Century Quote by Paul Samuelson
“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.”
About This Quote
Source Book: Economics, 1970
The Road to Serfdom's predictions proved inaccurate over time.
In simple terms: Predictions can be wrong.
Question assumptions.
Themes
Mood
Type
When to use this quote
- policy analysis
- academic research
- public debate
Key Concepts
Questions to Reflect On
- What lessons do we learn from failed predictions?
- How should we treat economic forecasts?
Historical context may differ.