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. Paul Samuelson More Quotes by Paul Samuelson More Quotes From Paul Samuelson Let those who will write the nation's laws, if I can write its textbooks. Paul Samuelson teaching law writing Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'. Paul Samuelson incentives essentials land For better or worse, US Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian. You know what a cafeteria catholic is? Paul Samuelson keynesianism cafeteria catholic The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers. Paul Samuelson luck gold running Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes. Paul Samuelson democracy government two 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, attached to those hands are sharp elbows. Paul Samuelson elbows survival hands The niceties of existence were not a matter of concern, yet everything around was closed down most of the time. If you lived in a middle-class community in Chicago, children and adults came daily to the door saying, 'We are starving, how about a potato?' I speak from poignant memory. Paul Samuelson doors memories children That's what I would like to do until the end of time, to go on scribbling my articles on the third floor of the Sloan Building, in between playing tennis and drinking coffee at my other study in the Concord Avenue branch of Burger King. Paul Samuelson coffee kings drinking Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive. Paul Samuelson proof function economy But the trouble is that he [Alan Greenspan] had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy. Paul Samuelson libertarian trouble boys By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates. Paul Samuelson immigration depressing principles Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. Paul Samuelson support growth political If we made an income pyramid out of a child's blocks, with each layer portraying $1,000 of income, the peak would be far higher than the Eiffel Tower, but almost all of us would be within a yard of the ground. Paul Samuelson block pyramids children In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read), the following warning appears: "Past performance is no guarantee of future results." Paul Samuelson investing guarantees past Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference. Paul Samuelson analysis development may Economics is a choice between alternatives all the time. Those are the trade-offs. Paul Samuelson those choice economics time 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. Paul Samuelson think you economics wise 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. Paul Samuelson sword economics beautiful world It is indeed true that the stock market can forecast the business cycle. Paul Samuelson stock-market market true business 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. Paul Samuelson road come you decision
