
  • Ronald D. Lee
  • Economics
    Remaking Economics: Eminent Post-War Economists
  • 2019
Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary theory, and the theory of age structured life cycles in economic equilibrium
The Samuelson and Solow Phillips Curve: Reply to Hoover
We appreciate the time, energy, and space Hoover (2015) has devoted to our paper. While we find his discussion interesting, much of it has little bearing on what we sought to accomplish. Hall and
The Early Years of the MIT PhD Program in Industrial Economics
The immediate postwar period witnessed not only a considerable expansion of economics graduate education in the United States but also its reformulation. Graduate education at MIT became more
MIT Graduate Networks: The Early Years
After World War II economists acquired increasing importance in the American society in general. Moreover, the production of economics PhDs in the United States increased substantially and became a
Price Theory
I argue that there exists a coherent and relevant tradition in economic thought that I label "price theory". I define it as neoclassical microeconomic analysis that reduces rich and often
Generalization of results and neoclassical rationality: unresolved controversies of behavioural economics methodology
  • R. Maialeh
  • Economics, Psychology
    Quality & Quantity
  • 2019
Many of behavioural economists have succumbed to misconception that economic models must be identified with observable reality. Therefore, behavioural approach enriches the sober neoclassical models
Equalized Factor Price and Integrated World Equilibrium
This paper derives a general equilibrium of the Heckscher-Ohlin model. The equalized factor price at the equilibrium is just the price that Dixit and Norman (1980) described in their Integrated World
...
1
2
...

References

SHOWING 1-10 OF 119 REFERENCES
The academic scribblers
This text offers a thoughtful summary of modern economic thought. It presents the story of economics through the lives of 12 major modern economists, beginning with Alfred Marshall and concluding
The Collected Scientific Papers of Paul A. Samuelson
"It is a measure of Professor Samuelson’s preeminence that the sheer scale of his work should be so much taken for granted," a reviewer for the Economist once observed, marking both Paul Samuelson’s
Economics: An Introductory Analysis
A rare reproduction of Nobel Prize Winner Paul Samuelson's original 1948 Classic economics textbook. For 50 years, Samuelson's Economics has been the standard-bearer for the field. Now in it's 16th
Samuelsonian Economics and the Twenty‐First Century
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,
Paul Samuelson and Financial Economics
own. I am delighted to take part in this celebration of his Ninetieth Birthday. This Volume provides a special opportunity to honor this universal man of economics as he enters his 10th decade. On
My Life Philosophy
Editor’s Introduction Originally published in Volume 27, Number 2, Fall 1983, pages 5-12. Nobel laureate Paul Samuelson (1915-2009) was one of the most influential economists of the twentieth
Anti-Samuelson
Having said this in a strong recommendation of the book, one or two reservations must be made . Firstly, many of the points are made at a highly generalised level . References are made to the
Diagrammatic Exposition of a Theory of Public Expenditure
In the November 1954 issue of the Review of Economics and Statistics my paper on ‘The Pure Theory of Public Expenditure’ presented a mathematical exposition of a public expenditure theory that goes
Notes on the Economics of Infinity
  • Karl Shell
  • Economics
    Journal of Political Economy
  • 1971
This is an attempt to expose the essence of Samuelson's consumption loan paradox. It is maintained that the double infinity of traders and dated commodities allows for competitive equilibria that are
Overlapping Generations Model of General Equilibrium
The consumption loan model that Paul Samuelson introduced in 1958 to analyse the rate of interest, with or without the social contrivance of money, has developed into what is without doubt the most
...
1
2
3
4
5
...