http://www.nytimes.com/2009/12/14/business/economy/14samuelson.html?_r=1&hp
Read my Nolan Chart column "Me & My Big Mouth"
More dry powder over here... better duck out of this before it blows up...
Where I come from, the women don't glow, but the men definitely plunder.
May peace be upon his soul.
Abstract liberty, like other mere abstractions, is not to be found.
- Edmund Burke
Now if only the lovefest for Keynes would die, too.
"Mr. Samuelson explained Keynesian economics to American presidents, world leaders, members of Congress and the Federal Reserve Board, not to mention other economists. He was a consultant to the United States Treasury, the Bureau of the Budget and the President’s Council of Economic Advisers."
I wonder if he ever regretted it...
It sounds like he lived a glorious life of luxury and fame. How wonderful.
"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."
laminustacitus:May peace be upon his soul.
I do say, that even though he was an annoying enemy to deal with, I can't help but a feel a tinge of sadness that he died. Call it sympathy with the human condition.
The Late Andrew Ryan:2 days ago for the first time
...Have you meet Paul Krugman?
'Men do not change, they unmask themselves' - Germaine de Stael
Laughing Man: The Late Andrew Ryan:2 days ago for the first time ...Have you meet Paul Krugman?
What do you mean?
I am sad to say that I am mostly indirectly familiar with Samuelson's contributions, which appear to substantial. :( It is always sad news when such an intellectual giant passes away.
Maybe after finals are over, I will try to get through part of his PhD thesis, Foundations of Economic Analysis. I flipped through it once before, but didn't have time to seriously work with it.
Ambition is a dream with a V8 engine - Elvis Presley
Few people have done as much damage to the science of economics than this man. He might arguably have been more influential than Keynes due to the wide reach of his textbook. Considering the widespread misery the ideas he peddled have wrought upon the world, I don't think I'll be shedding too many tears over the passing of this statist apologist.
He's been dead for years.
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A horrible economist, but rest in peace anyway.
Samuelson's ideas caused wide spread misery? Come on guys.
What did he say or do to cause "wide spread misery"? Let's hear some specifics.