Phrase by 'Paul Samuelson'
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In 1936, money had no important role. Interest rates were one-eighth of one-eighth of one per cent. I did some research, and I found that the interest on one million dollars of ninety-day Treasuries was $37. People didn't even bother to collect it. The Fed wasn't important.
Author: Paul Samuelson - American EconomistPeople , Money , Important , Research
Every good cause is worth some inefficiency.
Author: Paul Samuelson - American EconomistGood , Some , Worth , Good Cause
I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Author: Paul Samuelson - American EconomistThink , Human , Tried , Economics
You're not making a decision if you come to a fork in the road. There is no 'it' to take. It's one or the other.
Author: Paul Samuelson - American EconomistYou , Take , Decision , Road
I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.
Author: Paul Samuelson - American EconomistYou , Think , Wise , Economics
Time is our ultimate scarcity. Isaac Newton can give us more electricity, but he can't give us more than 24 hours of the day of time. And so we're constantly having to sacrifice alternate activities to get the one that pleases us most.
Author: Paul Samuelson - American EconomistTime , Day , Sacrifice , Electricity
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.
Author: Paul Samuelson - American EconomistProcess , Support , Political , Growth
Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.
Author: Paul Samuelson - American EconomistInternet , Will , Story , Old
It is indeed true that the stock market can forecast the business cycle.
Author: Paul Samuelson - American EconomistBusiness , True , Cycle , Stock Market
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