Quote of the week – Paul Samuelson

“Economics is not an exact science. It’s a combination of an art and elements of science. And that’s almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we’re improving our data bases and our ways of reasoning about them.”

Paul Samuelson

The last quotes were from Elinor Ostrom, Robert Solow, Joan Robinson, and Friedrich A. Hayek.

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