Paul Samuelson Quotes About Decisions

Quotes about: Decisions

• Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.

  Paul Samuelson

  Suicide, Self, People

• The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found by scanning over all the attainable states of the world and selecting the one which according to the postulated ethical welfare function is best. The solution 'exists'; the problem is how to 'find' it.

  Paul Samuelson

  Decision, World, Way

  Paul Anthony Samuelson (1966). “The Collected Scientific Papers of Paul A. Samuelson”, p.1225, MIT Press

• The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.

  Paul Samuelson

  Kings, Decision, Use

  1948 Economics.

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