Quotes About Economics

Economics and a reliance on science and technology to solve our problems has led to an unsustainable situation where continued growth in consumption is required for governments and business to be considered successful. This is a form of insanity. Economics is at the heart of our destructive ways and our faith in it has blinded us

I think corporations should give more attention to this suffering and should wait to invest until there is a responsible government in Burma. I do not think it is a good idea to separate economics from politics; in fact, I do not think economics can be separated from politics It's quite understandable that many business concerns think only about their own profits It's up to the public to put as much pressure as it can on these companies, through shareholder resolutions and public actions.

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality.

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.

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing.

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.

Economics taught in most of the elite universities are practically useless in my context. My country [Afghanistan] is dominated by drug economy and a mafia; textbook economics does not work in my context.

Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models ... have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, ... the index of increasing income or an increasing flow of commodities.

Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between economics and sociology will be the most fruitful building ground during the years to come and that mathematical economics will remain too flawless in its perfection to be very fruitful.

In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.

Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.

As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with 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.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

When we refer to 'the biblical approach to economics' or the biblical response to politics' or 'biblical womanhood,' we're using the Bible as a weapon disguised as an adjective.

The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters.

If you don’t want to cry about the state of the economy, why not laugh instead? This book is an ideal introduction to the subject for anybody who thinks they ought to understand what’s happening around them but is put off by the usual dense text and economics jargon.

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

I don't want to die and leave a few sad songs and a hump in the ground as my only monument. I want to leave a world that is liberated from trash, pollution, racism, nation-states, nation-state wars and armies, from pomp, bigotry, parochialism, a thousand different brands of untruth and licentious, usurious economics.

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.

Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry-and owning it.

The relation of eugenics to British psychiatry bears examination. The primary controlling body for psychiatry in England is the British National Association for Mental Health (NAMH), formed in 1944, and initially run by the mentally unstable Montagu Norman, previously of the Bank of England. The group originally met at Norman's London home, where he and Nazi Economics Minister Hjalmar Schacht had met in the 1930s to arrange financing for Hitler.

If you look at the economics of Nokia roughly half of the company, half of the business, half of how we think about the business is focused on those emerging markets and on those lower-priced devices. But, of course, people who are aspirational and buying those lower-priced devices today are looking at smart phones tomorrow, and so forth.

It was important to me to put together a future history that would scan, and serve as the backdrop to the domestic story. Economics is really what drives the plot.

Initially, terrorism was a certain mixture of politics, economics, and religion. Now, it seems that terrorism is more individual and done to avenge personal grudges. So there are two kinds of terrorism.

Economics is the study of how society manages its scarce resources.

[A]n important new book. . . . Professor Akerlof and Rachel Kranton have invented Identity Economics.

Thomas Sowell is America's foremost public intellectual and for good reason. His work covers almost every subject imaginable- race, economics, Marxism, ethnic groups, immigration patterns, just to name a few. He is persuasive and provocative and always scintillating. I've read all his books and never been even faintly disappointed. Black Rednecks & White Liberals is no exception.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

I'd like the reader to decide if he is willing to pay minute sums for content. I'd like the economics of web to be controlled between authors and readers, not advertiser.

Humans have trouble with economics, as you may have noticed, and not just because economic circumstances sometimes cause them to starve. Humans seem to have an innate inability to pay attention to economic principles.

Though the poorest Americans voted for Hillary Clinton, many relatively wealthy people voted for Trump and generally it's a mistake to think that economics explains Trump. The US is doing relatively well, the economy has significantly recovered since 2008, unemployment rates are low. I would say rather that his appeal to the working class was cultural: "I'll bring back the kinds of jobs your fathers had," and, by implication, the whiter, simpler post-war world when America had no real economic competition.

There is no such thing as economics, only social science applied to economic problems.

Racism is not nearly as important as poverty. That's the same around the world. What look like ethnic problems are really economic issues. If you look closely at all these conflicts around the world, they come down to poverty and economics and resources. The more poverty, the worse the war.

Economics, as it has emerged, can be made more productive by paying greater and more explicit attention to the ethical considerations that shape human behaviour and judgment.

The Sherman Act is similar in the economics sphere to the Bill of Rights in the personal sphere.

Everyone in the United States is so intense about maintaining a separation between Church and State when the real concern should be about keeping a separation between Corporations and State--because in America (and most of the rest of the Western World, for that matter) economics is the real religion.

The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics.

Everybody thinks of economics whether he is aware of it or not. In joining a political party or in casting his ballot, the citizen implicitly takes a stand upon essential economic theories.

Much of what Tea Party candidates claimed about the world and the global economy during the 2010 elections would have earned their adherents a well-deserved F in any freshman economics (or earth science) class.

Every sacred cow in the business has to do with economics.

I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.

These days no one can make money on the goddamn airline business. The economics represent sheer hell.

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

The history of the Church has been a history of divisiveness, repression and reaction. For almost 2000 years, Christianity has held mankind back in politics, in economics, in industry, in science, in philosophy, in culture.

Most Americans don't know enough about basic economics to fill out one fortune cookie.

We girls should have to change a tire or take a 'change your oil' class in high school instead of taking home economics, because we'd benefit from that.