"Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."

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Source : "Report of the evaluative committee for Econometrica". Paper by Paul Samuelson, Tjalling Koopmans, and Richard Stone. Econometrica - journal of the Econometric Society, pp. 141-146, 1954.

Paul Samuelson

#Development Quotes #May Quotes #Analysis Quotes

“I discovered very soon, especially for movies, because I started in theater, that every director has his own universe. You have to be free enough to try to understand what he wants from you. Especially when that director has a tremendous personality. And I'm talking about people like Pedro Almodovar and Robert Rodriguez and Quentin Tarantino and Woody Allen. And you have to adapt. If you don't adapt to them, you are off the thing.”
“Children smile 400 times a day on average ... adults 15 times. Children laugh 150 times a day ... adults 6 times per day. Children play between 4-6 hours a day ... adults only 20 minutes a day. What's happened?”
“The smaller the function, the greater the management.”
“People say Altamont was the end of the 60s. It was unfortunate, but at the time we didnt think of it as signaling anything. The fact that nobody got killed at Woodstock is amazing because that was half a million people. We only had 300,000 at Altamont.”
“Poems are difficult to silence.”

Source : "The Answer Man" by Stephen Greenblatt, www.newyorker.com. August 8, 2011.
“Children don't play outside enough. For hundreds of thousands of years young people spent time outside - until 15 years ago.”
“I don't consider myself enigmatic, but I don't spend a lot of time thinking about my public persona.”
“I want to be very clear: whenever it is possible to capture a suspected terrorist, it is the unqualified preference of the administration to take custody of that individual so we can obtain information that is vital to the safety and security of the American people.”

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