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Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.

Paul Samuelson

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Paul Samuelson
Age: 94 †
Born: 1915
Born: May 15
Died: 2009
Died: December 13
Economist
University Teacher
Gary
Indiana
Paul Anthony Samuelson
Paul A. Samuelson
Two
Broads
Young
Asia
Government
Broad
Come
Fragile
Governments
Varieties
Variety
Democracies
Older
Authoritarian
Democracy
Regimes

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Let those who will write the nation's laws, if I can write its textbooks.
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You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?
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Two factors explain our success. One, MIT's renaissance after World War II as a federally supported research resource. Two, the mathematical revolution in macro- and micro-economic theory and statistics. This was overdue and inevitable, MIT was the logical place for it to flourish.
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Mea culpa, mea culpa. MIT and Wharton and University of Chicago created the financial engineering instruments, which, like Samson and Delilah, blinded every CEO. They didn't realize the kind of leverage they were doing and they didn't understand when they were really creating a real profit or a fictitious one.
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Good questions outrank easy answers.
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By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate and increase in supply will, other things being equal, tend to depress wage rates.
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First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in analyzing those facts will pay off in better performance somehow measured. (By this logic, cure for cancer must have been found by 1955).
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Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
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For better or worse, US Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian. You know what a cafeteria catholic is?
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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.
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An intriguing paradox of the 1990s is that it isn't called a decade of greed.
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Man does not live by GNP alone.
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The stock market has predicted nine of the last five recessions.
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There is something in people you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn't be exciting. 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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It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.
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Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.
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The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.
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Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.
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Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.
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