Top 5 Contributions of Paul A. Samuelson to Economics
The following points highlight the top five contributions of Paul A. Samuelson to Economics to Economics. The contributions are: 1. Theory of Revealed Preference 2. Business Cycles 3. Social Welfare Function 4. Samuelson's Utility Possibility Approach 5. Inflation. Contribution # 1. Theory of Revealed Preference: In revealed preference theory, the consumer is supposed to reveal his preferences. When a consumer [...]