Newsmaker
US Nobel winner economist Samuelson dies
(Xinhua)
Updated: 2009-12-14 09:59
WASHINGTON: US economist Paul A. Samuelson, a Nobel Prize laureate died on Sunday, according to the Massachusetts Institute of Technology (MIT), where Samuelson taught.
 In this May 23, 2005 file photo, Paul A. Samuelson, a Nobel laureate economist, arrives at graduation ceremonies at Yale University in New Haven, Conn. Samuelson, one of the leading economists of the 20th century, died Sunday, Dec. 13, 2009, at his home in Belmont, Mass. He was 94. [Agencies] |
He died at his home in Belmont Massachusetts at the age of 94, MIT said.
Samuelson, who won the Nobel Prize in economics in 1970, was one of the leading economists of the 20th century, and served as an adviser to Presidents John F. Kennedy and Lyndon B. Johnson.
"Paul Samuelson transformed everything he touched: the theoretical foundations of his field, the way economics was taught around the world, the ethos and stature of his department, the investment practices of MIT, and the lives of his colleagues and students," said MIT President Susan Hockfield.
His world renowned text book "Economics: An Introductory Analysis" has been translated into 40 languages and is now in its 19th edition in English.
He is survived by his wife Risha Samuelson, six children from his first marriage and a stepdaughter, as well as 15 grandchildren.
