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Paul Samuelson Quotes: Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them
         

Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them


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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Success is working with enthusiasm and ambition, living with joy and kindness, and going toward a life of ultimate service and happiness.

Success is working with enthusiasm and ambition, living with joy and kindness, and going toward a life of ultimate service and happiness.



Better to sleep with a sober cannibal than a drunk Christian.

Better to sleep with a sober cannibal than a drunk Christian.



Your pain is trying to tell you something. It is not an accident, a curse, or an inconvenience. Pain is a form of self-communication.

Your pain is trying to tell you something. It is not an accident, a curse, or an inconvenience. Pain is a form of self-communication.



We should never desire to be over others. Instead, we ought to be servants who are submissive to every human being for God's sake.

We should never desire to be over others. Instead, we ought to be servants who are submissive to every human being for God's sake.



Expressing truth is hard work.

Expressing truth is hard work.



Even when we lose an arm or a leg, there's not less of us but more. Human experience weighs more than human tissue.

Even when we lose an arm or a leg, there's not less of us but more. Human experience weighs more than human tissue.



Don't be afraid to let her into your heart and when your down, don't try to carry the whole world on your shoulders.

Don't be afraid to let her into your heart and when your down, don't try to carry the whole world on your shoulders.



You’re disgusting when you eat,” Chuck said, sitting on the bench next to him. “It’s like watching a starving pig eat his own klunk.

You’re disgusting when you eat,” Chuck said, sitting on the bench next to him. “It’s like watching a starving pig eat his own klunk.



Any historical narrative is a bundle of silences.

Any historical narrative is a bundle of silences.



When a man says he wants to work, what he means is that he wants wages.

When a man says he wants to work, what he means is that he wants wages.




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This page presents the quote "Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them". Author of this quote is Paul Samuelson. This quote is about intelligent, men, advantage, able, important, believe,.