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Samuelson Quotes

Samuelson Quotes

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“Samuelson spotted a mistake in Bacheliers work. Bacheliers model had failed to consider that stock prices cannot fall below zero.”
— William Poundstone —

“The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to have an opinion. Yet the kind of economics covered in the textbooks is a technical subject that many people find hard to follow. How reassuring, then, to be told that it is all irrelevant
that all you really need to know are a few simple ideas! Quite a few supply-siders have created for themselves a wonderful alternative intellectual history in which John Maynard Keynes was a fraud, Paul Samuelson and even Milton Friedman are fools, and the true line of deep economic thought runs from Adam Smith through obscure turn-of-the-century Austrians straight to them.”

— Paul Krugman

“There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.”

— Joseph Stiglitz

“Characteristically, Samuelson intimidated those who questioned his techniques with the statement "Those who can, do science, others do methodology." If you knew math, you could "do science." This is reminiscent of psychoanalysts who silence their critics by accusing them of having trouble with their fathers.”

— Nassim Nicholas Taleb

“In the darkest hour of winter, when the starlings had all flown away, Gretel Samuelson fell in love. It happened the way things are never supposed to happen in real life, like a sledgehammer, like a bolt from out of the blue. One minute she was a seventeen year-old senior in high school waiting for a Sicilian pizza to go; the next one she was someone whose whole world had exploded, leaving her adrift in the Milky Way, so far from earth she was walking on stars.”

— Alice Hoffman

“That's what sometimes separates people who always run and always train and people who maybe move on in life and do something else. I think I'm a lot more likely to be someone like Joan Benoit (Samuelson), who keeps going forever, just because I actually really like it, as opposed to someone who stops and never runs again.”

— Dathan Ritzenhein

“Of course not," Samuelson said. "Del Rio's got a place in Bel”

— Robert B. Parker

“Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.”

— William Poundstone

“Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.”