Phrase by 'Paul Samuelson'
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Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.
Author: Paul Samuelson - American EconomistLife , You , Hope , Smart
In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history.
Author: Paul Samuelson - American EconomistHistory , Way , Rest , Opportunity
I can't think of a president who has been overburdened by a knowledge of economics.
Author: Paul Samuelson - American EconomistWho , Think , Knowledge , Economics
When I was a kid, I reckoned things in Hershey bars. Is this worth three Hershey bars to me?
Author: Paul Samuelson - American EconomistMe , Three , Things , Worth
The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.
Author: Paul Samuelson - American EconomistHome , Name , Long , Economics
One of the pleasing things about science is that we do all climb towards the heavens on the shoulders of our predecessors. Economics, like physics, has its heroes, and the letter 'H' that I used in my mathematical equations was not there to honor Sir William Hamilton, but rather Harold Hotelling.
Author: Paul Samuelson - American EconomistHonor , Science , Climb , Economics
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