Paul
Samuelson---Honoured with many awards, he is an American economist
following in the tradition of British economist John Maynard
Keynes. Professor Samuelson wrote books galore and was evidently great at departmental
duties at MIT: an accelerator of internal well being here. He “fathered” quite
a few Nobel Prize winning economists along with Professor Stanley Fischer,
including Professor Paul
Krugman. One legend has it Samuelson is the father of modern economics, running
a close tie with British economist Alfred Marshall.
Professor Samuelson’s work is behind Professor Francis Bator’s mathematical
analysis Anatomy of a Market Failure,
1958, Quarterly Journal of Economics. Many thanks are in order to all these
economists for the mention and for help with this definition. Many thanks are
in order to MIT, the Quarterly Journal of Economics and to Wikipedia also. Unfortunately,
I do not know the month of publication of Professor Bator’s rather awesome
paper…I seem to have misplaced it. I do have, however, the weathered remains an
assignment I wrote, explaining at the most basic grassroots level to myself, the
analysis presented by Professor Bator and thank you. My tattered old paper, assigned by Professor James Thornton, has been at mind and heart
through some very trying times scheduling a high school, writing/modifying algorithms,
and preparing educational data for release to the public.