Paul Samuelson Quotes About Economy

Quotes about: Economy

• Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

  Paul Samuelson

  Wisdom, Income, Analysis

• What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model has surely demonstrated that a command economy is capable of mobilizing resources for rapid growth.

  Paul Samuelson

  Powerful, Doubt, Growth

• Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.

  Paul Samuelson

  Economy, Proof, Function

• When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.

  Paul Samuelson

  Advice, Economy, Milton

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