A force that operates year-in and year-out, whenever we are at high employment, to push up prices. It’s a price creep, not a price gallop; but the bad thing about it is that, instead of setting in only after you have reached overfull employment, the suspicion is dawning that it may be a problem that plagues us even when we haven’t arrived at a satisfactory level of employment.
—Paul Samuelson
Topics: Economics
The stock market has predicted eight of the last five recessions.
—Paul Samuelson
In this age of specialization, I sometimes think of myself as the last ‘generalist’ in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching…
—Paul Samuelson
Topics: Legacy
Good questions outrank easy answers.
—Paul Samuelson
Topics: Questions
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.
—Paul Samuelson
Wondering Whom to Read Next?
- George P. Shultz American Diplomat
- George Goodman American Economist
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- Alan Greenspan American Economist
- Ludwig von Mises Austrian Economist
- Stuart Chase American Economist
- Edwin Feulner American Economist
- Hesiod Greek Poet
- Saul Bellow Canadian-born American Novelist
- Stephen Jay Gould American Paleontologist
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