Paul Samuelson Quotes About Economics

Quotes about: Economics

• Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.

  Paul Samuelson

  Philosophy, People, Political

• Man does not live by GNP alone.

  Paul Samuelson

  Men, Doe, Economics

  Paul Anthony Samuelson, William Samuelson (1980). “Economics”, McGraw-Hill Companies

• Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them

  Paul Samuelson

  Believe, Intelligent, Men

• I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.

  Paul Samuelson

  Writing, Law, Textbooks

  "Foreword" by Paul Samuelson in "The Principles of Economics Course" edited by ed. Phillips Saunders and William B. Walstad, 1990.

• Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.

  Paul Samuelson

  Perfect, Competition, Tools

  Paul Anthony Samuelson (2014). “Paul Samuelson on the History of Economic Analysis: Selected Essays”, p.419, Cambridge University Press

• Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

  Paul Samuelson

  Wisdom, Income, Analysis

• The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.

  Paul Samuelson

  Philosophy, Real, Political

• In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.

  Paul Samuelson

  Real, Teaching, Thinking

• Economics never was a dismal science. It should be a realistic science.

  Paul Samuelson

  Realistic, Economics, Should

  "Paul Samuelson and the Foundations of Modern Economics". Book by Paul Anthony Samuelson, Karigirappa Puttaswamaiah, p. 10, 2002.

• An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport's coal cellar) once said: "There is no reason why theoretical economics should be a monopoly of the reactionaries." All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.

  Paul Samuelson

  Heart, Two, Generations

  Paul A. Samuelson (1972). “The Collected Scientific Papers of Paul Samuelson, Volume 3”, MIT Press

• Economics has never been a science - and it is even less now than a few years ago.

  Paul Samuelson

  Years, Economics, Economist

• I don't care very much for the People Magazine approach to applied economics.

  Paul Samuelson

  People, Magazines, Care

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