Quote by Paul Samuelson

Economics never was a dismal science. I should be a realistic science.

Economics never was a dismal science. I should be a realisti

Summary

This quote suggests that economics should not be perceived as a gloomy or pessimistic discipline, but rather as a realistic one. It implies that instead of merely focusing on negative aspects or predictions, the field should base its analyses on practical and data-driven approaches. By emphasizing the importance of realism, it encourages economists to foster a nuanced understanding of economic systems and be mindful of the complexities and dynamics that influence them. This perspective promotes a more balanced and accurate interpretation of economic phenomena.

Topics

Science

By Paul Samuelson

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