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Paul Samuelson Quotes


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Quotes by Paul Samuelson

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A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.

~Paul Samuelson

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I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.

~Paul Samuelson

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Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'

~Paul Samuelson

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The Malthusian Theory - that mankind, for biological and sociological reasons, is so fertile, so fecund, that if you started out with the new continent and plenty of land for everybody, in several generations we would multiply our numbers.

~Paul Samuelson

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Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.

~Paul Samuelson

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The parts of physics that are exact are the parts of physics that are exact. The parts that are inexact are vastly greater. Sensible scientists don't waste their time pushing against doors that endlessly will not give. They are opportunistic and go where they can, but there are pitfalls in that.

~Paul Samuelson

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My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.

~Paul Samuelson

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I can tell you, because I serve on so many nonprofit boards - where half of us are academics and half of us are from Wall Street - that there's no CEO who understands at all a derivative. All they know is that somebody tells them in their organization, 'We've got a wonderful profit center.'

~Paul Samuelson

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What I say is, 'If you're so rich, how come you're so dumb?'

~Paul Samuelson

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The contrafactual history is what it would have been the other way. Think of the Kennedy triumph in the missiles crisis. Worked out fine. Khrushchev blinked and so forth. The other road, you don't want to think too hard about. You could have had nuclear missiles wiping out a tenth of the globe.

~Paul Samuelson

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Biography

Nationality: American

Type: Economist

Born: May 15th, 1915

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