Paul Anthony Samuelson was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1970, announced October 26, 1970. Paul A. Samuelson, “for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science”. Paul A. Samuelson: born 1915, Gary, IN, USA. Wiki link Data: the Nobel Foundation (CC0).