IDEAS home Printed from https://ideas.repec.org/a/sae/amerec/v55y2010i2p67-82.html

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

Author

Listed:
  • Lall Ramrattan
  • Michael Szenberg

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.

Suggested Citation

  • Lall Ramrattan & Michael Szenberg, 2010. "Memorializing Paul A. Samuelson: A Review of His Major Works, 1915–2009," The American Economist, Sage Publications, vol. 55(2), pages 67-82, November.
    • Handle: RePEc:sae:amerec:v:55:y:2010:i:2:p:67-82
    DOI: 10.1177/056943451005500208
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/056943451005500208
    Download Restriction: no
    File URL: https://libkey.io/10.1177/056943451005500208?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael Szenberg & Lall Ramrattan & Aron Gottesman, 2007. "Ten Ways to Know Paul A. Samuelson," The American Economist, Sage Publications, vol. 51(2), pages 3-7, October.
    2. Robinson, Joan, 1971. "The Measure of Capital: The End of the Controversy," Economic Journal, Royal Economic Society, vol. 81(323), pages 597-602, September.
    3. Ronald Findlay, 1995. "Factor Proportions, Trade, and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061759, December.
    4. Michael Szenberg & Aron A. Gottesman & Lall Ramrattan, 2005. "Paul A. Samuelson: philosopher and theorist," International Journal of Social Economics, Emerald Group Publishing, vol. 32(4), pages 325-338, April.
    5. Szenberg, Michael & Ramrattan, Lall & Gottesman, Aron A. (ed.), 2006. "Samuelsonian Economics and the Twenty-First Century," OUP Catalogue, Oxford University Press, number 9780199298839.
    6. Friedrich Lutz, 1961. "The Essentials of Capital Theory," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 3-17, Palgrave Macmillan.
    7. Joan Robinson, 1970. "Capital Theory Up to Date," Canadian Journal of Economics, Canadian Economics Association, vol. 3(2), pages 309-317, May.
    8. F. A. Lutz, 1961. "The Theory of Capital," International Economic Association Series, Palgrave Macmillan, number 978-1-349-08452-4 edited by D. C. Hague.
    9. Green, Jerry R. & Scheinkman, Josè Alexandre (ed.), 1979. "General Equilibrium, Growth, and Trade," Elsevier Monographs, Elsevier, edition 1, number 9780122987502.
    10. Krugman, Paul, 1995. "Increasing returns, imperfect competition and the positive theory of international trade," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 24, pages 1243-1277, Elsevier.
    11. Pierangelo Garegnani, 2024. "Heterogeneous Capital, the Production Function and the Theory of Distribution," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 147-193, Springer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kurz, Heinz D. & Salvadori, Neri, 2023. "Marx's concept of “exploitation” and the problem of measurement," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 887-896.
    2. Jesus Felipe & Franklin M. Fisher, 2003. "Aggregation in Production Functions: What Applied Economists should Know," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 208-262, May.
    3. Avi J. Cohen, 2003. "Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 199-214, Winter.
    4. Yara Zeineddine, 2021. "Institutional Aspects of Capital in Joan Robinson's 'Rules of the Game': Rentier versus Entrepreneurs in Managerial Capitalism," Working Papers hal-03230146, HAL.
    5. Yew‐Kwang Ng, 1974. "Harcourt's Survey of Capital Theory," The Economic Record, The Economic Society of Australia, vol. 50(1), pages 119-129, March.
    6. Fabio Petri, 2021. "What Remains of the Cambridge Critique? On Professor Schefold's Theses," Centro Sraffa Working Papers CSWP50, Centro di Ricerche e Documentazione 'Piero Sraffa'.
    7. Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975, August.
    8. Roberto Veneziani & Luca Zamparelli & Daniele Tavani & Luca Zamparelli, 2017. "Endogenous Technical Change In Alternative Theories Of Growth And Distribution," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1272-1303, December.
    9. James L. Dietz, 1973. "Paradise Reswitched," Review of Radical Political Economics, Union for Radical Political Economics, vol. 5(2), pages 1-17, July.
    10. Jan Mikael Malmaeus, 2016. "Economic Values and Resource Use," Sustainability, MDPI, vol. 8(5), pages 1-20, May.
    11. Tsoulfidis, Lefteris & Chatzarakis, Nikolaos, 2024. "The Micro-Macro Divide of Neoclassical Economics vs. the Macro-Microscopic Classical Political Economy Approach," MPRA Paper 121951, University Library of Munich, Germany.
    12. Marc Lavoie, 2022. "Pierangelo Garegnani, come lo intesi alla fine degli anni Ottanta (Pierangelo Garegnani, as perceived in the late 1980s)," Moneta e Credito, Economia civile, vol. 75(299), pages 233-249.
    13. Cavalieri, Duccio, 2013. "Towards a revision of the theory of capital," MPRA Paper 47351, University Library of Munich, Germany.
    14. Saverio M. Fratini, 2019. "On The Second Stage Of The Cambridge Capital Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 33(4), pages 1073-1093, September.
    15. Santos, João & Domingos, Tiago & Sousa, Tânia & St. Aubyn, Miguel, 2016. "Does a small cost share reflect a negligible role for energy in economic production? Testing for aggregate production functions including capital, labor, and useful exergy through a cointegration-base," MPRA Paper 70850, University Library of Munich, Germany.
    16. Nocetti, Diego C., 2013. "The LeChatelier principle for changes in risk," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 460-466.
    17. Ottaviano, Gianmarco & Peri, Giovanni, 2008. "Immigration and National Wages: Clarifying the Theory and the Empirics," CEPR Discussion Papers 6916, C.E.P.R. Discussion Papers.
    18. Gilberto Tadeu Lima, 2000. "Market concentration and technological innovation in a dynamic model of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
    19. Timo Boppart & Per Krusell, 2020. "Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective," Journal of Political Economy, University of Chicago Press, vol. 128(1), pages 118-157.
    20. Kevin S. Nell & Maria M. De Mello, 2019. "The interdependence between the saving rate and technology across regimes: evidence from South Africa," Empirical Economics, Springer, vol. 56(1), pages 269-300, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:amerec:v:55:y:2010:i:2:p:67-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://journals.sagepub.com/home/aex .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.