VOLUME 7

THE COLLECTED SCIENTIFIC PAPERS OF

PAUL A. SAMUELSON

Edited by Janice Murray

THE MIT PRESSCambridge, Massachusetts, and London, England

CONTENTS

Volume VII

Editor's Preface

Part VI. Stochastic Theory

460. Long-Run Risk Tolerance When Equity Returns are Mean Progressing:Pseudoparadoxes and Vindication of 'Businessman's Risk'Money, Macroeconomics, and Economic Policy, W.C. Brainard, W.D.Nordhaus and H.W. Watts, (eds.). Cambridge, Mass.: The MIT Press,181-204, 1991. 3

461. Paradise Lost and Refound: The Harvard ABC BarometersThe Journal of Portfolio Management, 13(3), 4-9, 1987. 23

462. The VN Law and Repeated RisktakingProbability, Statistics and Mathematics, Papers in Honor of Samuel Kar-lin, T.W. Anderson, K.B. Athreya and D.L. Iglehart (eds). San Diego,California and Orlando, Florida: The Academic Press, Inc., 291-306,1989. • 29

463. Asset Allocation Could Be Dangerous to Your HealthThe Journal of Portfolio Management, 16(3), 5-8, 1990. 45

464. The Long-Term Case For Equities and How It Can Be OversoldThe Journal of Portfolio Management, 21(1), 15-24, 1994. 49

465. The Irreducible Role of Derived Marginal Utility in Dynamic StochasticProgrammingPacific Economic Review, 1(1), 3-11, 1996. 59

466. Proof by Certainty Equivalents that Diversification-Across-Time DoesWorse, Risk Corrected, than Diversification-Throughout-TimeJournal of Risk and Uncertainty, 14(2), 129-142, 1997. 68

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467. Dogma of the Decade: Sure-Thing Risk Erosion for Long-HorizonInvestors (uncut version of edited article, published as "Dogma of theDay")Bloomberg Personal, 33—34, January-February, 1997. 82

468. The Judgment of Economic Science on Rational Portfolio Management:Indexing, Timing, and Long-Horizon EffectsThe Journal of Portfolio Management, 4-12, Fall, 1989. 86

469. At Last, a Rational Case for Long-Horizon Risk Tolerance and for Asset-Allocation Timing?Active Asset Allocation, State of the Art Portfolio Policies, Strategies andTactics, R. Arnold and F. Fabozzi (eds.). Chicago: Probus Publishing Co.,411-416,1992. 95

470. A Case at Last for Age-Phased Reduction in EquityProceedings of the National Academy of Sciences, USA, 86, 9048-9051,1989. 101

471. Risk Tolerances, Distributive Inequity, and Track Betters' EquilibriumEconomic Analysis of Markets and Games, Essays in Honor of FrankHahn, P. Dasgupta, D. Gale, O. Hart and E. Maskin (eds.). Cambridge,Mass.: The MIT Press, 602-620, 1992. 105

472. Grappling with the Rational Case for Long-Horizon Risky-EquitiesToleranceSpeech, University of Rome, Rome, Italy, 5 April 1995. 124 .

473. How Best to Flip-Flop if You Must: Integer Dynamic Stochastic Pro-gramming for Either-OrJournal of Risk and Uncertainty, 15(3), 183-190, 1997. 131

474. Estimating Probabilities Relevant to Calculating Relative Risk-CorrectedReturns of Alternative PortfoliosJournal of Risk and Uncertainty, 15(3), 191-200, 1997. 139

475. ForewordContinuous-time Finance, R.C. Merton. Cambridge, Mass.: Basil Black-well, Inc., xi-xii, 1990. 149

476. Reflections on Investing for Foundations and CollegesSpeech, U.S. Trust/Rutgers University Conference, New York, 17 No-vember 1993. 151

477. 'Tis Folly to Be WiseDow Jones Asset Management, 20-28, March/April 1998. 158

