Paul A Samuelson
Biographic Data
| ID | 697773 |
|---|---|
| NAME | Paul A Samuelson |
| GIVEN NAMES | Paul A |
| FAMILY NAME | Samuelson |
| SIGNATURE | SAMUELSON P A |
| AFFILIATIONS | Massachusetts Institute of Technology |
| VERIFIED | No |
| TOTAL WORKS | 91 |
| TOTAL CITATIONS | 938 |
| AUTHOR COUNT | 91 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1937 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 13 |
Ricardo, David (1772–1823)
Innocence and Power: Individualism in Twentieth-Century America
The Harvard-Circle
Commemorating Richard Musgrave (1910-2007)
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Two Alternative Hypothetical "Lost" 1814 Ricardo Manuscripts: New-Century Bearings
Research Article| March 01 2006 Two Alternative Hypothetical “Lost” 1814 Ricardo Manuscripts: New-Century Bearings Paul A. Samuelson; Paul A. Samuelson Search for other works by this author on: This Site Google Erkko M. Etula Erkko M. Etula Search for other works by this author on: This Site Google History of Political Economy (2006) 38 (1): 1–14. https://doi.org/10.1215/00182702-38-1-1 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Ma…
Abram Bergson, EconomistApril 21, 1914 – April 23, 2003
Over the last two-thirds of the twentieth century, Abram Bergson was a leading American and world mathematical economist. He was a creative theorist, both literary and statistical. Also Bergson was a careful empiricist who, from a bully pulpit at Harvard, earned a reputation as the dean of Soviet studies and teacher of that subject’s major scholars over two generations. At a young age in 1933 Abram came to the Harvard Graduate School in economics…
Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization
Autarky real per capita well being, does not deny that new technical Chinese progress in goods that America previously had competitive advantage in can, ceteris paribus, lower permanently measurable per capita U.S. real income. Nor does it deny that technical progress in China's export goods can, ceteris paribus, hurt permanently her own net measurable per capita real income itself when demand inelasticity prevails. Ergo, the winds of dynamic com…
Multiple Priorities in Evolving Scholarly Disciplines
Research Article| June 01 2003 Multiple Priorities in Evolving Scholarly Disciplines Paul A. Samuelson Paul A. Samuelson Search for other works by this author on: This Site Google History of Political Economy (2003) 35 (2): 333–334. https://doi.org/10.1215/00182702-35-2-333 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn Email Permissions Search Site Citation Paul A. Samuelson; Multiple Priorities in Evolving Scholarly Disciplines. Hist…
A Ricardo-Sraffa Paradigm Comparing Gains from Trade in Inputs and Finished Goods
Here is how the 1817 Ricardo comparative advantage trade benefit analysis has to be modified to take account of post-1960 Sraffian benefits from capital-using technologies. By bringing J. S. Mill's demand model up to date in terms of its implicit geometric-mean money-metric utility, specific measurements for real net national product are calculated to partition sources of welfare gains (from output enhancements and taste-preference accommodations…
Revisionist findings on Sraffa
Piero Sraffa was a great economist whom I remember with warm admiration. He wrote too little, which is our loss. His reputation tends to get tied up with ideological jockeyings within our profession. Perhaps this is inevitable but I regret it – for, ideology aside, mainstream economists of the mathematical or literary persuasion can benefit much from Sraffa's contributions and also from the problems that his works pose for further investigations.
