Paul Samuelson
Paul Samuelson (1915-2009) was an American economist and a recipient of the Nobel Memorial Prize in Economic Sciences in 1970. He is widely recognized for his contributions to modern economic theory, particularly in the areas of welfare economics, public goods, and the theory of consumer behavior. Samuelson's seminal textbook, 'Economics,' published in 1948, was one of the first to present economic concepts in a systematic and mathematically rigorous way, shaping economics education for generations. His famous quip, 'The market predicted ten of the last five recessions,' reflects his understanding of economic forecasting and market behavior.
Born on May 15, 1915 (110 years old)
Global Media Ratings
Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| Panama | 1 | 7.00 | 0.08% | +0% | 4,314,768 | 3,641 | $76,000 | 64$ |
| Totals | 1 | 4,314,768 | 3,641 | $76,000 | 64$ |
Interactive World Map
Each country's color is based on "Mentions" from the table above.
Recent Mentions
Panama:
Paul Samuelson is noted for his contributions to economic theory that justify state intervention in market failures.
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Argentina:
Paul Samuelson described the relationship discovered by Phillips as an 'amazing' tool for regulating the economy.
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Lithuania:
Nobel Prize laureate Paul Samuelson mathematically argued that state pension systems are necessary to reduce the economic burden in old age.
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Costa Rica:
Paul Samuelson predicted that the Soviet economy would surpass that of the United States.
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Venezuela:
Paul Samuelson is referenced for his prediction about the Soviet economy surpassing that of the United States.
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Italy:
Paul Samuelson taught at MIT alongside Stan Fischer.
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Spain:
Paul Samuelson noted that markets are ruthless and do not have a heart.
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Sweden:
Paul Samuelson called the principle of comparative advantages 'the best example of something that is undoubtedly true but still so hard to understand'.
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Australia:
Nobel laureate Paul Samuelson once said, 'investing should be more like watching paint dry or watching grass grow.'
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Spain:
Paul Samuelson popularized a simplified model that referred to the theoretical limit of an economy's resources.
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