Asia’s governments come in two broad varieties: young, fragile democracies – and older, fragile authoritarian regimes. Paul Samuelson Read Quote
What we know about the global financial crisis is that we don’t know very much. Paul Samuelson Read Quote
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words. Paul Samuelson Read Quote
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. Paul Samuelson Read Quote
I’m not speaking in favor of killing innovation. I’m speaking in favor of centrist use of the market, which involves necessarily a considerable degree of regulation. Markets by themselves will get themselves inevitably into inequality and into their own destruction. It will happen again and again. Paul Samuelson Read Quote
Economics has never been a science – and it is even less now than a few years ago. Paul Samuelson Read Quote
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. Paul Samuelson Read Quote
Economics is a choice between alternatives all the time. Those are the trade-offs. Paul Samuelson Read Quote
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. Paul Samuelson Read Quote
Politicians like to tell people what they want to hear – and what they want to hear is what won’t happen. Paul Samuelson Read Quote
