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Quotes by Economists
The remarkable fact is not how much government does to control economic activity, but how much it does not do.
Paul Samuelson
Government
Control
Economic
Economic Activity
Fact
Remarkable
Does
How
How Much
Much
Activity
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
Goals
Inflation
Must
Rather
Compromise
Imperative
Absolute
Pursue
May
Often
Conflicting
Avoiding
Number
I can't think of a president who has been overburdened by a knowledge of economics.
Paul Samuelson
Knowledge
Economics
Think
President
Has-Been
Been
Who
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.
Paul Samuelson
Recession
Weapon
Temporary
Rates
Individual
Powerful
Powerful Weapon
Reduction
Tax
Against
Tax Rates
Incomes
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
Work
You
People
Money
Economics
Pay
Define
Willing
Advanced
Metric
Often
Frontier
Want
Ask
Really
Utility
Actually
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
You
Everybody
Our
Several
Plenty
Out
Would
Generations
New
Continent
Fertile
Land
Mankind
Theory
Reasons
Multiply
Biological
Sociological
Started
Numbers
Charles Darwin got his theory, his notion of natural selection, evolution, and so did its independent discoverer, Alfred Wallace, from reading Malthus.
Paul Samuelson
Natural
Reading
Independent
Evolution
Charles
Darwin
Selection
Got
His
Discoverer
Wallace
Did
Natural Selection
Notion
Theory
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
People had J.F.K. all wrong. They thought of him as a dashing, deciding type. He was an extremely hesitant person who checked the ice in front of him all the time.
Paul Samuelson
Time
People
Thought
Type
Hesitant
Extremely
Had
He
Wrong
Checked
Him
Person
Front
Deciding
Ice
Who
Often, when I became a consultant to a federal agency, that precipitated its demise.
Paul Samuelson
Consultant
Federal
Demise
Became
Often
Agency
I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it.
Paul Samuelson
Man
Business
Money
Temperate
Mutual
Mutual Fund
Only
Make
Saloon
Front
Behind
Decided
Place
Bar
Fund
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
Positive
Work
Good
Problem
Behavior
Own
Early Work
Relate
Solution
Finds
Able
About
My Own
Deal
Scientist
Maximizing
Being
Useful
Good Deal
Description
Early
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
If you look back through history, you'll see that God, in any form - Jesus, Buddha, Mohammed - has always wanted prosperity for everyone. There was a recognition of the need to integrate our material and spiritual lives. But that message was distorted by various leaders with their own agendas.
Paul Zane Pilzer
God
Spiritual
History
You
Prosperity
Own
Back
Everyone
Our
Recognition
Distorted
See
Various
Through
Buddha
Leaders
Look
Message
Always
Material
Integrate
Any
Wanted
Form
Agendas
Mohammed
Lives
Jesus
Need
The early pioneers of both wellness and network marketing were motivated by the sense that it was possible to create a better life than the conventional routes offered - better personal health and better economic health, respectively. Now the 'alternatives' of yesterday have become the economic powerhouses of today and tomorrow.
Paul Zane Pilzer
Life
Today
Health
Wellness
Better
Tomorrow
Become
Yesterday
Sense
Marketing
Respectively
Possible
Network
Both
Economic
Better Life
Alternatives
Motivated
Were
Pioneers
Offered
Than
Personal
Conventional
Create
Now
Routes
Early
The erroneous economic belief in scarcity leads directly to the mistaken theological belief that God does not want us to be rich. After all, in a world of scarce physical resources, a person could achieve personal wealth only by taking wealth from another - something that a truly benevolent, loving God would never allow.
Paul Zane Pilzer
God
World
Wealth
Achieve
Rich
Resources
Benevolent
Would
Scarce
Scarcity
Physical
Something
Only
Directly
Economic
Could
Allow
Never
Taking
Leads
Mistaken
Another
Does
Truly
Person
Personal
Want
After
Loving
Us
Theological
Belief
Your employer is the last person you should want to provide for your healthcare, from a privacy, financial, and value standpoint. Employees with families should get the family, meaning spouses and children, off the company plan. In most cases, that will save them money.
Paul Zane Pilzer
Family
You
Privacy
Money
Financial
Will
Value
Employees
Cases
Most
Employer
Healthcare
Spouses
Provide
Off
Families
Person
Get
Children
Want
Them
Meaning
Plan
Should
Your
Standpoint
Company
Last
Save
Tens of millions of Americans are modern-day slaves - unable to retire early, or working in jobs they don't really want, just for the health insurance they need to take care of themselves, a spouse, or a child with a 'preexisting condition.'
Paul Zane Pilzer
Health
Care
Unable
Jobs
Take
Take Care
Tens
Tens Of Millions
Retire
Health Insurance
Insurance
Spouse
Condition
Child
American
Just
Want
Modern-Day
Preexisting
Themselves
Really
Working
Early
Millions
Slaves
Need
You have to be passionate about your business. If you don't love your business, you are doing a terrible disservice to your customers and clients, your team members and business partners, your family and yourself.
Paul Zane Pilzer
Love
Family
You
Business
Yourself
Disservice
Members
About
Terrible
Partners
Clients
Doing
Passionate
Customers
Your
Business Partners
Team
When most people are unhappy customers, they get mad; I try to get rich. All of my businesses started the same way: I got rich by improving the world and making a lot of people happier in the process.
Paul Zane Pilzer
People
World
Try
Unhappy
Rich
Way
Mad
Most
Got
Making
Lot
Get
Improving
Same
Process
Happier
Customers
Businesses
Started
Companies become rich because they find a way to serve others better. And if someone at your company is not serving your customers, it hurts more than your company; it hurts America.
Paul Zane Pilzer
Better
Hurts
Become
Rich
Others
Way
Find
Someone
More
Because
Than
America
Customers
Your
Companies
Company
Serve
Serving
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