Paul Samuelson was among the most influential economists in modern history.
After Keynes and Friedman, at the moment I can't think of any economist with more sweeping and enduring influence. In some ways his contributions were deeper than Keynes and Friedman. He developed the modern structure of economics--not just how we think the economy works, but how think about how the economy works, particularly the way economists use mathematics.
He will be sorely missed.
Update: Krugman's tribute
Another update: Krugman summarizes some of Samuelson's biggest contributions. I did not know Samuelson was the source of some of these. Amazing...
Sunday, December 13, 2009
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