A tete-a-tete between Guru Extraordinaire Paul Samuelson and his Genius Pupil, Dr. Swamy

A rare instance of a Shishya pointing out the error of the Guru and the Guru acknowledging it.

A tete-a-tete between Guru Extraordinaire Paul Samuelson and his Genius Pupil, Dr Swamy
A tete-a-tete between Guru Extraordinaire Paul Samuelson and his Genius Pupil, Dr Swamy

Rarely does one come across an instance when a Shishya points his Guru a mistake is the Guru’s work. Here is one such instance. Having beeng pointed the error, the Guru is gracious in accepting his error and thanks his Shishya for pointing it out.

Dr. Swamy the Shishya and Nobel Laureate Paul Samuelson, the Guru

I recently came across a treasure trove of correspondences between Nobel Laureate – Paul Samuelson and his genius student – Dr Swamy. It paints a vivid memory of academic rigour and gentleness that existed amongst the elites of world economics. During the correspondences we can see that Paul Samuelson treats Dr. Swamy as his own, looks for his welfare during the emergency and advises him to hold on to the academic chair as politics is a chancey trade.

Their correspondences extend for the period of 1965-2003 and cover various topics of development in the field of Economics, Harvard, IndiaChina income measures, GDP measurements, Tamil Nadu, Uttar Pradesh, Indian elections etc.,

Amongst those correspondences, I found an interesting piece where Dr Swamy gets surprised by the claim made by his professor. (Ref, Mar 14, 1968, Harvard University, Department of Economics)

Caught by surprise, Paul Samuelson acknowledges Dr Swamy’s point and went to add on further and expresses that he is grateful for writing it to him.

Later in 1984, while writing on an economic journal, Paul Samuelson went to acknowledge the contribution of Dr. Swamy made in 1976 to an economic journal on the same area – Ref – Second Thoughts on Analytical Income Comparisons – Paul A Samuelson – https://www.jstor.org/stable/2232349

Not to forget, Paul Samuelson got the Nobel Prize in 1970 and upon achieving the rare feat and co-authored paper with his favourite student – Dr Swamy in 1974, Invariable Economic Index Numbers and Canonical duality, which is quoted as the Authority in the fields of Monetary policy.

Mentorship is a lasting gift and it is fortunate that Dr. Swamy got it from Paul Samuelson and we are fortunate to get it from Dr. Swamy as well.

Note:
1. The views expressed here are those of the author and do not necessarily represent or reflect the views of PGurus.

23 COMMENTS

  1. excellent thanks bestwishesworlddramastageSEEKING SUITABLEBRIDES FOROUR SONS, Kaviraj&Shilpi OURGOAL ENABLE REACHfullPOTENTIAL,FUTURE POTUS MeJOBLOST bigshock family,India wifeworked lowlevel hardwork promoted,CHILDREN SUFFERED
    ===Fwd:
    2019 June 15
    Me: Beautiful.
    ps:
    Although in severe shock and great stress, we have faced the challenges and moved forward crossing the barriers, biases, impediments etc that came before us, … it was tough, not easy, for my wife and sons and the others also … I brought up my two sons Kaviraj and Shilpi as future presidents of usa, with that attitude/ outlook/ mindset, supporting and encouraging the leadership nature already in them. They are born in usa, grew up in usa and consider themselves as Americans. The country, the people and the whole world including India where we parents are originally from will need their leadership and contributions to go forward towards better future vision in true spirit of America. It is the nature of truth, nature of nature, nature of humanity. It is the only way. There is no other choice. Actually, we do not need a different choice. Because, it is also the best way. Perfect for America and the whole world. Nothing else can be better, however you may look at it. Best wishes. Aummmm….we are seeking suitable brides for our two sons… any help, efforts etc much appreciatedThe world is dramastage weare actors Our life is what we do OUR ACT, our daily living is our daily acting role, acting finished means life finished. WE ARE SEEKING SUITABLE BRIDES FOR OUR TWO SONS, OUR GOAL IS TO ENABLE THEM REACH FULL TRUE HIGHER POTENTIAL, FUTURE PRESIDENTS OF USA. I was fired from AT&T Bell Labs in 1992 scientist engineer, it was big shock for whole family, in India too. interviews for new jobs blocked. although in shock wife worked from low level hard work later promoted, children targeted.  
    my email trhalemane gmail.com
    mobile +17329389686
    also please feel free to visit my public instagram is thirumalaraya and many posts since 2016 or so=
    Fwd
    2020 September 23
    Me: Ravi, my assessment/ guesses below =
    King of the East = Japan,
    King of the North = Norway,
    King of the South = Saudi Arabia,
    King of the West = United Kingdom,
    Others are being used and/ or helping them directly and/ or indirectly, along with their interests and ideologies, China also included. Nature of the Deep state is involved in various strong ways, including the nature of the different religions and their associated deep states, some extremely very strong… for many others, individuals also, it is just survival under whatever conditions exist for them…
    ===
    On Mon, Sep 14, 2020 Thirumala Raya Halemane  wrote:
     actually, hindus need to reclaim all the temples that were destroyed, forcibly taken over,
     (not just the three that BJP / RSS wanted, mostly for political reasons, vote-banking, otherwise they did not care initially)
     and all the other indians, including muslims, have to understand and accept that.
     it is not their (muslim’s) private property anyway, so they should not worry / have hatred towards hindus in india
     (any allowance of alternate land, is out of sympathetic considerations only)..
     you are forgetting the power of hindu temples, for inspiration etc, when you write like below, that it is less important.
    i disagree.
     in fact, everything depends on it (the recovery of the temples), we might say
    ==++====
    WE ARE SEEKING SUITABLE BRIDES FOR OUR TWO SONS KAVIRAJ AND SHILPI, FUTURE PRESIDENTS OF USA. THE WORLD IS A DRAMA STAGE AND WE ARE ACTORS. IN THE FUTURE, THE LEADERSHIP AND CONTRIBUTIONS OF OUR SONS WILL BE NEEDED BY USA AND ITS PEOPLE, ALSO BY THE WHOLE WORLD, THAT IS EAST-WEST-NORTH-SOUTH … I WAS FIRED FROM AT&T BELL LABS IN NEW JERSEY IN 1992.. IT WAS BIG SHOCK TO US, WIFE & CHILDREN, ALSO FAMILY ON BOTH MY SIDE AND WIFE’S SIDE, INCLUDING IN INDIA, SINCE EVERYBODY EXPECTED ME TO GO HIGHER UP IN JOB. I WAS NOT EVEN GETTING INTERVIEWS FOR OTHER JOBS. LATER GOT A FEW SMALLER JOBS. MY WIFE WORKED, FROM LOW LEVEL, HARD WORK, LATER PROMOTED. FORCES BEHIND THE SCENES TRYING TO PULL US DOWN. CONNECTED WITH THE EVIL PARTS OF THE GLOBAL POWER STRUCTURE. OUR SONS WERE ALSO TARGETED AND HAD TO FACE CHALLENGES. WE HAVE FACED THEM POSITIVELY AND MOVED FORWARD.  THEY ARE WORKING NOW. BOY AND GIRL HAVE TO LIKE EACH OTHER ETC THEN WE BLESS. THANKS VERY MUCH FOR YOUR HELP. BEST WISHES AUMMM… 