Sraffa's hits and misses
Pressure of other research at first prevented me from responding favourably to the Editor's request for a new paper on Sraffian economics. However, I was glad to have my 1990 revisionist paper included in this colloquium, and did welcome the suggestion that a new Addendum be included. If a scholar in his ninth decade is to record his considered opinions on an important topic, it had better be a matter not of when but of now. So, reconsidering, I …
Economics: An Introductory Analysis
Credo of a Lucky Textbook Author
At war's end, introductory economics textbooks were overdue for a revolutionary advance. Change conspired to tempt the author to bring to the beginning course the rudiments of Keynesian macroeconomics. The impact was explosive. In reaction to criticisms of the subsequent evolutionary revisions, the author here describes the transition beyond the 1936 Model T General Theory paradigm from the standpoint of advances on the frontier, at the same time…
Gustav Cassel's Scientific Innovations: Claims and Realities
Research Article| September 01 1993 Gustav Cassel's Scientific Innovations: Claims and Realities Paul A. Samuelson Paul A. Samuelson 1 Search for other works by this author on: This Site Google History of Political Economy (1993) 25 (3): 515–527. https://doi.org/10.1215/00182702-25-3-515 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Paul A. Samuelson; Gustav Cassel's Scientific Innovations: Clai…
Sraffa's Other Leg
Journal Article Sraffa's Other Leg Get access Paul A. Samuelson Paul A. Samuelson Massaschusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 406, 1 May 1991, Pages 570–574, https://doi.org/10.2307/2233560 Published: 01 May 1991
Ricardo Was Right!
Ricardo added a chapter On Machinery to the third and last edition of his Principles. In it, he contended that invention of machinery could reduce (i) the demand for labor, (ii) wages, and (iii) national income. This paper is devoted to the analytical questions of whether Ricardo was right that viable invention can reduce the total of real output after all competitive prices adjust to clear all markets, and why so many mainstream economists doubt…
Robert Solow: An Affectionate Portrait
Solow is the consummate economist's economist. He does everything well and with apparent ease. What Ty Cobb was to baseball, Solow has been to our generation of economists. But with this difference: Cobb had a will to win that never let up. Solow acts as if he has nothing to prove. As an anthropologist who has spent a long lifetime observing achieving scholars and scientists, I can report how rare this relaxed approach is and how great must be th…
Mathematical Vindication of Ricardo on Machinery
Ricardo is shown to be right that machinery can hurt wages and reduce output. A dramatic robot example reveals Knut Wicksell's erro r in believing that Pareto optimality calls for no drop in total outp ut from a viable invention. Under Ricardo's axiom that labor supply a djusts to keep wages at the subsistence level, he can correctly deduc e on a market-clearing basis a rise in his net product (rent plus int erest), while the greater drop in popu…
Sraffian Economics
Piero Sraffa, born in 1898 at Turin as the son of a well-off professor of law, lived from the twenties to his death in 1983 the quet bachelor life of a don at King’s and Trinity Colleges, Cambridge. Though his published and unpublished works are few, Sraffa has four claims to fame in the science of economics and the history of ideas.
Second Thoughts on Analytical Income Comparisons
Journal Article Second Thoughts on Analytical Income Comparisons Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 374, 1 June 1984, Pages 267–278, https://doi.org/10.2307/2232349 Published: 01 June 1984
My Life Philosophy
Illogisme de la doctrine néo-marxienne de l'échange inégal
Paul Douglas's Measurement of Production Functions and Marginal Productivities
Reaffirming the Existence of "Reasonable" Bergson-Samuelson Social Welfare Functions
It is a pity that David Ricardo is not alive to tell us whether he would agree with Pierro Sraffa's 1960 proposed 'standard commodity as a good approach to Richardo's desired standard measure of value. Fortunately, Abram Bergson and I are alive and kicking and available to record our reactions to recent axioms proposed by Kemp and Ng (1976) (who refer to a similar unpublished 1973 Washington University paper by R. R. Parks) as reasonable for an e…
Is Real-World Price a Tale Told by the Idiot of Chance
