Paul Samuelson

Joins MIT Economics Faculty

At age 32, Samuelson joined MIT's economics department, beginning his revolutionary work in mathematical economics. His groundbreaking doctoral thesis laid the foundation for his future influence in the field.

Publishes Foundations of Economic Analysis

His seminal work 'Foundations of Economic Analysis' established him as a leading theorist, applying rigorous mathematical methods to economics. The book became foundational for modern economic theory.

Economics Textbook Becomes Standard

His textbook 'Economics' became the best-selling economics textbook of all time, shaping how economics was taught for generations. The book's success brought him substantial royalty income and widespread influence.

Wins Nobel Prize in Economics

Became the first American to win the Nobel Memorial Prize in Economic Sciences for his scientific work in economic theory. The award cemented his status as one of the most influential economists of the 20th century.

Peak Academic Influence Period

At the height of his career, Samuelson's work dominated economic thought and policy discussions. His textbook had educated millions of students and his columns reached a broad audience.

Retirement from MIT Teaching

Retired from active teaching but continued research and writing. His legacy as a teacher and theorist was firmly established, with his textbook still widely used globally.

Death at Age 94

Samuelson died in Massachusetts, leaving behind a transformative legacy in economics. His work fundamentally shaped modern economic analysis and educated generations of economists worldwide.

Enduring Economic Legacy

Remembered as one of the most influential economists of the 20th century, his mathematical approach and textbook continue to shape economic education. His contributions remain foundational to modern economic theory.