Both Tobin and Samuelson have also come out against the minimum wage.

Samuelson was also the first ski racer, first to go over a jump ramp, first to slalom ski, and the first to put on a water ski show.

Leontief won the Nobel Committee's Nobel Memorial Prize in Economic Sciences in 1973, and three of his doctoral students have also been awarded the prize ( Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002 ).

He was also called " the best that Exeter and Harvard can produce " and regarded as " among the most promising economists of his generation " by Nobel Prize-winning economist Paul Samuelson.

He also impresses the pilot, Samuelson, who knew the captain of the recently crashed Reindeer and had rejected with scorn the conclusion reached by the official inquiry that the crash occurred as a result of pilot error.

Olton and Samuelson also found when they switched some already-visited arms into as yet unvisited locations partway through a trial, the rats tended to visit as-yet unvisited locations even when doing so meant running down arms that had already been traversed, and tended to avoid arms that had not yet been traversed but were now in previously visited locations.

The Balassa – Samuelson effect, also known as Harrod – Balassa – Samuelson effect ( Kravis and Lipsey 1983 ), the Ricardo – Viner – Harrod – Balassa – Samuelson – Penn – Bhagwati effect ( Samuelson 1994, p. 201 ), productivity biased purchasing power parity ( PPP ) ( Officer 1976 ) and the rule of five eights ( David 1972 ) is either of two related things:

Victor E. Samuelson ( born 1937 ) was an Exxon United States oil company refinery manager who was kidnapped by Argentine guerrillas of the Marxist People's Revolutionary Army, also known as Ejército Revolucionario del Pueblo in Campora on December 3, 1973, who threatened to execute him for the " crimes " of multinational corporations.

At the 1959 American Economic Association Conference ( AEAC ), Paul Samuelson and Robert Solow, economists from the Massachusetts Institute of Technology, argued that the application of American wage and price statistical data to the Phillips curve indicated high levels of employment could be achieved with moderate levels of inflation.

He had first come up with the idea when he developed a wish to see his paintings move, and he subsequently began discussing the idea of creating an animation with an artist named Bruce Samuelson.

In 1966, the American Water Ski Association formally acknowledged Samuelson as the first water skiier on record.

Samuelson never patented any of his skiing equipment, but the first patent for water skis was by Fred Waller for skis called Dolphin Akwa-Skees.

Paul A. Samuelson is usually credited as the first economist to develop the theory of public goods.

* Paul Samuelson, first American Nobel laureate in economics

For example, in one of his major works, Économie et Intérêt ( 1947 ), he introduced the first overlapping generations model ( later popularized by Paul Samuelson in 1958 ), introduced the golden rule of optimal growth ( later popularized by Edmund Phelps ) or described the transaction demand for money rule ( later found in William Baumol's work ).

He quoted one librarian as writing, “ If the library were on fire, this would be the reference book I would try and save first ,” and another saying, The “ Statistical Abstract has for years been one of the top five reference books used by students and faculty at South Dakota State University .” Samuelson said he didn't think the librarians ' protest would have much effect.

Salazar was primarily responsible for guiding Armstrong for the first of the race, while Joan Benoit Samuelson oversaw the next, and Hicham El Guerrouj the final.

: Borrowing a notion apparently first used in economics by Paul Samuelson, this model of taxation and the predicted dependency of output on the tax rate, illustrates an operationally meaningful theorem ; that is one which requires some economically meaningful assumption which is falsifiable under certain conditions.

Gary C. " Gar " Samuelson ( February 18, 1958 in Dunkirk, New York – July 14, 1999 in Orange City, Florida ) was a drummer best remembered for his work with the thrash metal band Megadeth from 1984 – 1987, contributing to their first 2 albums.

Red Stripe Vice President of Marketing Randolph Samuelson II was the first black man to win this festival, and it has held a special place in his heart since he broke the color barrier and won the championship in 1971.

Olton and Samuelson found that rats have excellent memories for visited and or unvisited arms ; they made, on average, about 7. 0 novel entries in their first 8 choices, and thus were 88 % correct.

