Paul Samuelson Quotes About Economists

Quotes about: Economists

• Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

  Paul Samuelson

  Sleep, Eight, Together

  "Paul A. Samuelson, Economist, Dies at 94" by Michael M. Weinstein, www.nytimes.com. December 13, 2009.

• Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q. (Performance Quotient) will not give away such rent to the Ford Foundation or the local bank trust department. They have too high an I.Q. for that.

  Paul Samuelson

  Giving, Special, Investing

• An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport's coal cellar) once said: "There is no reason why theoretical economics should be a monopoly of the reactionaries." All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.

  Paul Samuelson

  Heart, Two, Generations

  Paul A. Samuelson (1972). “The Collected Scientific Papers of Paul Samuelson, Volume 3”, MIT Press

• Economists have much to be humble about.

  Paul Samuelson

  Humble, Be Humble, Economist

  "Paul A. Samuelson, Economist, Dies at 94" by Michael M. Weinstein, www.nytimes.com. December 13, 2009.

• Economics has never been a science - and it is even less now than a few years ago.

  Paul Samuelson

  Years, Economics, Economist

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