March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Théorie de la Spéculation at ...

Paul Samuelson started his studies in 1932, at the height of the Great Depression, when “economics was the most exciting thing in the world.” Already a well-known academic, he helped build the ...

Then, in 1974, the world's most famous economist took an interest. Paul Samuelson had revolutionised the way economics was practised and taught, making it more mathematical and engineering-like ...

Paul Samuelson, the famous American economist and author of bestselling textbook Economics, gave the now quaintly ...

The Balassa-Samuelson effect (named after the economists Bela Balassa and Paul Samuelson) arises because the growth of productivity differs among sectors, while wages tend to be less differentiated.