Memorializing Paul A. Samuelson: A Review of His Major Works, 1915–2009

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.