Larry Samuelson Quotes

Larry Samuelson is the A. Douglas Melamed Professor of Economics at Yale University and one of the faculty of the Cowles Foundation of Yale University. Samuelson earned his B.A. in Economics/Political Science from the University of Illinois in 1974. He continued on with the University of Illinois for both his Masters in 1977 and his PhD in 1978—both in Economics.He has previously held faculty positions at the University of Florida, Syracuse University, Penn State and the University of Wisconsin.

He has made significant contributions to microeconomic theory and game theory. Areas of specialization include the theory of repeated games and the evolutionary foundations of economic behavior.

Samuelson has served on the editorial boards of Games and Economic Behavior, the International Journal of Game Theory, Economic Theory, the Journal of Economic Theory, Theoretical Economics, the Journal of Economic Literature, and Econometrica. He has served as a co-editor of Econometrica and the American Economic Review. Wikipedia

✵ 1953

“In the beginning, at least for academics, there was philosophy. All of learned inquiry occurred within the discipline of philosophy and was carried out by philosophers. We retain the vestiges of this organization in our practice of awarding a single advanced academic degree, the Ph. D. or Doctor of Philosophy.’ As our understanding of the world around us grew, however, various areas of philosophy became sufficiently well understood to graduate into their own disciplines. Mathematics and the physical and biological sciences were the first to appear, followed more recently by the social sciences. Emerging as its own discipline is only the first step toward becoming a mature field of study. Economics is unique among the social sciences for the number of remaining steps it has taken. Unlike many social sciences, economics has a well-defined core set of methods. The first year graduate program in economics is virtually indistinguishable across American universities, consisting of microeconomics, macroeconomics and econometrics. As a result, economics can be easily defined by its tools of inquiry as by the target of its inquiry.”

Larry Samuelson

Larry Samuelson. "Bounded Rationality and Game Theory", The Quarterly Review of Economics and Finance, Vol. 36, Special Issue, 1996, pages 17-35.