The second one was awarded in the area of basic economic research, without any immediate aims of statistical, immediate confrontation, to Professor Paul Samuelson, for his contribution to raising general analytical and methodological level in economic science, specifically in four main areas. 1) dynamic theory and stability analysis: "correspondence principle" - a bridge between static and dynamic principle, as he found the conditions for economic stability and the transition to new equilibrium price. 2) consumption theory and the closely connected theory of index numbers: "revealed preferences" - a new tool for analysis in consumption theory 3) general equilibrium theory - its application in international trade resulted in the understanding that free trade is superior to protection 4) capital theory - he showed that it's possible to develop a logical capital theory, and that he also elaborated the conditions for economic efficiency over time - his famous "turnpike theorem"!
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