I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Interpretation
Economics is deeply connected to human experiences and societal interactions.
In this quote, Paul Samuelson emphasizes that economics is not merely a dry study of numbers and models, but rather a discipline rich with human stories and interactions. Understanding economics involves recognizing its impact on people's lives, decisions, and the society at large, thereby highlighting the human interest intricately woven into economic theories and practices.
In practice
In a speech on economic policy, you could quote Samuelson to emphasize the human impact of economic theories.
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
I can't think of a president who has been overburdened by a knowledge of economics.
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
Economics has never been a science - and it is even less now than a few years ago.
The law of property determines who owns something, but the market determines how it will be used.
So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the United States. This has to be done on the basis of strength, of competitiveness.
The forgotten man at the bottom of the economic pyramid.
The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe.
When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.
Every dollar released from taxation that is spared or invested will help create a new job and a new salary.
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