Economists Quotes
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Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.
Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.
My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.
Economists discount any factors that would not influence the thinking of a rational person.
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.
I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.
If all the economists in the world were laid end to end, it wouldn't be a bad thing.
The public is even more pessimistic about the economy than even the most bearish economists are.
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
Health economists have estimated that an injection of $250 million per year in Indigenous clinical care, and $50 million in preventative care, is required to provide services at the same level as for any other group with the health conditions of Indigenous Australians.
The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.
Entire populations of market strategists, fund managers, and economists are employed to try and intuit for clients which securities to bet on for the best possible return each year - or quarter.
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
The Communists were interested in getting into key positions as union officers, statisticians, economists, etc., in order to utilize the apparatus of the unions to promote the cause of revolution.
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Economics is extremely useful as a form of employment for economists.
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Mr. Trump has said he strongly supports immediate expensing of capital expenditures, which many economists agree would encourage growth.
The density of settlement of economists over the whole empire of economic science is very uneven, with a few areas of modest size holding the bulk of the population.
I am often considered almost not a part of the profession of Establishment economists. I am even referred to as a sociologist. And by that, economists usually do not mean anything flattering.
In the late 1960s, the New Classical economists saw the same weaknesses in the microfoundations of macroeconomics that have motivated me. They hated its lack of rigor. And they sacked it.
When the Smoot-Hawley bill landed on President Herbert Hoover's desk, more than 1,000 economists urged him to veto it. Tragically, the president ignored their pleas.
Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply.
Ask five economists and you'll get five different answers - six if one went to Harvard.
Many scientists and economists also say putting a price on carbon through carbon taxes and/or cap-and-trade is necessary.
I guess economists, it's a bit like scientists; you have definitely fewer women in that field.
Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.
Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have found is that major rises and falls in prices are actually inevitable.
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.
What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists.
A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.
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