Phrase by 'Paul Samuelson'
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What we know about the global financial crisis is that we don't know very much.
Author: Paul Samuelson - American EconomistCrisis , Know , About , Financial
I came to the University of Chicago on the morning of January 2, 1932. I wasn't yet a graduate of high school for another few months. And that was about the low point of the Herbert Hoover/Andrew Mellon phase after October of 1929. That's quite a number of years to have inaction.
Author: Paul Samuelson - American EconomistMorning , School , High School , October
Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.
Author: Paul Samuelson - American EconomistScience , Art , Lesson , Economics
Economics is a choice between alternatives all the time. Those are the trade-offs.
Author: Paul Samuelson - American EconomistTime , Choice , Economics , Those
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
Author: Paul Samuelson - American EconomistWorld , Beautiful , Powerful , Economics
I did not throw out my education lightly, but what I was being taught was of no use in explaining what I saw around me. It was the Great Depression.
Author: Paul Samuelson - American EconomistMe , Depression , Education , Great
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Author: Paul Samuelson - American EconomistYou , Want , Grow , Grass
The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.
Author: Paul Samuelson - American EconomistIdeas , Wish , I Wish , Defeat
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Author: Paul Samuelson - American EconomistNothing , Words , Belief , Mathematics
My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
Author: Paul Samuelson - American EconomistFamily , Beach , Rich , Lazy
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