Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

News » International

Updated: December 14, 2009 15:05 IST

Nobel-winning economist dead at 94

AP
Share  ·   print   ·  
In this January 4, 1998 file photo, Nobel laureate Paul Samuelson listens to remarks during a programme in Chicago to mark the 50th year and the 16th edition of his book
AP In this January 4, 1998 file photo, Nobel laureate Paul Samuelson listens to remarks during a programme in Chicago to mark the 50th year and the 16th edition of his book "Economics." Samuelson, one of the leading economists of the 20th century, died on Sunday at his home in Belmont, Massachusetts. He was 94.

Economist Paul A. Samuelson, a Nobel laureate and winner of the National Medal of Science, has died. He was 94.

The Massachusetts Institute of Technology, where Samuelson taught, says he died Sunday at his home in Belmont, Massachusetts.

Samuelson was one of the leading economists of the 20th century, and served as an adviser to Presidents John F. Kennedy and Lyndon B. Johnson. He won the Nobel Prize in economics in 1970.

During a 1974 conference on inflation, he said America was suffering from “stagflation,” which he described as a toxic mix of high unemployment and high inflation over long periods of time.

He literally wrote the text book on modern economics. His Economics: An Introductory Analysis has been translated into 40 languages and is now in its 19th edition in English.

RELATED NEWS

Tribute to Samuelson December 15, 2009

‘Samuelson transformed everything he touched’ December 14, 2009

More In: International | News
Musharraf Indictment
Is the Army losing its pivotal role in Pakistan politics?
Yes
No
Can't say


O
P
E
N

close

Recent Article in International

South Asian LGBT group links ‘third gender’ ruling to 377 issue

Following the Indian Supreme Court’s ruling on Tuesday to create a ‘third gender’ for transgendered individuals rather than forcing them... »