478. ForewordBogle on Mutual Funds, New Perspectives for the Intelligent Investor, J.C.Bogle. New York: Irwin Professional Publishing, iii-iv, 1993. 162

479. Foreword to "The Theory of Security Pricing and Market Structure,"M.E. Blume and J.J. SiegelJournal of Financial Markets, Institutions and Instruments, 1(3), 1-2,1992. 164

480. Comment: Clarifying Getting Older and Getting Richer EffectsJournal of Private Portfolio Management, 2(1), 25-26, 2000. 166

481. ForewordFinance, Z. Bodie and R.C. Merton. Upper Saddle River, New Jersey:Prentice-Hall, v, 2000. 168

482. The Classical Theory of Commodity Money Under a MicroscopeFrom Classical Economics to the Theory of the Firm, Essays in Honourof D.P. O'Brien, R. Backhouse and J. Creedy (eds.). Cheltenham, UK:Edward Elgar, 47-64, 1999. 169

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483. Modern Finance Theory Within One LifetimeMathematical Finance-Bachelier Congress 2000. H. Geman, D. Madan,S.R. Pliska and T. Vorst (eds.). Berlin, Heidelberg and New York: SpringerVerlag, 41-45, 2001. 187

484. One Way to Measure How Much Second Best 'Second Best' IsEconomic Theory, Dynamics and Markets, Essays in Honor of Ryuzo Sato,T. Negishi, R. Ramachandran and K. Mino (eds.). Norwell, Mass.: Klu-wer Academic Publishers, 1 -17, 2001. 192

485. A Small Pearl for Doctor Stiglitz's Sixtieth Birthday: When Risk AvertersPositively Relish 'Excess Volatility'Economics for an Imperfect World, Essays in Honor of Joseph E. Stiglitz,R. Arnott, B. Greenwald, R. Kanbur and B. Nalebuff (eds.). Cambridge,Mass.: The MIT Press, 11-16, 2003. 209

486. The Backward Art of Investing MoneyThe Journal of Portfolio Management, 30-33, September 2004. 215

487. ForewordLouis Bachelier's Theory of Speculation, the Origins of Modern Finance.Trans. M. Davis and A. Etheridge. Princeton: Princeton University Press,vii-xi, 2006. ' 218

488. Is Personal Finance a Science? '•The Future of Life-Cycle Saving and Investing, Z. Bodie, D. McLeavey andL.B. Siegel (eds.). Charlottesville, Virginia: The Research Foundation ofCFA Institute, 1-4, 2007. 223

489. Asymmetric or Symmetric Time Preference and Discounting in ManyFacets of Economic Theory: A MiscellanyJournal of Risk and Uncertainty, 37(2/3), 107-114, 2008. 227

490. The Economic Brownian MotionSpeech, American Philosophical Society, Philadelphia, 11 November 1960. '235

491. An Enjoyable Life Puzzling over Modern Finance TheoryAnnual Review of Financial Economics, 1, 19-35,2009. 245

492. On the Himalayan Shoulders of Harry MarkowitzHandbook of Portfolio Construction: Contemporary Applications ofMarkowitz Techniques, J.B. Guerard (ed.). New York: Springer U.S.,125-132,2010. 262

493. Book Review of Beat the Market: A Scientific Stock Market System, E.O.Thorp and S.T. KassoufJournal of the American Statistical Association, 63, 1049-1051, 1968. 270

Part VII. Current Economics and Policy494. The Present State of Economic Science and Its Probable Future

DevelopmentZeugen des Wissen, H. Maier-Leibnitz (ed.). Mainz: v. Hase & KoehlerVerlag, 1986. Reprinted Journal of Business Administration, 18(1/2), 2 1 -32, 1988/89. 275

495. The Science of Economics at Century's EndMainichi Shimbun, 65, 17-23, 1988. 287

496. The Number One Economic Problem is the Structural Budget DeficitBusiness, Economics and the Oval Office, Advice to the New Presidentand Other CEOs, Harvard Business Review, 6, 67-69, 1988. 293

