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Comments on: Farewell Paul Samuelson http://www.tvhe.co.nz/2009/12/15/farewell-paul-samuelson/ The Visible Hand in Economics Sun, 27 Dec 2009 10:11:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: albuquerque attorney http://www.tvhe.co.nz/2009/12/15/farewell-paul-samuelson/#comment-22418 Sun, 27 Dec 2009 10:11:10 +0000 http://www.tvhe.co.nz/?p=4560#comment-22418 Knowledgeable article! Nice that i got an opportunity to know that mathematical analysis is not one of many ways of doing economic theory: It is the only way. Economic theory is mathematical analysis.Paul Krugman link was awesome.Thanks for sharing such a useful post with us.

]]> By: Free Matrimony http://www.tvhe.co.nz/2009/12/15/farewell-paul-samuelson/#comment-22303 Wed, 16 Dec 2009 22:17:12 +0000 http://www.tvhe.co.nz/?p=4560#comment-22303 John Maynard Keynes may have had more influence on policy makers, Milton Friedman on citizens, Kenneth Arrow on economic theory, but Samuelson had more influence on the way economics is done today, and the purposes to which it is put, than any other economist of the twentieth century.

]]> By: Paul Walker http://www.tvhe.co.nz/2009/12/15/farewell-paul-samuelson/#comment-22283 Mon, 14 Dec 2009 23:17:47 +0000 http://www.tvhe.co.nz/?p=4560#comment-22283 Perhaps a more apt notion of how to use mathematics in economics comes in a letter from Alfred Marshall to A L Bowley:

I went more and more on the rules—(1) Use mathematics as a shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life. (5) Burn the mathematics. (6) If you canʼt succeed in 4, burn 3. This last I did often.

]]> By: Paul Walker http://www.tvhe.co.nz/2009/12/15/farewell-paul-samuelson/#comment-22281 Mon, 14 Dec 2009 22:50:55 +0000 http://www.tvhe.co.nz/?p=4560#comment-22281 Peter Boettke at the Austrian Economists blog has an interesting posting on Paul Samuelson as well.

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