Samuelson (Paul Samuelson)

Paul Samuelson was a renowned American economist who significantly shaped modern economic theory. He developed models to analyze how markets work, including how prices are determined and how economies grow. His work introduced important concepts like consumer and producer behavior, and he helped bridge the gap between theoretical economics and real-world application. Samuelson's contributions earned him the Nobel Prize in Economics in 1970. His insights continue to influence economic policy, teaching, and research, offering a foundational understanding of how economic systems function and evolve.