The best Quotes and Sayings

Quotes by Paul Samuelson

Paul Anthony Samuelson was an American economist. The first American to win the Nobel Memorial Prize in Economic Sciences, the Swedish Royal Academies stated, when awarding the prize in 1970, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory".

Quote by Paul Samuelson

Time is our ultimate scarcity. Isaac Newton can give us more electricity, but he can't give us more than 24 hours of the day of time. And so we're constantly having to sacrifice alternate activities to get the one that pleases us most.

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Quote by Paul Samuelson

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.

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Quote by Paul Samuelson

Economics is a choice between alternatives all the time. Those are the trade-offs.

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Quote by Paul Samuelson

I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.

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Quote by Paul Samuelson

Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.

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