497. A Personal View on Crises and Economic CyclesThe Risk of Economic Crisis, M. Feldstein (ed.). Chicago: The Universityof Chicago Press, 167-170, 1991. 296

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498. Has Economic Science Improved the System?American Society, Public and Private Responsibilities, W. Knowlton andR. Zeckhauser (eds.). New York: Harper Collins Publishers, 299-315,1986. 300

499. Thoughts on the Stockholm School and on Scandinavian EconomicsThe Stockholm School of Economics Revisited, L. Jonung (ed.). NewYork: Cambridge University Press, 391 -407, 1991'. 317

500. The To-Be-Expected Angst Created for Economists by MathematicsEastern Economic Journal, 20(3), 267-273, 1994. 334

501. How Not to Cure the Imbalance of Trade, published as "Where Iacoccaand Common Sense Err"The New York Times, 15 September 1985. 341

502. U.S. Economic Prospects and Policy Options: Impact on Japan-U.S.RelationsUnkept Promises, Unclear Consequences: U.S. Economic Policy and theJapanese Response, J.A. Rizzo and R. Sato (eds.). Cambridge: CambridgeUniversity Press, 109-136, 1988. 345

503. The Past and Future of International Trade TheoryNew Directions in Trade Theory, J. Levinsohn, A. Deardorff and R.M.Stern (eds.). Ann Arbor, Michigan: The University of Michigan Press,17-22, 1995. 373

504. American and European Economic Divergences at Century's EndLecture, Institut d'Economic Industrielle, University of Toulouse, Tou-louse, France, 9 May 1996. 379

505. How Economics Has ChangedJournal of Economic Education, 18(2), 107-110, 1987. 388

506. Leaning Against What Inflationary Wind?Challenge, 36(5), 20-26, 1993. 392

507. Economic Science Grapples with Dilemmas of International FinanceLionel Robbins Memorial Lecture, Claremont College, California,28 January 1991. 399

508. Recurring Quandaries in International TradeKeynote Address, Conference on International Finance Markets, NewYork University, New York, 5 May 1988. 408

509. Realities for a Fine June DaySpeech, Harvard Business School Class of 1948 Reunion, Cambridge,Massachusetts, 5 June 1993. 414

510. Informal Thoughts about MacroeconomicsRoundtable Discussion, Banca d'ltalia, Rome, Italy, 3 October 1997. 420

511. Two Gods That FailChallenge, 42(5), 29-33, 1999. ' 426

512. ForewordPassion and Craft, Economists at Work, M. Szenberg (ed.). Ann Arbor,Michigan: The University of Michigan Press, xi-xiv, 1998. 431

513. Book Review of Globalization and the Theory of Input Trade, R.W. JonesReview of International Economics, 9(3), 547-549, 2001. 435

514. Innovational Progress Sans ThriftJapan and the World Economy, 14(3), 281-284, 2002. 438

515. The State of the World EconomyMonetary Stability and Economic Growth, A Dialog Between LeadingEconomists, R.A. Mundell and P.J. Zak (eds.). Cheltenham: Edward El-gar Publishing Limited, 24-37, 2002. 442

Contents

516. Pure Theory Aspects of Industrial Organization and GlobalizationJapan and the World Economy, 15(1), 89-90, 2003. 456

517. A Few Theoretical Aspects of DeregulationJapan and the World Economy, 15(1), 131-133, 2003. 458

518. The Pros and Cons of GlobalizationJapan and the World Economy, 18(4), 593-594, 2006. 461

Part VIII. Miscellany519. The Law Beats Maxwell's Demon

Scientific Correspondence, Nature, 347(6), 24-25, 1990. 467520. Conserved Energy Without Work or Heat

Proceedings of the National Academy of Sciences, USA, 89, 1090-1094,1992. 469

521. Economics and Thermodynamics: von Neumann's Problematic ConjectureRational Interaction, Essays in Honor of John C. Harsanyi, R. Selten (ed.).New York: Springer-Verlag, 377-389, 1992. 474

