Tagged: paul samuelson

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...

Franco Modigliani: Life-long Keynesian

Modigliani was a famous fan of the Keynesian school of economic thought. There was a cartoon on his office door which said, “With your permission, gentlemen, I’d like to offer a kind word on behalf of John Maynard Keynes.”