39 Paul Samuelson Quotes for You to Enjoy

Paul Samuelson

American Economist

Born: May 15, 1915

Been Economics Money People Will You

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

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

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

You Wonderful Organization Somebody Half Profit Tell Tells Know Academics Because Got Understands Nonprofit Wall Wall Street Where Center Boards Them CEO Us Derivative Who Many Serve Street

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

You Rich Say Come How Dumb

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

History You Think Too Other Way Crisis Out Would Fine About Triumph Could Had Road Tenth Missiles Globe Been Want Forth Worked Hard Nuclear Kennedy

American society was economically ill-run in the 1980s. Our society has been on a consumption binge. If the American people had a town meeting and said, 'What do we care about posterity? Posterity hasn't done anything for us; we're going to whoop it up now,' that is a rational judgment. But nobody ever did that. Paul Samuelson

People Care Judgment Society Meeting Our Has-Been Posterity About Rational Had Consumption Nobody Economically Town Said Been Up American Did Done Going Anything American People Us American Society Now Binge Ever

People have the wrong idea that God will forgive Reagan. They say he didn't know what he was doing. It's true he didn't know a lot of what was going on, but he was directly responsible. Paul Samuelson

God People Will Say Responsible Directly He Wrong True Idea Know Reagan Doing Lot Forgive Going They Say

Often, when I became a consultant to a federal agency, that precipitated its demise. Paul Samuelson

Consultant Federal Demise Became Often Agency

In the jargon of American vaudeville, Professors Frisch and Tinbergen are a 'hard act to follow.' But then, all my life, I have been following such great scholars and policy advisors as these. Paul Samuelson

Life Great My Life All My Life Follow Following Vaudeville Scholars Policy Advisor Been American Jargon Then Act Hard Professors

What is it that the scientist finds useful in being able to relate a positive description of behavior to the solution of a maximizing problem? That is what a good deal of my own early work was about. Paul Samuelson

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

Science Physics Heroes Honor Economics Our Harold Pleasing William About Rather Towards Like Equations Climb Hamilton Mathematical Sir Heavens Predecessors Shoulders Used Letter Things

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