Paul Samuelson Biography
Birthday: May 15, 1915 (Taurus)
Born In: Gary, Indiana, United States
American Economist Paul Anthony Samuelson was the winner ofthe Nobel Memorial Prize in Economic Sciences in 1970. Often referred to as the ‘Father of Modern Economics’, he pioneered the inclusion of mathematics with the theories ofeconomics.Before him,economics was taught based on verbal explanations and vague derivations. He introduced the language of mathematics to validate its theories and principles which justified economics as a science accommodating both logic and rationality. At a very young age he became an author and published several books: his best-seller ‘Economics: An Introductory Analysis’ broke all records and become the most recommended textbook for students around the globe. He was also appointed as an advisor for several American presidents. Above all, he was a professor beyond compare. His sincerity and pure love for the subject attracted scholars andaspiring economists from all around the world to join the Massachusetts Institute of Technology, where he dedicated several years of service. Today it has become the most reputed institute for the economic sciences, with the bulk of its reputation pinned to the achievements of Paul Samuelson.