Paul Samuelson Quotes

Quotes about:

• 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.

  44 Copy quote

• Good questions outrank easy answers.

  Paul Samuelson

  Nature, Asking Questions, Environmental

  Paul Anthony Samuelson (1986). “Coll Sci Pap V5”, p.561, MIT Press

  80 Copy quote

• The stock market has predicted nine of the last five recessions.

  Paul Samuelson

  Nine, Lasts, Five

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• 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

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• What we know about the global financial crisis is that we don't know very much.

  Paul Samuelson

  Financial, Crisis, Financial Crisis

  "Economics 101: How Little They Know" by Jeff Jacoby, www.realclearpolitics.com. December 16, 2009.

  35 Copy quote

• Every good cause is worth some inefficiency.

  Paul Samuelson

  Causes, Environment, Very Good

  "An Elder Challenges Outsourcing's Orthodoxy" by Steve Lohr, www.nytimes.com. September 9, 2004.

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• There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

  Paul Samuelson

  Vegas, Gambling, People

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• Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

  Paul Samuelson

  Information, Computer, Macroeconomics

  Interview with Conor Clarke, www.theatlantic.com. June 17, 2009.

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• 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.

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• Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

  Paul Samuelson

  Railroads, Stories, Internet

  18 Copy quote

• Economists have much to be humble about.

  Paul Samuelson

  Humble, Be Humble, Economist

  "Paul A. Samuelson, Economist, Dies at 94" by Michael M. Weinstein, www.nytimes.com. December 13, 2009.

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• Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.

  Paul Samuelson

  Cancer, Men, Magic

  Paul Anthony Samuelson (1986). “Coll Sci Pap V5”, p.929, MIT Press

  25 Copy quote

• 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

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• Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

  Paul Samuelson

  Analysis, Development, May

  "Report of the evaluative committee for Econometrica". Paper by Paul Samuelson, Tjalling Koopmans, and Richard Stone. Econometrica - journal of the Econometric Society, pp. 141-146, 1954.

  7 Copy quote

• 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

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• To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.

  Paul Samuelson

  Wall, Mistake, Movement

  1966 Quoted inThe Samuelson Sampler (1973).

  28 Copy quote

• A growing nation is the greatest ponzi game ever contrived.

  Paul Samuelson

  Games, Growing, Nations

  26 Copy quote

• Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.

  Paul Samuelson

  Men, Capitalism, Reasonable

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• 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

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• When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.

  Paul Samuelson

  Advice, Economy, Milton

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• You know what happiness is: 'Having a little more money than your colleagues.' And that's not so tough in academic life.

  Paul Samuelson

  Academic Life, Littles, Tough

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• Investing is like waiting for paint dry and grass grow so. If you like fun, let handle 800 USD and headed to Las Vegas

  Paul Samuelson

  Fun, Vegas, Waiting

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

  Paul Samuelson

  Years, Economics, Economist

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• We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big to have a run on us. You may think that. But it's possible that God does not.

  Paul Samuelson

  Running, Thinking, Doe

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• It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.

  Paul Samuelson

  Greed, Realization, Fields

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