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Quote by Paul Samuelson

“Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.”

Quote by Paul Samuelson

Author

Paul Samuelson was an American economist renowned for his contributions to the field of economics. Born on May 15, 1915, and passing away on December 13, 2009, Samuelson was a significant figure in modern economics. His book 'Economics' has been widely used as a textbook in universities. more

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“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

“You can see the computer age everywhere but in the productivity statistics.”

Age Computer Productivity Statistics

Author:Robert Solow

“The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer.”

Wells Mean Doe Facts Might Perfect Brain Surgery Sewers Brain Surgery

Author:Robert Solow

“The user of land should not be allowed to acquire rights of indefinite duration for single payments. For efficiency, for adequate revenue and for justice, every user of land should be required to make an annual payment to the local government equal to the current rental value of the land that he or she prevents others from using.”

Should Government Values Justice Rights Land Equal Currents Locals Acquire Users Efficiency Revenue Adequate Payment Duration Annuals Local Government

Author:Robert Solow