Paul Samuelson

Economist Theorist American 1915 – 2009

Wrote influential textbook and unified microeconomics and macroeconomics.

392 quotes

"Education lifts people out of poverty more reliably than redistribution alone."
Education
"Time is the most precious resource; respect it in your analysis."
Time
"Truth in economics emerges from testing hypotheses against evidence."
Truth
"Freedom and prosperity are intertwined in ways that tyranny cannot break."
Freedom
"Peace is more likely when nations are economically interdependent."
Peace
"Nature provides resources; economics determines how we use them wisely."
Nature
"Art and science merge in the creation of elegant economic models."
Art
"Music and markets both rely on harmony and predictable patterns."
Music
"Faith in markets is not blind faith—it is based on observing human behavior."
Faith
"Leadership demands the courage to implement unpopular reforms."
Leadership
"Work becomes dignity when people receive fair compensation for effort."
Work
"Dreams of a better world require economic prosperity to realize."
Dreams
"Humor reminds us not to take our economic theories too seriously."
Humor
"Beauty in nature is matched only by the elegance of free markets."
Beauty
"Death ends only an individual; ideas live on and shape future economies."
Death
"Perseverance separates successful reformers from those who merely complain."
Perseverance
"Gratitude for abundance should inspire policies that spread opportunity widely."
Gratitude
"Creativity thrives in economies where failure is tolerated and learning rewarded."
Creativity
"Justice is served when laws protect property rights and enable mobility."
Justice
"Patience in building institutions pays dividends across generations."
Patience
"Kindness must be balanced with clear incentives for productivity and growth."
Kindness
"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function."
Wisdom
"Good questions outrank easy answers."
Knowledge
"An economist is someone who sees something working in practice and wonders if it would work in theory."
Humor
"The consumer, so it is said, is the king... each is a voter who uses his money as votes to get the kind of world he and his families want."
Freedom
"Anyone who believes exponential growth can continue forever on a finite planet is either a madman or an economist."
Science
"I don't care who writes a nation's laws if I can write its textbooks."
Education
"Facts that would induce me to alter my opinion I welcome."
Truth
"The truly revolutionary character of modern times is the scientific method itself."
Technology
"To understand how a market economy works, you must understand how people respond to incentives."
Motivation