Inefficiency Quotes by Paul Samuelson

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

— Paul Samuelson

We are like highly trained athletes, who never run a race.

— Paul Samuelson

When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave…

— Paul Samuelson

Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society.…

— Paul Samuelson

That's what I would like to do until the end of time, to go on scribbling my articles on the third floor of the…

— Paul Samuelson

Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.

— Paul Samuelson

To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns…

— Paul Samuelson

Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed.…

— Paul Samuelson

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

— Paul Samuelson

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

— Paul Samuelson

In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read),…

— Paul Samuelson

I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks

— Paul Samuelson