522. Factor-Price Equalization by Trade in Joint and Non-Joint ProductionReview of International Economics, 1(1), 1-9, 1992. 492

523. Altruism as a Problem Involving Group versus Individual Selection inEconomics and BiologyAmerican Economic Review, 83(2)^143-148, 1993. 501

524. Facets of Balassa-Samuelson Thirty Years LaterReview of International Economics, 2(3), 201-226, 1994. 507

525. ForewordThe Political Economy of the New Left—An Outsider's View, A. Lind-beck. New York: Harper & Row Publishers, ix-xxi, 1971. 533

526. On Just How Great 'Great Books' AreEuropean Journal of the History of Economic Thought, 8(3), 301-308,2001. 546

527. Reflections on How Biographies of Individual Scholars Can Relate to aScience's BiographyForeword, Inside the Economist's Mind, Conversations with EminentEconomists, PA. Samuelson and W.A. Barnett (eds.). Oxford: BlackwellPublishing Ltd., viii-x, 2007. 550

528. An Interview with Paul A. Samuelson, by William BarnettInside the Economist's Mind, Conversations with Eminent Economists, P.A.Samuelson and W.A. Barnett (eds.). Oxford: Blackwell Publishing Ltd.,143-164,2007. 553

529. Advance of Total Factor Productivity from Entrepreneurial InnovationsEntrepreneurship, Growth, and Public Policy, Z.J. Acs, D.B. Audrestchand R.J. Strom (eds.). Cambridge and New York: Cambridge UniversityPress, 71-78, 2009. 575

Part IX. Biographical Writings530. The 1985 Nobel Prize in Economics

Science, 231, 1399-1401, March 1986. 585531. Jacob Viner 1892-1970

Remembering the University of Chicago Teachers, Scientists, and Scholars,E. Shils (ed.). Chicago: The University of Chicago Press, 533-547, 1991. 588

532. Irving Fisher 1867-1947Irving Fisher's 'The Nature of Capital and Income', M. Tochtermann (ed.)(published in German). Dusseldorf: Verlag Wirtschaft und Finanzen,47-55, 1991. 602

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533. An Economist's EconomistObituary of Walter Heller, The New York Times, 23 June 1987. 611

534. Robert Solow: An Affectionate PortraitJournal of Economic Perspectives, 3(3), 91-97, 1989. 613

535. Galbraith as Artist and ScientistUnconventional Wisdom, Essays in Economics in Honor of John KennethGalbraith, S. Bowles, R. Edwards and W.G. Shepherd (eds.). Boston: TheHoughton Mifflin Co., 123-128, 1989. 620

536. Tribute to Nicholas Georgescu-Roegen on His 85th BirthdayLibertas Mathematica, 10, 1-4, 1990. 626

537. Schumpeter, Joseph Alois (with "1991 Afterthoughts on Schumpeter,"unpublished)Dictionary of American Biography, Supplement 4, 1946-1950, J.A. Garryand E.T. James (eds.). New York: Charles Scribner's Son, 720-723, 1974. 629

538. Gottfried Haberler (1990-1995)The Economic Journal, 106(439), 1679-1687, 1996. 637

539. Gibbs in EconomicsProceedings of the Gibbs Symposium Yale University May 15-17, 1989,D.G. Caldi and G.D. Mostow (eds.). Providence, Rhode Island: Ameri-can Mathematical Society, 255-267, 1989. 646

540. Remembering JoanJoan Robinson and Modern Economic Theory, G.R. Feiwel (ed.). NewYork: The New York University Press, 121-143, 1989. 659

541. The Fitness Maximized by the Classical Canonical Economy: A Themefrom Houthakker and R.A. FisherAggregation, Consumption and Trade, Essays in Honor of H. S. Houthak-ker, L. Phlips and L.D. Taylor (eds.). Dordrecht: Kluwer Academic Pub-lishers, 9-19, 1992. 682

