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William Poundstone -
Samuelson
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From Adam Smith through John Maynard Keynes, economics had been mostly talk. At Harvard economics was talk. At MIT, Samuelson made it math.
William Poundstone
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Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.
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Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.
William Poundstone
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I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.
Gary Becker
William Poundstone
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