Paul Samuelson

Economist Theorist American 1915 – 2009

Wrote influential textbook and unified microeconomics and macroeconomics.

392 quotes

"Innovation comes from the margins, not the center."
Creativity
"To influence policy, one must first influence thought."
Leadership
"The study of economics is humbling; reality is always more complex than the model."
"What seems obvious often contains hidden depths."
Wisdom
"The mind grows through confrontation with difficulty."
Strength
"An idea has no value until it has been tested against reality."
Truth
"The greatest discoveries come from those who ask what others assume."
Imagination
"Consistency in principle sometimes requires inconsistency in application."
Philosophy
"The role of the intellectual is to complicate what seems simple."
Wisdom
"Theory without application is sterile; application without theory is blind."
Knowledge
"To understand others, one must first understand oneself."
"The future is not determined; it is created by our choices today."
Hope
"Wisdom consists in knowing what you don't know."
Wisdom
"The most important questions have no mathematical solutions."
Philosophy
"Change is the only constant, yet we are ever surprised by it."
Change
"A mind open to new ideas is a mind capable of growth."
Creativity
"The best defense against bad ideas is better ideas."
Wisdom
"Complexity requires humility in our explanations."
Truth
"The interplay between theory and practice creates understanding."
Knowledge
"To lead is to accept responsibility for those who follow."
Leadership
"The measure of an idea is not its elegance but its validity."
Truth
"The pursuit of perfection is the enemy of progress."
Perseverance
"In economics, as in life, unintended consequences are often the most significant."
Wisdom
"The power of incentives cannot be overstated."
Motivation
"What we fail to measure we cannot manage."
Success
"Rigid adherence to principle can become a form of blindness."
"The greatest teachers are those who make you question them."
Education
"Understanding requires both breadth and depth."
Knowledge
"The pursuit of truth requires the courage to abandon certainty."
Courage
"Reality is the ultimate arbiter of theory."
Truth