Quotes About Economics

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.

Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.

One other thing: at the meeting in Canada, [there was] the coup in Fiji. This comes to an important part of the Commonwealth: the role of the Queen [Elizabeth II]. I had absolutely just enormous respect for her as leader of the Commonwealth. You could talk to her about any of the fifty-one countries of the Commonwealth and you could have an intelligent conversation with her about the economics, the politics. She really immersed herself in the Commonwealth.

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

I prefer to call the most obnoxious feminists what they really are: feminazis. Tom Hazlett, a good friend who is an esteemed and highly regarded professor of economics at the University of California at Davis, coined the term to describe any female who is intolerant of any point of view that challenges militant feminism.

We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.

Science is not enough, religion is not enough, art is not enough, politics and economics are not enough, nor is love, nor is duty, nor is action however disinterested, nor, however sublime, is contemplation. Nothing short of everything, will really do.

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.

Movements have narratives. They tell stories, because they are not just about rearranging economics and politics. They also rearrange meaning. And they're not just about redistributing the goods. They're about figuring out what is good.

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

Obama liberals, in their incalculable arrogance, believe they are smart enough to defy everything we know about human nature, economics and history by insisting on separating financial efforts from rewards and pretending this can bring prosperity.

In 1997, we faced daunting challenges. Boom and bust economics..... Now, for all that remains to be done, dwell for a moment on what has been achieved.

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.

We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.

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

Making a show is also economics. Because the irony is, or the shame of it is, you cannot create a show instantaneously. It needs to be massaged. You need to see who is relating to who. How is it working with the audience? You need to give it a chance for the audience to find it, because there are so many outlets. And the audience doesn't know where to go.

Today the logic goes something like this: 'Calling a ruler Son of God is out of style. No one really does that nowadays. We can support a president while also worshiping Jesus as the Son of God.' But how is this possible? For one says that we must love our enemies, and the other says we must kill them; one promotes the economics of competition, while the other admonishes the forgiveness of debts. To which do we pledge allegiance?

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.

Economics and ethics have little in common.

The trickle-down theory of economics has it that it's good for rich people to get even richer because some of their wealth will trickle own, through their no doubt lavish spending, upon those who stand below them on the economic ladder. Notice that the metaphor is not that of a gushing waterfall but of a leaking tap: even the most optimistic endorsers of this concept do not picture very much real flow, as their language reveals" pg. 102.

I have an economics degree with a minor in sociology. The reason I have that is because I want to do a ministry in urban areas and help with underprivileged kids.

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

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

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.

Economics is haunted by more fallacies than any other study known to man

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.

If I could direct it [films] I would be very happy. But the economics of business don't always allow you to do what you want.

The questions of economics, and how they infect, or rather how they affect intimacy. And that's probably the subject of all my films.

I wasn't actually very naturally good at economics. My brain doesn't work very well, in terms of mathematics.

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.

With impeccable prose, dry wit, and uncommon wisdom, Ted Thompson brings to life one family's painful disappointments and powerful resilience. The Land of Steady Habits combines Austen's shrewd mastery of domestic economics with Updike's compassion for the melancholy commuter to make something elegant, fresh, and brilliant.

I'll be a president that will turn our inner cities around and will give strength to people and will give economics to people and will bring jobs back.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

Let’s summarize. What is awesomeness? Awesomeness happens when thick — real, meaningful — value is created by people who love what they do, added to insanely great stuff, and multiplied by communities who are delighted and inspired because they are authentically better off. That’s a better kind of innovation, built for 21st century economics.

NAFTA, supported by the Secretary cost, us 800,000 jobs nationwide, tens of thousands of jobs in the Midwest. Permanent normal trade relations with China cost us millions of jobs. Look, I was on a picket line in early 1990's against NFATA because you didn't need a PhD in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.

There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .

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 lnternet is turning economics inside-out. For example, everybody on the internet now wants stuff for free and there are so many free services available.

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.

I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world.

Looking back, I should have pursued philosophy and economics and things of that sort in college more, but I didn't.

There are millions of white Americans today who still can barely bring themselves to acknowledge that the Civil War, with its twin Americas locked in a death match, was about slavery. They'll argue it was about economics, and they're right only because one of those economies was a slave economy. They'll argue it was about culture, and they're right only because one of those cultures was a slave culture.

I don't want to name names because they'd be mad at me if I did, but people who are significant novelists can't get published by real publishers at this point, or have to go through two years of trying after writing a novel that's taken them five or six years and simply can't get the thing in print. Or it gets in print and it doesn't get reviewed in the New York Times Book Review and disappears without a trace. I mean, it's terrifying. I don't know how anybody can stand it. It's such an enormous amount of work and the economics of it are really quite brutal.

I would love to see a debate on economics between Trump and Obama. Mr. 'Scholar,' Mr. Faculty Lounge Extraordinaire versus Mr. Real World Builder. I would love to see that. Obama wouldn't even get out his first sentence by the time Trump had given ten answers.

What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

I became a vegetarian in 1958 and it was very difficult in those days to really maintain that because there weren't many options... alternatives. But, now, it's a growing trend because... the economics are there. See, there's simply enough people demanding it that it's profitable to supply vegetarians with those products.