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Paul A. Samuelson

Institute Professor (deceased 2009) · Massachusetts Institute of Technology

Economist at MIT from 1940 until his death in 2009, Institute Professor from 1962. Author of the 1958 consumption-loan model paper in the Journal of Political Economy.

2 papers tracked 2 classics ⌁ Follow this author

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Published Classic Journal of Political Economy Published Dec 1958

An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money

Paul A. Samuelson

This 1958 Journal of Political Economy paper by Paul Samuelson builds a deliberately stripped-down model of a world in which goods cannot be stored or invested -- nothing "keeps" -- so people can only …

Overlapping Generations Free Read ↗

Published Classic The Review of Economics and Statistics Published May 1939

Interactions between the Multiplier Analysis and the Principle of Acceleration

Paul A. Samuelson

This short 1939 note by Paul Samuelson formalizes Alvin Hansen's combination of Keynes's income-expenditure multiplier with the accelerator principle of induced private investment.

Business Cycles Macro Dynamics Free Read ↗