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Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.
— Paul Samuelson
Tags: lesson, economics, art, science

Other Quotes by "Paul Samuelson"

The history of the twentieth century - America's century! - has been pretty much a history of rising prices.
— Paul Samuelson
Tags: rising, pretty, america, history
Let those who will - write the nation's laws - if I can write its textbooks.
— Paul Samuelson
Tags: nation, who, i-can, will
Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian.
— Paul Samuelson
Tags: things, ahead, better, i-am
It is dead wrong about necessary surplus of winnings over losings.
— Paul Samuelson
Tags: over, about, wrong, dead
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
Tags: think, research, age, myself
View More by "Paul Samuelson"
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