I did not throw out my education lightly, but what I was being taught was of no use in explaining what I saw around me. It was the Great Depression.
Interpretation
Education must be relevant to one's experiences and observations.
In this quote, Paul Samuelson reflects on the inadequacy of traditional education during the Great Depression, where he felt that what he was taught did not align with the harsh realities he observed in the world. This illustrates a broader critique of educational systems that may not prepare individuals for real-life challenges, emphasizing the importance of practical and applicable knowledge in any learning process.
In practice
In a graduation speech to emphasize the importance of relevant education.
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.
Students and scholars of all kinds and of every age aim, as a rule, only at information, not insight. They make it a point of honour to have information about everything, every stone, plant, battle, or experiment and about all books, collectively and individually. It never occurs to them that information is merely a means to insight, but in itself is of little or no value.
Thanks to my reading, I have never been caught flat-footed by any situation, never at a loss for how any problem has been addressed... It doesn't give me all the answers, but it lights what is often a dark path ahead.
If you teach a poor young man to shave himself, and keep his razor in order, you may contribute more to the happiness of his life than in giving him a thousand guineas. This sum may be soon spent, the regret only remaining of having foolishly consumed it; but in the other case, he escapes the frequent vexation of waiting for barbers, and of their sometimes dirty fingers, offensive breaths, and dull razors.
I've spoken in every state in the union, meeting and hugging the people who later bought my books. I spoke to anybody who wanted to hear me, including 1,000 nuns who could pay me only with homemade bread.
Just once in a while let us exalt the importance of ideas and information.
The schools would fail through their silence, the Church through its forgiveness, and the home through the denial and silence of the parents. The new generation has to hear what the older generation refuses to tell it.
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