Paul A. Samuelson
MIT economist Paul A. Samuelson, the Nobel laureate whose mathematical analysis provided the foundation on which modern economics is built and whose textbook influenced generations of students, died Dec 11, 2009 at his home in Belmont, Mass. He was 94. Please do read his ‘How I became an economist ’:
A Dissertation Viva Voce
An extract for Indian Express editorial dated 15 Dec, 2009 reads …
With some lives, facts aren’t enough. You need stories. Like how legendary economist Joseph Schumpeter turned to a fellow-member of a dissertation committee examining a bright young student, and asked: “Well, gentlemen? Did we pass?” That story isn’t about Schumpeter of course, but about the student, Paul Samuelson.
(This is exactly how we feel at times in interview sessions when interviewing some bright young folks for the MBA entrance)
Managerial Economics First Semester MBA
I remember vividly what a powerful influence his textbook had on all the students of my MBA class. To most of us Managerial Economics was a dry subject. But learning from Samuelson’s book made us all deeply interested in economic theory. We felt a sense of pride in owning this book. Samuelson’s textbook was the first to explain the principles of Keynesian economics to beginner economics students. It has been translated into 40 languages, and has sold nearly four million copies over a span of 60 years.
In praise of Prof. AY Joshi
In this context I would like to add special praise for our Professor AY Joshi, from the Brihan Maharashtra College of Commerce. He was our visiting faculty at the College of Military Engineering (CME) Pune. Prof. Joshi was a great source of inspiration not only for his simplicity and wisdom but he made macroeconomics sound like sheer poetry.