Tuesday, May 18, 2010
I deserve several lashes with an inelastic demand curve. I missed Paul Samuelson's birthday on May 15. Samuelson was the first American to win the Nobel Prize in economics. He was one of the leading proponents of the mathematization of the discipline. And his textbook was the best-selling textbook of all time, and was responsible for many of you learning your principles. I say "many of you" because I must be one of the few people who didn't use Samuelson in my principles course. You can learn more about Paul Samuelson at this site.