542. Leontief's 'The Economy as a Circular Flow': An IntroductionStructural Change and Economic Dynamics, 2(1), 177—179, 1991. 693

543. Homage to Chakravarty: Thoughts on His Lumping Schumpeter withMarx to Define a Paradigm Alternative to Mainstream Growth TheoriesCapital, Investment and Development, Essays in Memory of SukhamoyChakravarty, K. Basu, M. Majumdar and T. Mitra (eds.). Oxford: Black-well Publishers, 244-258, 1993. 696

544. Tribute to Wolfgang Stolper on the Fiftieth Anniversary of the Stolper-Samuelson TheoremThe Stolper-Samuelson Theorem, A Golden Jubilee, A.V Deardorff andR.M. Stern (eds.). Ann Arbor: The University of Michigan Press, 343-349,1994. 711

545. Tribute to Jan Tinbergen: One Exact Match for Economics and PhysicsIndian Journal of Applied Economics, 5(3), 1-16, 1996. 718

546. Gustav Cassel's Scientific Innovations: Claims and RealitiesHistory of Political Economy, 25(3), 515-527, 1993. 734

547. Piero Sraffa (1898-1983) (published in Italian as "Un genio con pocheopera")Corriere delta Sera, 6 March 1983. x 747

548. Knut Wicksell (published as "Wicksells Werk und Personlichkeit - Einekritische Analyse in moderner Sicht")Foreword to Faksimile-Edition of Wicksell's "Finanztheoretische Un-tersuchungen," Klassiker der Nationalokonomie (published in German).Dusseldorf: Verlag Wirtschaft und Finanzen, 25-36, 1988. 751

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549. Some Memories of Norbert WeinerProceedings of Symposia in Pure Mathematics, Vol. 60, The Legacy ofNorbert Weiner A Centennial Symposium, D. Jerison, I.M. Singer andD.W. Stroock (eds.). Providence, Rhode Island: American MathematicalSociety, 37-42, 1997. 761

550. Gottfried Haberler as Economic Sage and Trade Theory InnovationWirtschafts Politische Blatter, 37, 310-317, 1990. 767

551. Wicksell and Neoclassical EconomicsThe New Palgrave: A Dictionary of Economics, Vol. IV, J. Eatwell, M. Mil-gate and P. Newman (eds.). London and Basingstoke: The MacmillanPress, 908-910, 1987. 775

552. Harold Freeman (1909-1997)Memorial Service Tribute, MIT, Cambridge, Massachusetts, 10 March1998. 778

553. My John HicksIndian Journal of Applied Economics, 7(4), 1-4, 1998. Reproduced in JohnHicks, His Contribution to Economic Theory and Application, K. Putta-swamaiah (ed.). New Brunswick and London: Transaction Publishers, 1-4,2001. 782

554. ForewordTrade, Welfare, and Economic Policies, Essays in Honor of Murray C.Kemp, H. Herberg and N. Van Long (eds.). Ann Arbor: The Universityof Michigan Press, vii-viii, 1993. * 786

555. ForewordBioeconomics and Sustainability, Essays in Honor of Nicholas Georgescu-Roegen, K. Mayumi and J.M. Gowdy (eds.). Cheltenham, UK andNorthampton, Mass.: Edward Elgar Publishing, xiii-xvii, 1999. 788

556. Book Review of The Economics of Irving Fisher. Reviewing the ScientificWork of a Great Economist, H-E. Loef and H.G. Monissen (eds.).European Journal of the History of Economic Thought, 8(2), 263-270,2001. 793

557. A Personal Tribute to John HarsanyiGames and Economic Behavior, 36, 28-29, 2001. 801

558. David Ricardo (1772-1823)International Encyclopedia of the Social and Behavioral Sciences, N.J.Smelser and P.B. Baltes (eds.). Oxford: Pergamon, 13330-13334, 2001. 803

559. My Bertil OhlinBertil Ohlin, A Centennial Celebration (1899-1999), R. Findlay, L. Jo-nung and M. Lundahl (eds.). Cambridge, Mass.: The MIT Press, 51-61,2002. 808

