Paul Samuelson Vs. Charles Tiebout

Paul Samuelson vs. Charles Teibout

Fiscal Federalism- is the system of transfer payments or grants by which a federal

government shares its revenue with lower levels of government. Federal

governments use this power to enforce national rules and standards.

Devolution- is the statutory granting of powers from the central government of a

state to government at national, regional or local level. The devolution can be mainly

financial, for example: giving areas a budget which was formerly administrated by

central government.

Monocentric Urban Model- a model in which all employment is located in the

CBD (Central Building District), and the number of trips per worker is fixed, the number

of miles a household travels is proportional to how far from the CBD it is located. This

depends on the rent gradient it faces and on the marginal cost of travel, which, in general,

varies with distance from the CBD.

Paul Samuelson

Paul Samuelson was born in 1915 in Gary Indiana. He moved to Chicago in 1923 where he later studied at the University of Chicago.

Education

• Received the degree of Bachelor of Arts from University of Chicago in 1935 (where he studied under Knight and Viner)

• Received degrees of Master of Arts in 1936 and Doctor of Philosophy in 1941 from Harvard University (where he studied under Schumpeter and Leontief)

• A Social Science Research Council predoctoral fellow from 1935-1937

• A member of the Society of Fellows, Harvard University, 1937-1940

• A Ford Foundation Research Fellow from 1958-1959

• Received honorary Doctor of Laws degrees from the University of Chicago and Oberlin College in 1961, and from Indiana University and East Anglia University (England) in 1966.

• Received honorary Doctor of Social Sciences degree from Yale University in 2005. (Wikipedia)

Working Positions

• Came to M.I.T. in 1940 as an Assistant Professor of Economics and was appointed Associate Professor in 1944.

• Served as a staff member of the Radiation Laboratory from 1944-1945

• Professor of International Economic Relations (part-time) at the Fletcher School of Law and Diplomacy in 1945.

• Professor at M.I.T. in 1947 and now an Institute Professor.

• Guggenheim Fellow from 1948-1949. (Wikipedia)

Awards