The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found… — Paul Samuelson Copy Share Image
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those… — 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
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