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Monday, December 14, 2009

WHY EVERYONE READ SAMUELSON -- BY DAVID R. HENDERSON, The Wall Street Journal

The late Nobel laureate's mathematical approach to economics has been a mixed blessing.

Three years after World War II drew to a close, a young professor at MIT published "Foundations of Economic Analysis." Its mathematical approach to economics would revolutionize the profession. And its author, Paul Samuelson, would go on to earn many awards and honors, culminating in 1970, when he won the Nobel Prize

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