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Quote by Richard Posner

“I’ve become less conservative since the Republican Party started becoming goofy.”

Author

Richard Posner, born on January 11, 1939, is an American jurist, economist, and author. He has made significant contributions to the fields of law and economics, particularly renowned for his work in law and economics. more

“The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found by scanning over all the attainable states of the world and selecting the one which according to the postulated ethical welfare function is best. The solution 'exists'; the problem is how to 'find' it.”

World Way States Problem Found Given Decision Solutions Function Following Deny Welfare Sufficient Ethical Optimal Scanning

Book:The Collected Scientific Papers of Paul A. Samuelson

Source: The Collected Scientific Papers of Paul A. Samuelson

“This message (that attempting to beat the market is futile) can never be sold on Wall Street because it is in effect telling stock analysts to drop dead.”

Streets Effects Wall Messages Beats Attempting Analysts

Author:Paul Samuelson

“The stock market has predicted nine of the last five recessions.”

Lasts Five Nine Recessions

Author:Paul Samuelson

“I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.”

Ifs Writing I Can Care Law Nations Economics Don't Care Crafts I Don't Care Treaties Textbooks

Author:Paul Samuelson

“Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.”

Way Values Land Pure Taxes Essentials Ideals Productions Available Consumption Efficiency Incentives Surplus Maximizing Ideal Society

Author:Paul Samuelson

“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.”

Has Beens Growth Results Powerful Economy Doubt Economic Capable Models Resources Planning Command No Doubt Engines Soviet Rapids Economic Growth Rapid Growth Command Economy

Author:Paul Samuelson

“The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe.”

World Natural Effects Events Resources Catastrophe Exhaustion Natural Resources

Author:Robert Solow

Quote by Richard Posner

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