Kendall, M. G., and A. Stuart, Advanced Theory of Statistics, Vol. 2 (London: Charles Griffin, 1961). Labys, W. C., and C. W. J. Granger, Speculation, hledging and Price Forecasts (Lexington, Mass.: Heath Lexington, 1970). Samuelson, P. A., Proof that Properly Anticipated Prices Fluctuate Randomly, Industrial Mana-gement Review, 6 (Spr. 1965), 41-49. Stevenson, R. A., and R. M. Bear, Commodity Futures: Trends or Random Walks?, Journal of Finance,…
An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money
Theoretical Notes on Trade Problems
A Note on the Pure Theory of Consumer's Behaviour
FROM its very beginning the theory of consumer's choice has marched steadily towards greater generality, sloughing off at successive stages unnecessarily restrictive conditions. From the time of Gossen to our own day we have seen the removal of (a) the assumption of linearity of marginal utility; (b) the assumption of independence of utilities; (c) the assumption of the measurability of utility in a cardinal sense; and (d) even the assumption of …
International Trade and the Equalisation of Factor Prices
Journal Article International Trade and the Equalisation of Factor Prices Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology, Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 58, Issue 230, 1 June 1948, Pages 163–184, https://doi.org/10.2307/2225933 Published: 01 June 1948
Economics of Forestry in an Evolving Society
A debate that has raged for centuries is unlikely to be resolved by me in one lecture. However, I shall do my best to set forth the issues and indicate what ought to be the crucial factors that a jury should consider in rendering its verdict on the matter. The issue is one between forestry experts and the general public on the one side and professional economists and profit-conscious businessmen on the other. At first blush this would seem to sug…
Consumption Theory in Terms of Revealed Preference
A DECADE ago I suggested that the economic theory of consumer's behaviour can be largely built up on the notion of revealed.preference . By comparing the costs of different combinations of goods at different relative price situations, we can infer whether a given batch of goods is preferred to another batch; the individual guinea-pig, by his market behaviour, reveals his preference pattern-if there is such a consistent pattern. Recently, Mr. Ian …
The Transfer Problem and Transport Costs, II: Analysis of Effects of Trade Impediments
Journal Article The Transfer Problem and Transport Costs, II: Analysis of Effects of Trade Impediments Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 64, Issue 254, 1 June 1954, Pages 264–289, https://doi.org/10.2307/2226834 Published: 01 June 1954
Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization
Autarky real per capita well being, does not deny that new technical Chinese progress in goods that America previously had competitive advantage in can, ceteris paribus, lower permanently measurable per capita U.S. real income. Nor does it deny that technical progress in China's export goods can, ceteris paribus, hurt permanently her own net measurable per capita real income itself when demand inelasticity prevails. Ergo, the winds of dynamic com…
International Factor-Price Equalisation Once Again
Journal Article International Factor-Price Equalisation Once Again Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 59, Issue 234, 1 June 1949, Pages 181–197, https://doi.org/10.2307/2226683 Published: 01 June 1949
The Transfer Problem and Transport Costs: The Terms of Trade When Impediments are Absent
The Problem of Integrability in Utility Theory
A chapter in the history of utility theory has now been brought to a close by Mr. Houthakker's2 important discussion of integrability. As far back as i886, G. B. Antonelli3 had noted that such a problem existed and seems to have given the correct integrability conditions . But to most economists this problem was first introduced by Irving Fisher's4 I892 study-perhaps the best of all doctoral dissertations in economics. Even here it is introduced …
The Gains from International Trade Once Again
Journal Article The Gains from International Trade Once Again Get access P. A. Samuelson P. A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 72, Issue 288, 1 December 1962, Pages 820–829, https://doi.org/10.2307/2228353 Published: 01 December 1962
Prices of Factors and Good in General Equilibrium
Journal Article Prices of Factors and Goods in General Equilibrium Get access Paul A. Samuelson Paul A. Samuelson Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 21, Issue 1, 1953, Pages 1–20, https://doi.org/10.2307/2296256 Published: 01 January 1953
A Synthesis of the Principle of Acceleration and the Multiplier
A Note on the Pure Theory of Consumer's Behaviour: An Addendum
