MEMORIALIZING PAUL A. SAMUELSON: A REVIEW OF HIS MAJOR WORKS, 1915-2009

This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in Trade, the Surrogate Function in Capital Theory, and the Revealed Preference Theory in Microeconomics. Also covered are the Overlapping Genera...

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Published inThe American Economist (New York, N.Y. 1960) Vol. 55; no. 2; pp. 67 - 82
Main Authors Ramrattan, Lall, Szenberg, Michael
Format Journal Article
LanguageEnglish
Published Los Angeles, CA Omicron Delta Epsilon 22.09.2010
SAGE Publications
Sage Publications, Inc
SAGE PUBLICATIONS, INC
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Abstract This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in Trade, the Surrogate Function in Capital Theory, and the Revealed Preference Theory in Microeconomics. Also covered are the Overlapping Generation Model, the idea of the mixed economy, and operationalism in Economic Methodology. No one will doubt that from the touch of his hand, economics has become highly transparent and knowledge elevated. The future generation of economists will take pride and delight in immersing themselves in Samuelson's works.
AbstractList This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in Trade, the Surrogate Function in Capital Theory, and the Revealed Preference Theory in Microeconomics. Also covered are the Overlapping Generation Model, the idea of the mixed economy, and operationalism in Economic Methodology. No one will doubt that from the touch of his hand, economics has become highly transparent and knowledge elevated. The future generation of economists will take pride and delight in immersing themselves in Samuelson's works.
This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in Trade, the Surrogate Function in Capital Theory, and the Revealed Preference Theory in Microeconomics. Also covered are the Overlapping Generation Model, the idea of the mixed economy, and operationalism in Economic Methodology. No one will doubt that from the touch of his hand, economics has become highly transparent and knowledge elevated. The future generation of economists will take pride and delight in immersing themselves in Samuelson's works. [PUBLICATION ABSTRACT]
This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in Trade, the Surrogate Function in Capital Theory, and the Revealed Preference Theory in Microeconomics. Also covered are the Overlapping Generation Model, the idea of the mixed economy, and operationalism in Economic Methodology. No one will doubt that from the touch of his hand, economics has become highly transparent and knowledge elevated. The future generation of economists will take pride and delight in immersing themselves in Samuelson's works. Keywords: Neoclassical synthesis, Surrogate production function, Factor price equalization, Overlapping generation, Mixed economy, Operationalism, Revealed preference
Audience Academic
Author Ramrattan, Lall
Szenberg, Michael
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Copyright Copyright 2010 Omicron Delta Epsilon
Copyright © 2010 Omicron Delta Epsilon
COPYRIGHT 2010 Sage Publications, Inc.
COPYRIGHT 2010 Sage Publications, Inc.
Copyright Omicron Delta Epsilon Fraternity Fall 2010
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Keywords Mixed economy
Neoclassical synthesis
Factor price equalization
Operationalism
Revealed preference
Overlapping generation
Surrogate production function
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  doi: 10.1093/acprof:oso/9780199298839.001.0001
– volume-title: Factor Proportions, Trade, and Growth
  year: 1995
  ident: bibr7-056943451005500208
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    fullname: Findlay Ronald
– volume: 4
  volume-title: Collected Works
  year: 1992
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  contributor:
    fullname: Hayek F. A.
– ident: bibr14-056943451005500208
  doi: 10.1016/S1573-4404(05)80004-8
– volume: 5
  volume-title: The Collected Scientific Papers of Samuelson
  year: 1986
  ident: bibr34-056943451005500208
  contributor:
    fullname: Samuelson Paul A.
– volume: 80
  volume-title: Harvard Economic Studies
  year: 1947
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  contributor:
    fullname: Samuelson Paul A.
– volume-title: Essays in International Economic Theory: The Theory of Commercial Policy
  year: 1983
  ident: bibr2-056943451005500208
  contributor:
    fullname: Bhagwati Jagdish
– ident: bibr8-056943451005500208
  doi: 10.1007/978-94-017-6408-7
– ident: bibr28-056943451005500208
  doi: 10.2307/2224098
– ident: bibr39-056943451005500208
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– volume-title: General Competitive Analysis
  year: 1971
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    fullname: Arrow Kenneth J.
– ident: bibr16-056943451005500208
– volume: 4
  volume-title: The Collected Scientific Papers of Samuelson
  year: 1986
  ident: bibr33-056943451005500208
  contributor:
    fullname: Samuelson Paul A.
– volume-title: The Neoclassical Theory of Production and Distribution
  year: 1975
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    fullname: Ferguson C. E.
– start-page: 47
  volume-title: Mathematical Methods in the Social Sciences
  year: 1960
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    fullname: McKenzie
– volume-title: Economics
  year: 1980
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  contributor:
    fullname: Samuelson Paul A.
– year: 1926
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  publication-title: Elements of Pure Economics, trans. William l Jaffe
  contributor:
    fullname: Walras Leon
– volume-title: Economics
  year: 1995
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  contributor:
    fullname: Samuelson Paul A.
– volume-title: International Trade: A Survey of Principles and Problems of the International Economy
  year: 1970
  ident: bibr27-056943451005500208
  contributor:
    fullname: Pearce I. F.
– ident: bibr17-056943451005500208
  doi: 10.1017/CCOL0521265142
– volume-title: Linear Programming and Economic Analysis
  year: 1958
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    fullname: Dorfman Robert
– ident: bibr19-056943451005500208
  doi: 10.1016/B978-0-12-298750-2.50022-8
– ident: bibr18-056943451005500208
  doi: 10.1137/0510101
– ident: bibr24-056943451005500208
  doi: 10.1016/B978-0-12-298750-2.50022-8
– volume-title: Collected Essays on Economic Theory: Classics and Moderns
  year: 1983
  ident: bibr12-056943451005500208
  contributor:
    fullname: Hicks John
– volume-title: Mathematical Theories of Economic Growth
  year: 1970
  ident: bibr3-056943451005500208
  contributor:
    fullname: Burmeister E.
– ident: bibr25-056943451005500208
  doi: 10.1086/450266
– ident: bibr10-056943451005500208
  doi: 10.2307/2296729
RelatedPersons Solow, Robert M
Samuelson, Paul A
RelatedPersons_xml – fullname: Solow, Robert M
– fullname: Samuelson, Paul A
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Snippet This essay reviews the contributions of Paul A. Samuelson, specifically the Neoclassical Synthesis in Macroeconomics, the Factor Price Equalization Theory in...
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SubjectTerms Biographies
Book publishing
Capital goods
Consumption
Correspondence
Deaths
Discount rates
Economic analysis
Economic theory
Economists
Equilibrium
Factor prices
Free trade
GNP
Gross National Product
Income distribution
International economic relations
Jacobians
Keynesianism
Macroeconomics
Monopolistic competition
Population
Production capital
Production functions
Samuelson, Paul A
Solow, Robert M
Title MEMORIALIZING PAUL A. SAMUELSON: A REVIEW OF HIS MAJOR WORKS, 1915-2009
URI https://www.jstor.org/stable/41429196
https://journals.sagepub.com/doi/full/10.1177/056943451005500208
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Volume 55
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