“An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport’s coal cellar) once said: “There is no reason why theoretical economics should be a monopoly of the reactionaries.” All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.”

— Paul A. Samuelson

Source: 1950s–1970s, Maximum Principles in Analytical Economics, 1970, p. 76

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Paul A. Samuelson 47

American economist 1915–2009

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