IN the February issue of this journal I suggested that the theory of consumer's behaviour could be founded on three postulates: (I) that the amount demanded of each commodity be a single valued function of all prices and income; (2) that this function be homogeneous of order zero in the variables prices and income, i.e., the simultaneous doubling of all prices and income must leave all quantities demanded invariant; (3) that the individual always…
Credo of a Lucky Textbook Author
At war's end, introductory economics textbooks were overdue for a revolutionary advance. Change conspired to tempt the author to bring to the beginning course the rudiments of Keynesian macroeconomics. The impact was explosive. In reaction to criticisms of the subsequent evolutionary revisions, the author here describes the transition beyond the 1936 Model T General Theory paradigm from the standpoint of advances on the frontier, at the same time…
Tax Deductibility of Economic Depreciation to Insure Invariant Valuations
Paul Douglas's Measurement of Production Functions and Marginal Productivities
An economist's non-linear model of self-generated fertility waves
Standard one-sex linear models of Lotka or Bernardelli always approach asymptotically an exponential growth mode with stable age distribution. Realistic non-linear models need not possess this property. The present analysis uncovers a possibly realistic ease where an existent mode of balanced growth is 'unstable', giving way when slightly perturbed to an asymptotic every-other generation limit cycle of determinable amplitude, and which is stable.…
Sraffa's Other Leg
Journal Article Sraffa's Other Leg Get access Paul A. Samuelson Paul A. Samuelson Massaschusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 406, 1 May 1991, Pages 570–574, https://doi.org/10.2307/2233560 Published: 01 May 1991
Reaffirming the Existence of "Reasonable" Bergson-Samuelson Social Welfare Functions
It is a pity that David Ricardo is not alive to tell us whether he would agree with Pierro Sraffa's 1960 proposed 'standard commodity as a good approach to Richardo's desired standard measure of value. Fortunately, Abram Bergson and I are alive and kicking and available to record our reactions to recent axioms proposed by Kemp and Ng (1976) (who refer to a similar unpublished 1973 Washington University paper by R. R. Parks) as reasonable for an e…
Steady-State and Transient Relations: A Reply on Reswitching
Nature of a pitfall, 41.—Substantive vindication— 43.—Deeper issue of nonsteady-state analysis, 45
Analytical Notes on International Real-Income Measures
Journal Article Analytical Notes on International Real-Income Measures Get access Paul A. Samuelson Paul A. Samuelson Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 84, Issue 335, 1 September 1974, Pages 595–608, https://doi.org/10.2307/2231042 Published: 01 September 1974
Economics: An Introductory Analysis
Jacob Viner, 1892-1970
A Note on Measurement of Utility
Journal Article A Note on Measurement of Utility Get access Paul A. Samuelson Paul A. Samuelson Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 4, Issue 2, February 1937, Pages 155–161, https://doi.org/10.2307/2967612 Published: 01 February 1937
Some Aspects of the Pure Theory of Capital
Definition of an investment account, 469. — Relationships between capitalized value, depreciation, and income holding at all times under any rate of discount, 470. — Necessary equality between capital invested and value of investment account derived by capitalization, 474.— Definition and derivation of internal rate of interest; its relation to market rate, 475. — Identification under ideal conditions of market value of investment account with ca…
A Note on the Pure Theory of Consumer's Behaviour
FROM its very beginning the theory of consumer's choice has marched steadily towards greater generality, sloughing off at successive stages unnecessarily restrictive conditions. From the time of Gossen to our own day we have seen the removal of (a) the assumption of linearity of marginal utility; (b) the assumption of independence of utilities; (c) the assumption of the measurability of utility in a cardinal sense; and (d) even the assumption of …
A Note on the Pure Theory of Consumer's Behaviour: An Addendum
IN the February issue of this journal I suggested that the theory of consumer's behaviour could be founded on three postulates: (I) that the amount demanded of each commodity be a single valued function of all prices and income; (2) that this function be homogeneous of order zero in the variables prices and income, i.e., the simultaneous doubling of all prices and income must leave all quantities demanded invariant; (3) that the individual always…
Interactions between the Multiplier Analysis and the Principle of Acceleration
