Paul Anthony Samuelson, 1915 - 2009

portrait of Paul Samuelson
LIFE magazine photo (December 1950)
5345

Born: 15 May 1915, Gary, Indiana
Died: 13 December 2009, Belmont, Massachusetts

The Samuelson family moved to Chicago in 1923 and Samuelson began studying the stock market in his freshman year at Hyde Park High School. He didn't wait to graduate before entering the University of Chicago where he earned his bachelor's degree in 1935. The went to MIT and got his M.A. the next year and his Ph.D. in 1941. He became an assistant professor of economics there in 1940 and a full professor in 1947, and was named Institute Professor in 1966, MIT's highest faculty honor. He was a member or fellow of the American Academy of Arts and Sciences, the British Academy, the International Economic Association, and several others. He has lectured at over 20 colleges and universities and has received at least 35 honorary degrees. He served as an advisor to presidents Kennedy and Johnson and consulted frequently with the government thereafter, including long service with the Federal Reserve Bank. He was the first American to receive the Bank of Sweden Prize in economics (often referred to as a Nobel Prize) in 1970. He officially retired from MIT in 1985 but continued to work in his office there until just two weeks before his death.

Biography from Wikipedia and New York Times obituary

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