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Paul Samuelson on Finance

1915–2009 United States

← All quotes by Paul Samuelson

3 quotes

Economics never was a dismal science. It should be a realistic science.

Economics is the study of how societies use scarce resources to produce valuable goods and services and distribute them among different individuals

Moral: To understand economics you need to know not only fundamentals but also its nuances. Darwin is in the nuances. When someone preaches “Economics in one lesson,” I advise: Go back for the second lesson.

Attribution

Quotes and notes from Wikiquote: Paul Samuelson (page history), available under CC BY-SA 4.0.