560. Edmund Phelps, Insider-Economists' InsiderKnowledge, Information and Expectations in Modern Macroeconomics,in Honor of Edmund S. Phelps, P. Aghion, R. Frydman, J. Stiglitz andM. Woodward (eds.). Princeton: Princeton University Press, 1-2, 2003. 819

561. Reflections on the Schumpeter I Knew WellJournal of Evolutionary Economics, 13(5), 463-467, 2003. Reproducedin Entrepreneurship, the New Economy and Public Policy, SchumpeterianPerspectives, U. Cantner, E. Dinopoulos and R. Lanzillotti (eds.). Berlin,Heidelberg and New York: Springer-Verlag, 2005. 821

562. A Portrait of the Master as a Young ManWassily Leontief and Input-Output Economics, E. Dietzenbacher andM.L. Lahr (eds.). Cambridge: Cambridge University Press, 3-8, 2004. 826

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563.nAbram Bergson, 1914-2003, A Biographical Memoir by Paul A.SamuelsonBiographical Memoirs, vol. 84. Washington, D.C.: The National Acad-emies Press, 3-14, 2004. 832

564. Samuelson on Harry [Gordon Johnson], the Full AchieverThe American Journal of Economics and Sociology. 60(3), 601-606, 2001. 841

565. Franco: A Mind Never at RestBanco Nazionale del Lavoro Quarterly Review, 58(233/234), 5-6, 2005. 847

566. Alice Bourneuf i.Notable American Women, A Biographical Dictionary Completing the20th Century, S. Ware (ed.). Cambridge, Massachusetts and London: TheBelknap Press of Harvard University Press, 72-73, 2004. 852

567. Affectionate Reminiscences of Richard MusgraveFinanzArchiv, 64(2), 166-168, 2008. 854

568. An Economist Even Greater Than His High ReputationMarkets, Money and Capital: Hicksian Economics for the Twenty FirstCentury, R. Scazzeri, A. Sen and S. Zamagni (eds.). Cambridge: Cam-bridge University Press, 49-51, 2009. 857

569. Remembering Milton FriedmanMilton Friedman, Nobel Monetary Economist, a review of his theories andpolicies, K. Puttaswamaiah (ed.). Enfield, New Hampshire: Isle Publish-ing Company, 31 -36, 2009. 860

570. A Few Remembrances of Friedrich von Hayek (1899-1992)Journal of Economic Behavior and Organization 69, 1 -4 , 2009. 866

571. Thiinen: An Economist Ahead of His TimesThe Isolated State in Relation to Agriculture and Political Economy, PartIII: Principles for the Determination of Rent, the Most AdvantageousRotation Period and the Value of Stands of Varying Age in Pinewoods,Johann Heinrich von Thiinen, U. van Suntum (ed.). New York: PalgraveMacmillan, St. Martin's Press, xii-xiv, 2009. 870

572. The Schumpeter Circle at Harvard: 1932-1950Journal of Evolutionary Economics, Forthcoming in a special issue onJoseph Schumpeter. 873

573. The Richard Goodwin Circle at Harvard (1938-1950)Computable, Constructive and Behavioural Economic Dynamics, Essays inHonour of Kumaraswamy (Vela) Velupillai, S. Zambelli (ed.). Abingdon:Routledge, 49-54, 2010. 878

Part X. Autobiographical Writings574. My Life Philosophy: Policy Credos and Working Ways

Eminent Economists, Their Life Philosophies, M. Szenberg (ed.). NewYork: Cambridge University Press, 236-247, 1991. 887

575. Statistical Flowers Caught in AmberStatistical Science, 6(4), 330-338, 1991. 899

576. On the Historiography of Economics: A Correspondence (with MarkBlaug and Don Patinkin)Journal of the History of Economic Thought, 13(2), 144-158, 1991. 908

