Paul A. Samuelson

Paul A. Samuelson Paul Samuelson was born in Gary, Indiana in 1915. He was not the best of students; in fact, he made no impact at all until he got to college. Although he was an underachiever in high school, Samuelson became one of the greatest economists of the twentieth century. Samuelson completed his undergraduate studies at the University of Chicago. Afterwards he considered going to Columbia for his graduate work, but chose to go to …

…diagrammatic approach popularized by Alfred Marshall. Samuelson showed economists more subtle kinds of mathematical reasoning. It was this approach that won him the Nobel Prize. Samuelson has contributed to almost every branch of economics. He was the first American to ever win the Nobel Prize in Economics, was the principal founder of the concept of neoclassical economics, made many contributions to mathematical economic theory, and held many positions in which his opinion was highly respected.