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.
I will cut taxes - cut taxes - for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class.
If I care about poverty, I have to care a lot about investments in the private sector. The private sector creates the vast majority of jobs in the world, and social protection only goes so far.
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
People want economy, and they'll pay any price to get it.
If you're totally illiterate and living on one dollar a day, the benefits of globalization never come to you.
Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.
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