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Who is known as the father of modern economics?
- Paul Samuelson:Paul Samuelson is called the father of modern economics for multiple reasons, not the least of which is his receiving the Nobel Prize in Economics. He received the prize in 1970 as recognition for his work that transformed the basic principles of economics. Samuelson insisted that mathematics is an essential elements in economics. His numerous contributions to the field of economics were groundbreaking, providing the foundation for building modern economic principles. Samuelson literally wrote the book on the subject. His textbook, "Economics: An Introductory Analysis," is one of the most widely used in American education. Source: BetterWorld.MIT.edu
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