Economics Quotes
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A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses?
Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.
Marriages are under strain today in terms of economics. There are social cross-currents. We see failed marriages. But it is not under attack by our gay and lesbian citizens.
The case for sponsorships in commercial spaceflight is compelling and could dramatically impact the economics of space tourism. Global brands are looking for fresh, new ways to position themselves on the leading edge of their categories.
First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
It's a question of economics. If you're paid the same as a man, which now you are in this profession, you're equal.
I was 15 years old at university, studying economics and philosophy, and I saw a retrospective of Australian film. They were very raw. 'Picnic at Hanging Rock,' 'Gallipoli;' they were fantastic.
Well, I think first of all, probably the most fundamental thing is that we are a mixed-signal analog semiconductor company, which, along with some of the other well-known names in the industry, enjoys very good economics.
To be brutally honest, it's simple economics. If they want to come into cycling, sponsors need to know the team they are funding is clean, otherwise the risk is just too great.
And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.
The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
After my undergraduate, I've written a thesis that was in the government department, but largely, it turned out almost an economic type of thesis. And I was very interested in that, and I wanted to go get a Ph.D. in Economics.
I didn't wake up one day and say, you know, 'Supply-side economics doesn't make sense.'
Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.
My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbolic logic and all of that.
I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.
I'm a Ph.D. in economics, and so you analyze every situation uniquely because every international situation is unique.
You know and I know and economists know that trickle-down economics doesn't work.
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents.
I went into the sciences very early on, but to me, economics pervades so much more of our lives and our existence.
I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.
Economics is half psychology and half Grade Three arithmetic, and the U.S. does not now have either half right.
I wonder if economics has less basic core material than is necessary for fields such as mathematics, physics, or chemistry, say.
We would, however, perform an injustice to the bourgeois women's rights movement if we would regard it as solely motivated by economics. No, this movement also contains a more profound spiritual and moral aspect.
Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.
Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.
I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One must be free to do what one wants to do, as long as you don't harm another. This is the seminal treatise on free-market economics.
Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.
The way I think of it, economics and ecology occupy two intellectual silos, isolated from each other. Even when they do take each other into consideration, it's not uncommon for ecologists to spout absolute nonsense about economics, and vice versa.
Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned from the '30s, it is a lesson we learned post-World War II, and it plays to our strengths.
I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.
I think that 'Lost' is a bit of a dinosaur in terms of the type of show it is. The economics just don't support making a show this big and complicated profitable enough for a network.
The moment is ripe for an experienced businessman to talk practical, prudent economics to the electorate - which is why Mitt Romney's political fortunes are steadily being resurrected from the grave.
While I tend to side with economist Milton Freidman when it comes to free-market economics, there is a place for 'Made in the U.S.A.' where national security is concerned.
You need to invest in areas where you can be the market leader because then you get a disproportionate share of the economics when you are.
I felt completely ready to become prime minister. I came to office better equipped, in terms of knowledge of economics and of the Australian economy, than anyone before me, or since, I would say.
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.
In 1922, I got a small stipend from the Swedish-American Foundation and went to Cambridge, England, for a few months and thereafter to Harvard University. In the summer, Cambridge was rather empty, but I am grateful for many pleasant talks about economics with Austin Robinson who, in the summer of 1922, seemed to be about as lonely as I was.
The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.
I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
I got into economics because I wanted to make things better for the average person.
Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
I think the economics of this country is intricately linked to the politics of this country and the two cannot be separated.
Lots of us have been plugging away, building a platform to talk about libertarian communism and post-scarcity economics.
As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.
I lived in London, went to the London School of Economics, do a lot of business in London, and have a lot of fun in London.
Oil has allowed us to think about economics as though energy doesn't matter.
I'm always for lower taxes because lower taxes make people want to do things. Less burden, more fun, and economics is about people wanting to have fun. Growth is fun for people in the marketplace.
While I am interested both in economics and in philosophy, the union of my interests in the two fields far exceeds their intersection.
Experimental economics is about conducting experiments: bringing economics into the laboratory or creating controlled conditions in the field that allow us to understand better what we are seeing in less controlled circumstances.
I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.
In a paper called 'The Economics of Matching: Stability and Incentives,' I showed that there were not any mechanisms that would always both produce a stable matching and make it completely safe for all firms and workers to reveal their true preferences.
The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.
The idea of applying psychology or behavioural sciences to communication is not a new one. It's very old behavioural economics. If it gives you some additional insights - so be it.
Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?'
The anti-New Deal line is wrong as a matter of economics. F.D.R.'s spending programs did help the economy and created millions of new jobs.
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
When I was a graduate student, I actually took a course in development economics and I thought it was the most boring thing in the world.
I have an economics degree from Harvard.
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