  2. Dr. Subramanian Swamy is one of those rare gifted minds who joined politics. He is accomplished in whichever field he entered – whether academia, politics, administration(as a minister), policy maker, visionary, lawyer, citizen. He is simultaneously (more than) suitable as a Finance minister, HRD minister, National Security & integrity=MEA/Defence/Home, etc., (and who knows what transformation he can bring if he can become PM), and not to forget as a teacher, researcher, and inspirational figure.

    I always wondered why he is not given Finance ministry despite his brilliance and calibre. Untill Jai-italy (I regret to speak about the dead but …) was around, it is understandable, though I couldnt fathom how Jai-italy could wield so much influence on Modi as he did when he was around. Now atleast Modi has to seriously bring him on board, else it will become another dynasty cult except that it will be about an individual (Modi) instead of a dynasty and surrounded by saffron Lutyens, so to say. CONgress on the other hand didnt bother any criticism from left and allowed=funded it which was mutually beneficial in the end. But this government vis-a-vis BJP for this very reason comes across a anti-intellectual. Despite being their proven staunch supporters, they didnt allow any criticism/sidelined who can talk independently in the sense of new perspective, guidance, concrete changes on the ground.

    I consider BJP’s greatest failures are in HRD and Finance ministries. Of all the BJP’s HRD ministers inspite of their Master or PhD degrees, Smriti Irani was the best and able administrator. I can tell this being in academia, having a PhD and being a faculty in one of those institutes that every +2 student wants to get in. She was sneered for her qualifications, but just when she (or rather as I saw her/ministry) starting to bring changes of the right kind (which is anyway on the ‘right’ side historically/factually) she was replaced (rather sacked in my opinion). And all the stumbling moments for BJP after 2014 happened with Jai-italy whether as FM/DM – demonitization, GST, Rafael deal, black money issue, or his overt influence on other institutions like ED, CBI, AG, etc in various cases involving corruption particularly PC,RaGa, SoGa,RV, etc.

    I only wish Dr. Swamy gets to do what he longs to do for which he is more than suitable, if not deserving (I personally thing saying Dr. Swamy ‘deserves’ something is an insult to his brilliance). And need of the hour is such a transformative energy/mind he wields. I also wish him long life/health untill that is realized. Although we wish for, rather need, 100s of Dr. Swamy’s or Rajiv Malhotra ji’s (or TrueIndology’s), unfortunately we have only one of each kind, and none of them (/us) can be around forever. That is the most saddening part to me.

  3. its definitely unfortunate that swamy never got to be finance minister, as was his due. He is the senior most politician on the bjp side.
    If Swamy had concentrated on economics, he would have easily been a candidate for nobel prize after 1970’s.
    As a politician in the thankless indian political scenario, he has not done too well.

  4. A tete-a-tete between Guru Extraordinaire Paul Samuelson and his Genius Pupil, Dr. Swamy. Kudos for the post.

    After winning elections in May/June 2014 PM Modi did not publish white paper on the state of the Indian economy which was ran on black economy too.

    If I am not wrong during 2013-14 against UPA 1and 2 mega scams /corruption issues, “spontaneously” people from all over India marched along with Anna Hazare shaking the then Dumbo PM MMS and SG from deep slumber but policy paral