Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

Quote by Paul Samuelson

Topics: Paul Samuelson Quotes

Funeral by funeral, theory advances.

Funeral by funeral, theory advances.

Sooner or later the Internet will become profitable. It's an old story played before by...

Sooner or later the Internet will become profitable. It's an old story played before by...

What we know about the global financial crisis is that we don't know very much.

What we know about the global financial crisis is that we don't know very much.

The problem is no longer that with every pair of hands that comes into the...

The problem is no longer that with every pair of hands that comes into the...

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian...

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian...

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

Politicians like to tell people what they want to hear - and what they want...

Politicians like to tell people what they want to hear - and what they want...

Economics has never been a science - and it is even less now than a...

Economics has never been a science - and it is even less now than a...

It is not easy to get rich in Las Vegas, at Churchill Downs, or at...

It is not easy to get rich in Las Vegas, at Churchill Downs, or at...

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Investing should be more like watching paint dry or watching grass grow. If you want...

Investing should be more like watching paint dry or watching grass grow. If you want...

Every good cause is worth some inefficiency.

Every good cause is worth some inefficiency.

For the skeptic there remains only one consolation: if there should be such a thing...

For the skeptic there remains only one consolation: if there should be such a thing...

Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is...

Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is...

Efficiency is doing things right; effectiveness is doing the right things.

Efficiency is doing things right; effectiveness is doing the right things.

Each of us has come to share the same point of view, that a global...

Each of us has come to share the same point of view, that a global...

One must choose between Obscurity with Efficiency, and Fame with its inevitable collateral of Bluff.

One must choose between Obscurity with Efficiency, and Fame with its inevitable collateral of Bluff.

Greater personal choice, individually tailored services, stronger local accountability, greater efficiency - these are all...

Greater personal choice, individually tailored services, stronger local accountability, greater efficiency - these are all...

Whenever there is a hard job to be done I assign it to a lazy...

Whenever there is a hard job to be done I assign it to a lazy...

In the exercise of God's efficiency, the decree of God comes first. This manner of...

In the exercise of God's efficiency, the decree of God comes first. This manner of...