Monday, April 30, 2012

2011 - Knol Day of Economics - 15th May - Birthday of Paul Samuelson

2011 - Knol Day of Economics - 15th May - Birthday of Paul Samuelson

2011 - Knol Day of Economics - 15th May - Birthday of Paul Samuelson

15th May 1915 is Birthday of Paul Samuelson. Tributes by Knol Authors Knol authors are requested to add knols in economics



Knol Days of Knowledge

Knol Days of Knowledge

Paul Samuelson

Biography of Samuelson -
Contribution of Samuelson to Economics -  You can see links various economists in the article

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Economics is used number of disciplines to make economical decision making. Politicians use economics. Business men use economics, Engineers use economics. Industrial engineers also use economics. The definition by Going specially highlights the role of economics in industrial engineering.

Industrial Engineering and Economics

Industrial engineering directs the efficient conduct of manufacturing, construction, transportation, or even commercial enterprises of any undertaking, indeed in which human labor is directed to accomplishing any kind of work . Industrial engineering has drawn upon mechanical engineering, upon economics, sociology, psychology, philosophy, accountancy, to fuse from these older sciences a distinct body of science of its own . It is the inclusion of the economic and the human elements especially that differentiates industrial engineering from the older established branches of the profession (Going, 1911)

Engineering and Economics

The role of economics in engineering is highlighted by this explanation of engineering by ABET.

The Accreditation Board for Engineering and Technology (ABET) states that engineering "is the profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind".


Short urls
Narayana Rao - 14 May 2011

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