Paul Samuelson
Paul Samuelson
Paul Anthony Samuelsonwas an American economist, and the first American to win the Nobel Memorial Prize in Economic Sciences. The Swedish Royal Academies stated, when awarding the prize, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". Economic historian Randall E. Parker calls him the "Father of Modern Economics", and The New York Times considered him to be the "foremost academic economist of the 20th century"...
NationalityAmerican
ProfessionEconomist
Date of Birth15 May 1915
CountryUnited States of America
The stock market has forecast nine of the last five recessions
Good questions outrank easy answers.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
What we know about the global financial crisis is that we don't know very much.
Macroeconomics, even with all of our computers and with all of our information. is not an exact science and is incapable of being an exact science.
An intriguing paradox of the 1990s is that it isn't called a decade of greed.
I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks
Economics never was a dismal science. I should be a realistic science.
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.
Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.
Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta analysis and all that, who are least able to understand the analysis needed to test that hypothesis.
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.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.