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Contribution of Paul A Samuelson To The World of Economics PDF

6 Pages·2011·English
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by ['Jared Makori']| 2011| 6 pages| English

About Contribution of Paul A Samuelson To The World of Economics

1) Paul Samuelson was the first American to win the Nobel Memorial Prize in Economics in 1970. He published the most successful economics textbook of all time and made major contributions to welfare economics, Keynesian economics, and other fields. 2) His seminal work "Foundations of Economic Analysis" reworked significant parts of economic theory using new analytical and methodological tools, particularly applying mathematics and the principle of maximization across different economic problems. 3) In consumer theory, his hypothesis of revealed preferences established that consumer preferences can be determined by their actual market behavior rather than assumed utility assessments of all possible bundles of goods.

Detailed Information

Author:['Jared Makori']
Publication Year:2011
Pages:6
Language:English
Format:PDF
Price:FREE
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