Paul Samuelson Quotes

Most Famous Paul Samuelson Quotes of All Time!

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

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

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

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism.

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

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

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

Funeral by funeral, theory advances.

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

Every good cause is worth some inefficiency.

Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different...

I came to the University of Chicago on the morning of January 2, 1932. I wasn't yet a graduate of high school for another few months. And that was about the low point of the Herbert Hoover/Andrew Mellon phase after...

Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian.

Economics is a choice between alternatives all the time. Those are the trade-offs.

'There are no easy pickings.' That would be a more accurate, less dramatic statement than 'There's no such thing as a free lunch.'

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned...

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