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Paul Samuelson Quotes


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Quotes by Paul Samuelson

Showing 1-10 of 71 Quotes by Paul Samuelson

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

~Paul Samuelson

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Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

~Paul Samuelson

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Good questions outrank easy answers.

~Paul Samuelson

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Every good cause is worth some inefficiency.

~Paul Samuelson

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

~Paul Samuelson

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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 employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.

~Paul Samuelson

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

~Paul Samuelson

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One of the pleasing things about science is that we do all climb towards the heavens on the shoulders of our predecessors. Economics, like physics, has its heroes, and the letter 'H' that I used in my mathematical equations was not there to honor Sir William Hamilton, but rather Harold Hotelling.

~Paul Samuelson

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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 October of 1929. That's quite a number of years to have inaction.

~Paul Samuelson

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

~Paul Samuelson

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Biography

Nationality: American

Type: Economist

Born: May 15th, 1915

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