His textbook Economics, first published in 1948, was the best-selling textbook for nearly 30 years. He received the Nobel Prize in Economics in 1970 for his contributions to economic scientific analysis.
One of the most prominent economists of the 20th century and the first American Nobel Prize winner in Economics, Paul A. Samuelson, passed away yesterday at the age of 94, Reuters reports. The news was announced by the Massachusetts Institute of Technology (MIT), which Samuelson helped to become one of the leading global centers for education in economics. He received the Nobel Prize in Economics in 1970 for his contributions to economic scientific analysis, and his greatest achievement was transforming economics into a discipline that solves problems, answering questions about causes and effects with mathematical precision. His textbook "Economics," first published in 1948, was the best-selling textbook for nearly 30 years, translated into 20 languages, and sold 50,000 copies annually. (vecernji.hr)
