Savon is a master of style on the love and respect for the law of economics
Associate Dean of Economics, Fudan University, Professor of Finance Sun Lijian
all new to Western economics of young Chinese may be the first to know the name of Paul A. Samuelson, his have been translated into forty languages of the classic textbook MBA courses offered in the mainland, which is used to open the economics of teaching materials based on the course. recalls today, ten years ago around the content of his teaching and the students started with a field of discussion, and inspiration of his teaching materials one by one under development case study of China's economy, still vividly remembered. Although the master has passed away today, his profession, but his deep understanding of economics and keen insight will always be like him, full of infection and on the economics groups of young love students. In particular, I was impressed, also received the Nobel Prize was the standard-bearer of financial engineering is because of watching Robert C. Merton Samuelson economics textbook and related papers, before deciding change their mathematics at Columbia University research laid, followed by Massachusetts Institute of Technology instructor to go with the Samuelson with unlimited imagination and create enormous potential for the option pricing theory. Savon, not only through his economics textbook in the world infection from generation to generation has talent and is willing to economics, economics, life-long efforts to put young students, but also to his knowledge Maxima horses bring out the eyes of one of the elite academic reputation results. When Morton to Harvard University, the University of Chicago,UGG shoes, Stanford University, Yale University, Princeton University and other top U.S. schools graduate admission application submission, and because of his academic background and was refused, it is Saon to a solid mathematical foundation of his own recognition of the Morton engaged in the research capacity of the Theory of Option Pricing, recruited him into the Massachusetts Institute of Technology postgraduate courses,bailey UGG boots, and accept him without a background in economics Cobain as his research assistant. and, with his hands in the future the process of , so that Morton will soon have in the field of option pricing insights and excellent results, with Savon's own words, mind and the concept of educating people both teaching and learning was touched.
Saon loving spirit of exploration and academic economics high priest laid his place in the world. He has served as American International Econometric Society, Economic Society president. 47 years to obtain Clark, the highest academic orientation Economics Prize, 70 years, won the first Nobel Prize in economics. It is said that in 1947 he published the monograph importance, therefore, the Nobel Prize in Economics was founded 69 years this is like the economics of his outstanding contribution to science with the highest rating given. Saon research in economics is extremely broad, with consumer theory , theory of the firm, welfare economics, capital theory, international economics, public economics, finance theory, population economics, economics history, there are statistics, econometrics and other emphasis on the contribution of mathematical methods, because of his coverage of the study so broad in order to write the classic economics textbook from generation to generation. His main research achievements of economics can enumerate in the following areas:
First of all, the prices reflected in neo-classical theory of fields, he first established characteristics of the consumer preference theory, the behavior of economic agents to optimize the connotation and extension of the rigorous theory construction, so that the demand theory has become very clear and concise, for future research in this area points out the direction. In addition, line planning of the dynamic system analysis tools successfully in the analysis of economic issues has been very good application, so that short-term and long-term Marshall comparative static analysis of the formation of a more rigorous system. And his final goods between prices and factor prices are not the views of consumer demand was still in a stage of embryonic development of analytical methods mm Industrial Union of laid off a solid theoretical foundation. Moreover, his decision to commodity prices, prices of production factors in the argument to open factor price equalization in international trade research hypothesis. Meanwhile, other financial assets, asset price random choice theory to the analysis of characteristics of clear direction. Secondly, in terms of macroeconomics, the multiplier theory and his theory of high academic acceleration status. Of course, not the excellence of economics Savon is the perfect level of his theory, for example, the framework of general equilibrium analysis and left behind a lot of room for further development and amendments. However, it is undeniable that, he will the science of economics to the problems of his life in the process of analysis has consistently shown in the rigorous proof like a style, has been thoroughly demonstrated. can be said that changed the way people Samuelson economics understanding, and even social scientific method of analysis, but also his life to thousands of young people striving for as continuing to explore its inherent deep in the law and the findings were again applied to the progress of human civilization.
as the Chinese public, we should first learn to Saon scientific method is to think about the complex laws of economics, to avoid the use of surface phenomena to easily see the outlines of a the non-existent ;. Moreover, from which, we should remind ourselves that in the absence of scientific economic analysis, premise, easy to make judgments, will be very easy to make mistakes all the policy level, which led to the cost of running our economy fearless increase. Of course, the analysis of Savon is definitely not in the pursuit of seemingly scientific methods to deduce from the reality of the non-existent between colleagues, always maintain the kind of teaching and learning, to explore the master mind. We can also say that Saon the master's touch is that he dedicated to the economic law of love and respect for the supremacy! because of his love, would do this to Economics wide variety of issues to explore the mechanism; because of his piety as respect for the scientific method will choose the internal laws of economics to be clearly spelled out.
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