I first met Paul Samuelson in 1962, as a student at MIT. A decade later, I had the pleasure of co-authoring with him a paper on the Theory of Index Numbers (American Economic Review, 1974) and another in the Royal Economic Society’s Economic Journal (1984). I last met him a couple of years back, on a sidewalk in Belmont, Massachussets. He was driving down the street and stopped upon seeing...

The outcome of the historic climate change negotiations in Copenhagen hinges on the issues of emissions reductions and financing, Secretary-General Ban Ki-moon said today as he urged world leaders to use the final days of the talks to strike an ambitious new agreement. The Nobel Peace Prize-winning Intergovernmental Panel on Climate Change (IPCC) has found that to stave off the worst effects of climate change, industrialized countries must slash greenhouse...

Paul A. Samuelson (May 15, 1915 — December 13, 2009) has often been described as the foremost academic economist of the 20th century. Randall E. Parker, the economic historian, has called him the “Father of Modern Economics”. All this may be hotly disputed in Chicago, but in any case, Samuelson was the first American to receive the Nobel Prize in economic sciences. The Swedish Royal Academy’s citation stated that he...

As one of its first steps towards reducing its greenhouse gas footprint, the United Nations – after one of the most wide-ranging and painstaking exercises in its history – announced today that it emits 1.7 million tons of carbon dioxide annually worldwide. That amount, more than half of which is generated by peacekeeping operations, represents just 3.3 per cent of emissions generated by New York City, the host city of...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline...