Paul Samuelson, fully Paul Anthony Samuelson

Paul
Samuelson, fully Paul Anthony Samuelson
1915
2009

American Economist, Winner of Nobel Prize in Economics, Author, Professor of Economics at MIT

Author Quotes

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.

The consumer, so it is said, is the king... each is a voter who uses his money as votes to get the things done that he wants done.

The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows.

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.

Funeral by funeral, theory advances.

Every good cause is worth some inefficiency.

Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

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

Wall Street indices predicted nine out of the last five recessions!

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

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

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

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

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

Good questions outrank easy answers.

Author Picture
First Name
Paul
Last Name
Samuelson, fully Paul Anthony Samuelson
Birth Date
1915
Death Date
2009
Bio

American Economist, Winner of Nobel Prize in Economics, Author, Professor of Economics at MIT