A Quote by Paul Samuelson

Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition. — © Paul Samuelson
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.
I believe the auto industry is a competition of human resources, competition of funding, competition of technology - and the competition is international.
Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.
People always say there is competition in nature, but I think that because we are human, it's not only competition. Because we are human we have something other than competition - sharing, helping others, or being oneself. Competition is really kind of ugly.
I didn't know about competition or the Olympics until Peggy Fleming won in 1968. My mother looked after all of the competition stuff. I just skated. I didn't really love competition, but that was the only way to get better. You'd see more talent.
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
I believe that competition in the future will not be only an advertising competition between individual products or between big associations, but that it will in addition be a competition of propaganda.
The only competition you will have is the competition between your disciplined and undisciplined mind.
In this day and time, with no competition you are really walking a tightrope. I mean you may think that no competition is good, but in reality no competition is really bad.
It's important for parents to put kids in positions where they can succeed and to teach competition because competition exists not only in sports.
Only in situations where competition is illegal will competition not act naturally to bring the best product at the lowest price to the consumer.
Competition, of course there's always competition, and I like competition.
By competition the total amount of supply is increased, and by increase of the supply a competition in the sale ensues, and this enables the consumer to buy at lower rates. Of all human powers operating on the affairs of mankind, none is greater than that of competition.
Competition for places can only benefit you. If you know you've got that much competition, then you're just going to have to work that extra bit harder so you can catch the gaffer's eye.
The kind of society which we still have is maybe, in some cases, getting worse. Competition is becoming a virtue. Intense competition drives people to go more and more into self-interest. Even to see other folks as competition.
I suppose the Church would be perfect only if it were run by perfect beings. God is perfect, and His doctrine is pure. But He works through us - His imperfect children - and imperfect people make mistakes.
This is what I tell young women who ask me for career advice. People are going to try to trick you. To make you feel that you are in competition with one another. You're up for a promotion. If they go for a woman, it'll be between you and Barbara. Don't be fooled. You're not in competition with other women. You're in competition with everyone.
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