Tagged: Nobel Prize Laureate

Paul A. Samuelson

Paul A. Samuelson: Cafeteria Keynesian

  Paul A. Samuelson was born in 1915 in Indiana. When he was a little boy, his parents moved to Chicago, therefore he went to school there. He also pursued his bachelor studies in mathematics at University of Chicago. Then, he went to Harvard and received his masters in 1936 and his Ph.D. in 1941 from there. His doctoral thesis, as many believe, laid the fundamental basis for the integration of economics and mathematics. Upon graduation from Harvard, he started his career at MIT and remained there for the rest of his professional career. Throughout his lifetime, he always sought...

Kenneth Arrow

  Kenneth Arrow was born in New York in 1921. When Kenneth was in high school, he developed a profound interest in mathematics and logic. Then, he entered City College of New York and studied mathematics, logic and statistics. After graduation he enrolled at Columbia University to study mathematical statistics and finished with an MA in mathematics in 1941. Although his academic career was interrupted by World War II, Arrow continued his education after the war and received his PhD in economics in 1951 from the same university. His dissertation was “Social Choice and Individual Values”. This dissertation made way...

Milton Friedman

  Milton Friedman was born in New York in 1912. As a kid, he showed great enthusiasm to study mathematics and wanted to become an insurance actuary. While in college, he developed an interest in economics and therefore pursued graduate studies in economics in University of Chicago and later got his Ph.D. from Columbia University.     In 1967 he became president of the American Economic Association. It was also during this period that Friedman became an adviser to President Richard Nixon. In 1976, he won the Nobel Prize in economics for his achievements in the field of consumption function...