My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
Interpretation
The quote reflects on the challenges faced by students in finding job opportunities despite their background and education.
Paul Samuelson's quote illustrates the difficulties many students encounter when they enter the job market, despite being well-educated. He emphasizes that traditional methods of job searching might not work in a changing economic landscape, where supply and demand do not match up effectively. This statement sheds light on the complexities of employment where even diligent efforts can lead to frustrating outcomes, thus highlighting a misalignment in the job market.
In practice
In a university seminar discussing job readiness, this quote can emphasize the competitive nature of the job market.
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
I can't think of a president who has been overburdened by a knowledge of economics.
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
Economics has never been a science - and it is even less now than a few years ago.
There's nothing in Keynesian economics that would allow you to solve stagflation. But there's nothing in neoclassical economics that would allow you to solve stagflation, either.
So I believe in singing to such an extent that if I were asked to redesign the British educational system, I would start by insisting that group singing become a central part of the daily routine. I believe it builds character and, more than anything else, encourages a taste for co-operation with others. This seems to be about the most important thing a school could do for you.
In school you teach us not to fight with others, to work things out, to respect others, to clean up our mess, not to hurt other creatures, to share, not be greedy. Then why do you go out and do the things you tell us not to do? You grownups say you love us, but I challenge you, please, to make your actions reflect your words.
The one experience that I hope every student has at some point in their lives is to have some belief you profoundly, deeply hold, proved to be wrong because that is the most eye-opening experience you can have, and as a scientist, to me, is the most exciting experience I can ever have.
Reading is important. Books are important. Librarians are important. (Also, libraries are not child-care facilities, but sometimes feral children raise themselves among the stacks.)
As a people, we value family, education and success. Hunger is an enemy to all three. Scientific studies have demonstrated that even brief periods of hunger can permanently inhibit a child's mental, emotional and physical growth. Kids who are hungry do poorly in school and are unlikely to grow into productive adults. For families, experiencing hunger means living in a world of isolation and shame. Caring citizens must put an end to this disgrace.
Here’s how a child listens: you tell him something, and he puts his own interpretation on what you said. That’s what he hears. No one has ever heard you.
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