This economist is the namesake of the effect in which futures prices become more volatile as the delivery date draws closer.
This economist is the namesake of the effect in which futures prices become more volatile as the delivery date draws closer. He built off the work of Bertil Ohlin to show the situations in which trade differentials would be driven to zero with his factor price equalization theorem. This economist showed that a theory of consumer behavior could be derived without the notion of marginal utility by using very general assumptions like the weak axiom of revealed preference. He demonstrated that nearly all behavior can be seen as maximizing or minimizing subject to restrictions in his magnum opus Foundations of Economic Analysis, which is often credited along with the rest of his work with popularizing rigorous mathematical analysis in economics. For 10 points, name this first American Nobel prize winner and author of the popular textbook Economics.
This economist is the namesake of the effect in which futures prices become more volatile as the delivery date draws closer.
Paul Anthony Samuelson