A Synthesis of the Principle of Acceleration and the Multiplier
The End of Marginal Utility: A Note on Dr. Bernardelli's Article
Estimates of Unemployment in the United States
Dynamics, Statics, and the Stationary State
U NTIL now, much of dynamical economic analysis has been concerned with the business cycle. This may seem so natural as to be hardly worthy of explicit comment. Nevertheless, it was not inevitable; and if in the future the business cycle, as we have known it, should undergo extreme modifications, a need for dynamical analysis in connection with many economic problems would still exist. Thus, we should still need a theory of the path by which a gi…
The Analysis of Economic Time Series . Harold T. Davis
The Graphic Depiction of Elasticity of Demand
Consumption Theory in Terms of Revealed Preference
A DECADE ago I suggested that the economic theory of consumer's behaviour can be largely built up on the notion of revealed.preference . By comparing the costs of different combinations of goods at different relative price situations, we can infer whether a given batch of goods is preferred to another batch; the individual guinea-pig, by his market behaviour, reveals his preference pattern-if there is such a consistent pattern. Recently, Mr. Ian …
International Trade and the Equalisation of Factor Prices
Journal Article International Trade and the Equalisation of Factor Prices Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology, Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 58, Issue 230, 1 June 1948, Pages 163–184, https://doi.org/10.2307/2225933 Published: 01 June 1948
The Challenge of Industrial Relations: Trade Unions, Management, and the Public Interest
Theories of Welfare Economics
Economics: An Introductory Analysis
Economics: An Introductory Analysis Economics : An Introductory Analysis. By PAUL A. SAMUELSON. (New York and London: McGraw-Hill, 1948. Pp. xx + 622. 27s.) Honor Croome Honor Croome Claygate Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 59, Issue 233, 1 March 1949, Pages 88–92, https://doi.org/10.2307/2225848 Published: 01 March 1949
International Factor-Price Equalisation Once Again
Journal Article International Factor-Price Equalisation Once Again Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 59, Issue 234, 1 June 1949, Pages 181–197, https://doi.org/10.2307/2226683 Published: 01 June 1949
Economics, An Introductory Analysis
Recent Taxes on Mathematical Statistics
STATISTICS books do not fall from heaven at random. They come in runs. For a shockingly long period no adequate textbooks on modern statistics were available, so that the interested student had to refer directly to the technical journals and to pursue each topic in many loosely connected installments. All that is changed now; a number of first-rate books have appeared and more are promised every day. Postwar periods seem to offer a favorable time…
The Problem of Integrability in Utility Theory
A chapter in the history of utility theory has now been brought to a close by Mr. Houthakker's2 important discussion of integrability. As far back as i886, G. B. Antonelli3 had noted that such a problem existed and seems to have given the correct integrability conditions . But to most economists this problem was first introduced by Irving Fisher's4 I892 study-perhaps the best of all doctoral dissertations in economics. Even here it is introduced …
Schumpeter as a Teacher and Economic Theorist
Economics: An Introductory Analysis
The Impact of the Union: Eight Economic Theorists Evaluate the Labor Union Movement
Journal Article The Impact of the Union: Eight Economic Theorists Evaluate the Labor Union Movement Get access The Impact of the Union : Eight Economic Theorists evaluate the Labor Union Movement. Edited by DAVID MCCORD WRIGHT. JOHN MAURICE CLARK, GOTTFRIED HABERLER, FRANK H. KNIGHT, K. E. BOTJLDING, EDWARD H. CHAMBERLTN, MILTON FRIEDMAN, DAVID McC. WRIGHT and PAUL A. SAMUELSON. (New York : Harcourt, Brace, 1951. Pp. ix + 405. $4.00.) E. H. Phelp…
The Transfer Problem and Transport Costs: The Terms of Trade When Impediments are Absent
Prices of Factors and Good in General Equilibrium
Journal Article Prices of Factors and Goods in General Equilibrium Get access Paul A. Samuelson Paul A. Samuelson Cambridge, Mass. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 21, Issue 1, 1953, Pages 1–20, https://doi.org/10.2307/2296256 Published: 01 January 1953
Economics (76 works) · Economic Theory and Institutions (33 works) · Mathematical economics (32 works) · Economic theories and models (26 works) · Computer Science (25 works) · Neoclassical economics (24 works) · Political science (23 works) · Mathematics (20 works) · Philosophy (18 works) · Econometrics (17 works)