Paul Samuelson Short Quotes

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The stock market has forecast nine of the last five recessions.

Paul Samuelson
Wall Street indexes predicted nine out of the last five recessions.

Paul Samuelson
Economics never was a dismal science. It should be a realistic science.

Paul Samuelson
I tell no secret when I repeat that fame and reputation are much a matter of luck and chance.

Paul Samuelson
Never underestimate the vital importance of finding early in life the work that for you is play.

Paul Samuelson
What sex is to the biology classroom, stocks and investment riskiness is to the sophomore economics lecture hall.

Paul Samuelson
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.

Paul Samuelson
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Paul Samuelson
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.

Paul Samuelson
Moral: free markets do not stabilize themselves. Zero regulating is vastly suboptimal to rational regulating. Libertarianism is its own worst enemy!

Paul Samuelson
What good does it do a black youth to know that an employer must pay him $2 an hour if the fact that he must be paid that amount is what keeps him from getting a job?

Paul Samuelson
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.

Paul Samuelson
Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.

Paul Samuelson
Modigliani's theory was a powerful searchlight on what was happening... It is the best explanation of what has actually been happening in the great swing of American life since the 1950's.

Paul Samuelson
Arrow's general impossibility theorem does not disprove the existence of the Bergsonian social welfare function, neither does it disprove the existence of the Benthamite hedonistic function.

Paul Samuelson
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.

Paul Samuelson
I think Marshall was a great economist, but he was a potentially much greater economist than he actually was. It was not that he was lazy, but his health was not good, and he worked in miniature.

Paul Samuelson
The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers.

Paul Samuelson