Paul Samuelson Quotes


'There are no easy pickings.' That would be a more accurate, less dramatic statement than 'There's no such thing as a free lunch.'


Citations

Samuelson, Paul A., and William D. Nordhaus. Economics. McGraw-Hill.

Related Quotes

This extreme position illustrates how a politician, trying to defend a particular position can get carried away and lose rational sense of balance. The air we breath is free and quite valuable—essential really. The exercise of most of our political rights is without charge. Legitimate religions do not require payment.


Paul Samuelson
Paul Samuelson
  • Born: May 15, 1915
  • Died: December 13, 2009
  • Nationality: American
  • Profession: Economist

Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory". Economic historian Randall E. Parker has called him the "Father of Modern Economics", and The New York Times considers him to be the "foremost academic economist of the 20th century".