However, more sophisticated models with multiple classes of worker productivity have been shown to produce the Stolper – Samuelson effect within each class of labour: Unskilled workers producing traded goods in a high-skill country will be worse off as international trade increases, because, relative to the world market in the good they produce, an unskilled first world production-line worker is a less abundant factor of production than capital.

Influenced by the works of Eugene Fama, Burton Malkiel, and Paul Samuelson, Mr. Bogle founded the Vanguard 500 Index Fund in 1975 as the first index mutual fund available to the general public.

Léon Walras had proposed the first such process in 1874, and Paul Samuelson formalized such a procedure as a system of differential equations in 1948.

Ralph Wilford Samuelson ( July 3, 1904 – August 28, 1977 ) was the inventor of water skiing, which he first performed in the summer of 1922 in Lake City, Minnesota, just before his 19th birthday.

Samuelson first succeeded on June 28 by starting off wearing skis while standing on top of an aquaplane board, and then slipping one foot and then the other into the water.

On July 8, 1925, Samuelson went on to perform the first ski jump on water.

Koering was first elected in 2002, defeating longtime senator and Democrat Don Samuelson, who had been the senate president.

Despite this comment, Samuelson spent the last 50 years of his life obsessed with the problems of capital theory identified by Hayek and Böhm-Bawerk, and Samuelson flatly judged Hayek to have been right and his own teacher, Joseph Schumpeter, to have been wrong on the central economic question of the 20th century, the feasibility of socialist economic planning in a production goods dominated economy.

In 1947, Samuelson published Foundations of Economic Analysis, based on his doctoral dissertation.

Water skiing was invented in 1922 when Ralph Samuelson used a pair of boards as skis and a clothesline as a tow rope on Lake Pepin in Lake City, Minnesota.

His advisor at the time, Paul Samuelson, brought him on board Arbitrage Management Company ( AMC ), to join founder Michael Goodkin and chief executive Harry Markowitz.

Dionne, Ezra Klein, Greg Sargent, and Eugene Robinson ), and some on the right ( including George Will, Marc Thiessen, Robert Kagan, Robert Samuelson, Michael Gerson, and Charles Krauthammer ).

Summers was born in New Haven, Connecticut, on November 30, 1954, into a Jewish family, the son of two economists, Robert Summers and Anita Summers of ( Romanian-Jewish ancestry ), who are both professors at the University of Pennsylvania, as well as the nephew of two Nobel laureates in economics: Paul Samuelson ( sibling of Robert Summers, who, following an older brother's example, changed the family name from Samuelson to Summers ) and Kenneth Arrow ( Anita Summers's brother ).

He moved to Los Angeles in 1977, where from 1977 to 1982 he was the lead guitarist in the New Yorkers, a Jazz / Rock fusion band, with Robert Pagliari on fretless bass, Gar Samuelson on drums, Stu Samuelson on guitar, and Don Roper on saxophone.

Victor E. Samuelson, an Exxon executive, was abducted on 6 December 1973 by the ERP.

A newly tooled Commer 2500 mini bus body was used for the Samuelson Mobile Camera Van ( 479 ) issued in December 1967 which included a detailed cast metal model of a Panavision film camera and plastic cameraman on a metal plinth that could be either attached to the vehicle's roofrack or to the front or rear of the van for tracking shots.

The Commer Holiday Camp Special bus ( 508 ) issued in August 1968 was based on the earlier Samuelson Commer Film Unit bus, and featured bright orange and white paintwork with a decal fixed on one side on the vehicle, together with a plastic representation of luggage under cover on the roof rack.

Samuelson died at the age of 41 in Orange City, Florida on July 14, 1999 ; the cause of death was reportedly liver failure.

Donald William Samuelson ( July 27, 1913 – January 20, 2000 ) was a Republican politician from the US state of Idaho.

Samuelson did not patent his invention, nor was his work sufficiently publicized at the time to prevent U. S. Patent 1, 559, 390 for water skis from being subsequently issued, on October 27, 1925, to prolific inventor Fred Waller of Huntington, New York.