Samuelson’s Legacy and that of Mises

ThinkMarkets

by Roger Koppl

One of our all-time greats, Paul Samuelson, has passed.  We should mourn the passing of a great mind and fellow human being.  He influenced so many economists so deeply that it easy to underestimate his influence.  Barkley Rosser makes the key point at Econospeak.  “His influence is so great in so many areas that the key papers by him that lie behind the standard textbook accounts in many areas do not even bother to cite them.”  Barkley adds the interesting comment that Samuelson “himself was generally personally aware of the flaws and limits of many of his own ideas” whereas the “sons of Samuelson” have been “more simplistic.”

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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