Paul Samuelson

Economist Theorist American 1915 – 2009

Wrote influential textbook and unified microeconomics and macroeconomics.

392 quotes

"The best investment is investment in human capital through education."
Success
"Fear of failure often becomes a self-fulfilling prophecy."
Fear
"To understand the present, one must understand the past."
History
"Progress demands that we question what we take for granted."
Wisdom
"The health of a society is measured by how it treats its most vulnerable."
Health
"Adventure begins where comfort ends."
Adventure
"The imagination shapes reality as much as reality shapes the imagination."
Imagination
"Leadership is not about being in charge; it's about taking care of those in your charge."
Leadership
"The pursuit of perfection often prevents the achievement of excellence."
Perseverance
"Beauty is not a luxury; it is a necessity for human flourishing."
Beauty
"Every end is a new beginning if we have the courage to see it that way."
Change
"The strongest argument against democracy is a conversation with the average voter."
Humor
"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 judgment comes from experience, and experience comes from bad judgment."
Knowledge
"An economy that cannot provide jobs for everyone who wants to work is not operating at its full potential."
Work
"The greatest economic truth is that resources are scarce and choices must be made."
Science
"Education is the most powerful investment a society can make in its future."
Education
"To understand the world, you must first understand incentives."
Philosophy
"Innovation requires the courage to fail and the wisdom to learn from mistakes."
Courage
"The market is not a perfect mechanism, but it is the best we have created."
Politics
"History teaches us that unregulated systems often create their own crises."
History
"True wealth is measured not by what you have, but by what you understand."
Money
"Change is inevitable; the question is whether we guide it or let it guide us."
Change
"The pursuit of knowledge should never stop, for the world constantly transforms."
Knowledge
"Success in economics requires both theoretical understanding and practical wisdom."
Success
"Peace is not merely the absence of conflict, but the presence of justice."
Peace
"The strength of a nation lies in its ability to adapt to new circumstances."
Strength
"Fear of change often prevents progress more than change itself."
Fear
"Leadership means taking responsibility for both successes and failures."
Leadership
"The beauty of science is its willingness to revise itself based on evidence."
Beauty