An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport's coal cellar) once said: "There is no reason why theoretical economics should be… — Paul Samuelson Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. — Paul Samuelson Copy Share Image
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 Copy Share Image
I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks — Paul Samuelson Copy Share Image
![“When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/0e0/paul-samuelson-9078_advice_when-the-economy-was-going-up-milton-fri_107897.jpg)
