Remember that our goal is not the abolition of all business cycles--even if that were feasible, it might not be desirable. Instead we aim to wopie out persistent slump or unsought inflation. If only capitalism had succeeded in the past in this more modest goal, how different would have been the course of human history!

More quotes by Paul Samuelson

Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication (1998)

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