Paul Samuelson Quotes

34 quotes in 540 categories

• Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism.
• Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.
• Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.
• In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to…
• There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It…
• Economics never was a dismal science. I should be a realistic science.
• Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
• Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
• 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,…
• Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.
• An intriguing paradox of the 1990s is that it isn't called a decade of greed.
• Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.
• It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.
• What we know about the global financial crisis is that we don't know very much.

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