577. The Passing of the Guard in EconomicsEastern Economic Journal, 14(4), 312-329, 1988. 923

578. Economics in Our TimeSpeech on the occasion of the 90th anniversary of the Nobel Prize. Stock-holm, Sweden, 6 December 1991. 935

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579. Me and KennedySpeech, Examiner Club, Boston, Massachusetts, 3 January 1994. 950

580. At Eighty: MIT and ISpeech, Paul A. Samuelson's MIT 80th birthday party, Boston, Massa-chusetts, 30 April 1995. 964

581. Paul Anthony Samuelson (b. 1915) (interview)The Coming of Keynesianism to America, Conversations with the Foundersof Keynesian Economics, D. Colander and H. Landreth (eds.). Chelten-ham, UK: Edward Elgar Publishing Limited, 145-178, 1995. 969

582. Credo of a Lucky Textbook AuthorJournal of Economic Perspectives, 11(2), 153-160, 1997. 1003

583. On CollaborationThe American Economist, 40(2), 16-21, 1996. 1011

584. Joint Authorship in Sciences: Serendipity with Wolfgang StolperJournal of Institutional and Theoretical Economics, 143(2), 235-243, 1987. 1017

585. The Fallibility of Economic ScienceThird Julius Steinberg Memorial Lecture, The Wharton School of theUniversity of Pennsylvania, Philadelphia, 2 October 1985. 1026

586. How Foundations Came To BePaul A. Samuelson's " Foundations of Economic Analysis," Vademecum zueinem Klassiker der Gegenwart, J. Niehans, PA. Samuelson and C.C. vonWeizsacker (published in German): Dusseldorf: Verlag Wirtschaft undFinanzen, 27-52, 1997. Published in English (abridged) in Journal ofEconomic Literature, 36(3), 1375-1386, 1998. 1039

587. A Golden BirthdayEconomics, 16th edition, PA. Samuelson and W. D. Nordhaus. NewYork: Irwin McGraw-Hill, xxiv-xxvii, 1998. 1059

588. ForewordEconomics, An Introductory Analysis, P.A. Samuelson. Reissued first(1948) edition. New York: McGraw-Hill, iii-iv, 1998. 1063

589. Samuelson's Economics at Fifty: Remarks on the Occasion of the An-niversary of PublicationJournal of Economic Education, 30(4), 352-355, 1999. 1065

590. Economics and the Kennedy PresidencySpeech, Brookings Institution, Washington, D.C., 12 November 1999. 1069

591. The First Fifteen Nobel Laureates in Economics, and Fifteen MoreMight-Have-BeensSpeech, Lindau Economics Nobel Laureates Conference, Lindau, Ger-many, September, 2004. 1072

592. Paul A. SamuelsonThe Changing Face of Economics, Conversations with Cutting Edge Econo-mists, D. Colander, R.P.F. Holt and J.B. Rosser, Jr. (eds.). Ann Arbor: TheUniversity of Michigan Press, 309-313, 2004. 1078

593. Pastiches From an Earlier Politically Correct Academic AgeEditing Economics: Essays in Honour of Mark Perlman, H. Lim, U.S. Parkand G.C. Harcourt (eds.). London and New York: Routledge, 47-55,2002. 1083

594. Memoirs of an Early Finance TheoristModern Risk Management: A History, introduced by P. Field. London:Risk Books, 587-589, 2003. 1092

595. Three MolesBulletin, 62(2), 83-84, 2009. 1095

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596. Paul A. Samuelson (interview)Roads to Wisdom, Conversations with Ten Nobel Laureates in Economics,K.I. Horn. Cheltenham: Edward Elgar Publishing Limited, 39-57, 2009. 1097

597. In Search of George Stigler and the Chicago School—A Conversationwith Paul Samuelson " -Southside Blues: Conversations in Search of George Stigler, C. Friedman.Cheltenham: Edward Elgar Publishing, forthcoming. 1116

Contents of Volumes I-VI 1139

Acknowledgments 1171

Index 1193

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