Quotes About Economics

Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful

I do not believe there is a natural resource economics. I believe there is good economics and bad economics.

Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.

The Tea Party we were told is only about economics; not true. It was always about economics and social issues. They just hid the social issues and now we just see who they really are.

The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise ... economics is a form of brain damage.

I'm very proud to say I only took one course in economics in college, and it was on Saturday morning - Tuesday, Thursday and Saturday at 8 o'clock. Now I don't know what your college experience was like, but I'll tell ya, on Saturday morning at 8 o'clock, the last thing I wanted to do was go to economics class.

History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.

Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics.

After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics.

Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.

I feel like there's lot of people who know finance and economics better than I do. There are lots of people who are better storytellers than I am. But the space that I occupy of storytelling about finance and economics is - more people want it than can do it.

Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.

I think it's evident that expensive neighborhoods in Seattle are surrounded by natural beauty. That elevates city life. So if we can make cities more attractive in the long run, we can be smarter about issues like development, zoning and economics.

Economics exists to make astrology look respectable.

Class I to XII wasn't much help; I was always a mediocre student. But when I pursued higher education and studied economics with theatre or psychology with science fiction, I got a whole new world view.

Rock 'n' roll accepted me and paid me, even though I loved the big bands I went that way because I wanted a home of my own. I had a family. I had to raise them. Let's don't leave out the economics. No way.

In a world in which the price of calculation continues to decrease rapidly, but the price of theorem proving continues to hold steady or increase, elementary economics indicates that we ought to spend a larger and larger fraction of our time on calculation.

A study of economics usually reveals that the best time to buy anything is last year.

Why do writers, say, give up a job in economics and decide to write poetry? Or, why do they give up a job in a bank and decide to paint, like Krishan Khanna? They want to convey something.

Democracy cannot survive where there is such uniformity that everyone wears exactly the same intellectual uniform or point of view. Democracy implies diversity of outlook, a variety of points of view on politics, economics, and world affairs. Hence the educational ideal is not uniformity but unity, for unity allows diversity of points of view regarding the good means to a good end.

Marriage emerged some forty-five hundred years ago and evolved into a widespread and accepted institution that bonded families, maintained order, and created wealth. Unlike today, where many of us are searching for our romantic "soul mate," marriage was originally more about economics than deep emotion.

The attempt to isolate economics from other disciplines-notably politics, history, philosophy, finance, constitutional theory and sociology-has fatally disabled its power to explain what is happening in the world.

Regardless of past aspirations, this is the right time to be focusing on services for two specific reasons The increasing ubiquity of broadband has made it viable, and the proven economics of the advertising model has made it profitable.

You can sort of see elements of Donald trump policy in different walks of life. Brazil and France have a long history in intervening in business decisions to protect local jobs. What I don't think we see is much evidence that in the long run those types of tactics make much difference, when the economics of production are pushing in the other direction.

I started in college as a business major and finally transferred to home economics and studied making clothes.

As a school board member, I might have particular views about the ways we might increase the economics curriculum in a local high school, but I'm not sure I should mandate that for the entire country.

Cutting budget deficits can never be just an exercise in economics.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

We have always known that heedless self interest was bad morals, we now know that it is bad economics.

Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market economics merely relies on an abstract model of how people "must" behave.

Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.

On one project I was hanging out with Brad Pitt, and Ryan Gosling, and Steve Carrel, and Christian Bale, and trying to explain economics to them for a movie I'm an advisor on.

One of the jewels in the crown of Labour's time in office was the rescue of the National Health Service. As the Commonwealth Fund, the London School of Economics and the Nuffield Foundation have all shown, health reforms as well as additional investment were essential to improved outcomes, especially for poorer patients.

At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

The better the script, the less money there is. That's just the economics of the studio system.

American influence in the world is certainly considerable, but the United States does not control, directly or indirectly, the politics and economics of other societies, as empires have always done, save for a few special cases that turn out to be the exceptions that prove the rule.

There's something really special for a young person to sit in an audience and discover somebody, and it's rare to do because so much of a movie's economics are based on pre-existing actors or actresses.

The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.

To those who say climate change is not caused by human activity or that addressing it will harm the economy, let's encourage them to go to college, too, and to study physics and to study economics, but for the rest of us, let's get to work.

I do know enough about economics - and so do you - to understand that the 'stimulus program' of Barack Obama and his ravenous parasitic hordes, supposedly designed to 'repair' America's broken economy, reveals him to be unimaginably stupid, gibberingly insane, or simply the biggest, most barefaced criminal thug ever to occupy the White House. And that's saying a lot.

The kind of plan that Donald [Tramp] has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we've ever had.

I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.

One of the things I learned in 'Slavs!' is that it's much easier to talk about being gay than it is to talk about being a socialist. People are afraid of socialism, and plays that deal with economics are scarier to them.

And religion causes most of the problems, war, and economics of course, and study your history or you're going to repeat it; and if you're burning a Harry Potter book you need some serious counseling, you don't get it, you're missing the whole point.