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 SamuelsonMacroeconomics, 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.
Paul SamuelsonAsia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.
Paul SamuelsonEven fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidence, these folks aren't about to give up on actively managed funds themselves. A tad delusional? I think so. Picking the best-performing funds is 'like trying to predict the dice before you roll them down the craps table,' says an investment adviser in Boca Raton, FL. 'I can't do it. The public can't do it.'
Paul Samuelson