Paul A. Samuelson (born February 27, 1918) is an American mathematical economist. He won the Nobel Memorial Prize in Economic Sciences in 1970. Among other awards, he was awarded the National Medal of Science by President Ronald Reagan in 1987. Samuelson received his bachelor's degree at the University of California, Berkeley, and his Ph.D
at Harvard University in 1940. While still a graduate student, he learned that graduate students at Harvard were paid $600 per year for teaching one course each year. He spent his entire career working for this sum, awarding himself only one grant and not accepting any royalties for his books or articles until 1976, when he retired from Massachusetts Institute of Technology.
Samuelson is widely regarded as one of the greatest economists ever to have lived, and has been repeatedly honored with awards including the Nobel Memorial Prize in Economic Sciences in 1970, the John Bates Clark Medal in 1981, and the National Medal of Science by President Ronald Reagan in 1987.
What good does it do a black youth to know that an employer must pay him $2 an hour if the fact that he must be paid that amount is what keeps him from getting a job?Paul A. Samuelson
Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.Paul A. Samuelson
