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Nobel Prize-winning American economist and Fulbright New
Zealand alumnus Paul Samuelson died this week, aged 94.
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Paul Samuelson
Photo: MIT News Office/Donna Coveney |
Professor Samuelson was the first American to win the Nobel Prize in
Economics, in 1970, for his development of dynamic theory and stability
analysis, and his active contribution to raising the level of methodological
analysis in economic science.
Professor Samuelson visited New Zealand in 1973 as a Fulbright Distinguished
Lecturer to give seminars at the Universities of Auckland (on ‘New
Winds in Economics’) and Canterbury (on ‘Karl Marx as a Mathematical
Economist’).
His interest in research was equalled by that in teaching. The author
of the best-selling economics textbook of all time - Economics: An
introductory analysis - he also advised American presidents including
John F Kennedy, Lyndon B Johnson and Gerald Ford during his seven decade
career at MIT.
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