Paul Samuelson Quotes


Time is our ultimate scarcity. Isaac Newton can give us more electricity, but he can't give us more than 24 hours of the day of time. And so we're constantly having to sacrifice alternate activities to get the one that pleases us most.


Citations

Samuelson, Paul A. Interview by Daniel Yergin and Joseph Stanislaw. Commanding Heights: The Battle for the World Economy, PBS, 2002.

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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".