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Paul Samuelson Quotes: 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.
         

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.


Paul Samuelson
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Other quotes of Paul Samuelson


Good questions outrank easy answers.

Good questions outrank easy answers.



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

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.

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



Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.

Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.



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.

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.



What we know about the global financial crisis is that we don't know very much.

What we know about the global financial crisis is that we don't know very much.



Every good cause is worth some inefficiency.

Every good cause is worth some inefficiency.



A growing nation is the greatest ponzi game ever contrived.

A growing nation is the greatest ponzi game ever contrived.



Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.

Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.



Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.





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People are, at their heart, constantly moving toward a state of entropy. Much like this ship. We’re all spiraling out of control.

People are, at their heart, constantly moving toward a state of entropy. Much like this ship. We’re all spiraling out of control.



He guides us into pastures green, He leads to bowers of bliss, Our Father lives, the God unseen, and Christ our Shepherd is.

He guides us into pastures green, He leads to bowers of bliss, Our Father lives, the God unseen, and Christ our Shepherd is.



Had I as many souls as there be stars, I'd give them all for Mephistopheles!

Had I as many souls as there be stars, I'd give them all for Mephistopheles!



In addition, we will improve the Department of Defense's cyber capabilities. A new threat, a new problem, very expensive, and we're not doing very well with cyber.

In addition, we will improve the Department of Defense's cyber capabilities. A new threat, a new problem, very expensive, and we're not doing very well with cyber.



I'm increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don't do something very foolish.

I'm increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don't do something very foolish.



Each and every Notary Public plays a crucial role in combating identity theft. They serve as our front line of defense and the public is safer because of the job they do.

Each and every Notary Public plays a crucial role in combating identity theft. They serve as our front line of defense and the public is safer because of the job they do.



My definition of what makes a journey wholly or partially horrible is boredom.

My definition of what makes a journey wholly or partially horrible is boredom.



If we give God things in hope that they'll earn us blessings, we're really not doing anything for him. It's for ourselves.

If we give God things in hope that they'll earn us blessings, we're really not doing anything for him. It's for ourselves.




Quote Description


This page presents the quote "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.". Author of this quote is Paul Samuelson. This quote is about distribution, analysis, modern, income, economics, wisdom, accepted, cranky,.