Paul Samuelson

“Let me acknowledge that I realize that, in honoring me, the Committee of the Royal Academy of Sciences is in fact saying a good word for all of those of my generation who have been laboring...”

“I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.”

“In 1936, money had no important role. Interest rates were one-eighth of one-eighth of one per cent. I did some research, and I found that the interest on one million dollars of ninety-day Tr...”

“A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.”

“An intriguing paradox of the 1990s is that it isn't called a decade of greed.”

“The dream of any scholar has, for me, come true by virtue of this award. The Nobel Prizes are justly famous in the hard sciences, in literature, and for peace.”

“The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.”

“Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope n...”

“Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without...”

“The contrafactual history is what it would have been the other way. Think of the Kennedy triumph in the missiles crisis. Worked out fine. Khrushchev blinked and so forth. The other road, you...”

“I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it.”

“I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the resul...”

“In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism....”

“It is dead wrong about necessary surplus of winnings over losings.”

“Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Ke...”

“Let those who will - write the nation's laws - if I can write its textbooks.”

“The history of the twentieth century - America's century! - has been pretty much a history of rising prices.”