Word: samuelson
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Nobel prize-winning economist Paul A. Samuelson said yesterday he signed the petition out of an "interest in having information on the POW's made public...
Their fear was caused by an announcement by the Marxist-Leninist People's Revolution Army, or E.R.P., which kidnaped an Esso Argentina executive, Victor Samuelson, 36, a month ago. The terrorists have said that he will be "tried" to determine the "crimes" of multinational corporations. The implication was that if found guilty, Samuelson would be executed. The guerrillas added that Exxon, Esso's U.S. parent company, owed $10 million in "back taxes," payable to E.R.P. Last week Esso was still negotiating with the guerrillas on payment of the ransom, believed to be the largest ever demanded in Argentina...
Considering how easily Samuelson, the general manager of Esso's Campana refinery, was kidnaped, foreign executives had reason to worry. Eight E.R.P. terrorists burst into the club run by Esso for employees of its Campana plant, 50 miles northwest of Buenos Aires. They headed straight for the table where Samuelson sat lunching with friends. Six other kidnapers, who had earlier infiltrated the club, quickly rose from their tables to help shove the American into a getaway car. Several days later a photograph was sent to Buenos Aires newspapers by the E.R.P. showing a nervous Samuelson posed in front...
Born in St. Petersburg in 1906, Leontief studied at the University of Leningrad before his family fled Communism. He earned a doctorate in economics at the University of Berlin, and in 1931 joined the faculty at Harvard. Among his students in 1935 was Paul Samuelson, the M.I.T. professor who won the second Nobel economics prize in 1970. Besides Leontief and Samuelson, Harvard's Simon Kuznets-also a Russian émigré-won the award in 1971, and Harvard's Kenneth J. Arrow shared it in 1972. Cracked Leontief: "Do you think there should be an antitrust investigation...
...economist Paul A. Samuelson, who received the prize in 1970, jokingly told newsmen the presence of four Nobel medals for Economics in Cambridge was enough to warrant an anti-trust suit...