Paul Samuelson

"What then is it that, since 2007, has caused Wall Street capitalism's own suicide? At the bottom of this worst financial mess in a century is this: Milton Friedman-Friedrich Hayek libertarian laissez-…"

"The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central…"

"An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had once said: “There is no reason why theoretical economics should be a monopoly of the re…"

"Arrow’s general impossibility theorem does not disprove the existence of the Bergsonian social welfare function, neither does it disprove the existence of the Benthamite hedonistic function."

"Often I’ve stated how I hate to be wrong. That has aborted many a tempting error, but not all of them. But I hate much more to stay wrong. Early on, I’ve learned to check back on earlier proclamations…"

"Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support."

"Science is not art. Yet, despite the lack of complete identity between art and science, there is much in common among different creative processes."

"I was lucky to enter economics in 1932. Analytical economics was poised for its take-off. I faced a lovely vacuum that young economists today can hardly imagine. So much remained to be done. Everythin…"