Economic Models Quotes

I remember Secretary of State [George] Shultz one day saying that America is an economic model for the world. I replied to him that America represents 5 percent of the world's population and consumes 30 percent of the world's energy. What if everyone in the world lives like Americans? Where do we get the energy for this standard of living? ~ Mikhail Gorbachev

I grew up with free television. Now, it wasn't free, there was these commercials, and so the economic model was driven through commercials and through advertising. ~ Nicholas Negroponte

Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation. ~ Joseph Stiglitz

It might sound like I'm a dreamer, but economic models have reached their height of evolution. Technology has evolved. What hasn't evolved is mankind's spirituality; everything is from 3,000 years ago. With spirituality comes morals, a better way of thinking. ~ Damian Marley

I think the tragedy of Barack Obama's presidency is that although a lot of people around the world really admire Barack Obama a lot, they don't admire the American political and economic model as much as they used to. ~ Peter Beinart

An ever growing part of our major institutions' functions is the cultivation and maintenance of three sets of illusions which turn the citizen into a client to be saved by experts...The first enslaving illusion is the idea that people are born to be consumers and that they can attain any of their goals by purchasing goods and services. This illusion is due to an educated blindness to the worth of use-values in the total economy. In none of the economic models serving as national guidelines is there a variable to account for non-marketable use-values any more than there is a variable for nature's perennial contribution. ~ Ivan Illich

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. ~ John Carroll

If the search is for examples that contradict the predictions of standard economic models, a good rule of thumb is to start in France. ~ Robert H. Frank

This figuring-out step is crucial, since overly optimistic economic models have often assumed that demand and incentives are enough to stimulate the production of any product. Incentives work to motivate intermediaries and traders, but makers, who are the ones that provide the substance of what is traded, need more than an incentive to make something. They need to know how to do it. ~ Cesar Hidalgo

I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project. ~ Edmund Phelps

Unlike Hegel's progress model of history, which moves by stages, each containing its own logic of growth and decline, the economic model develops as the simple function of one money-variable over time, with a long-term trend which increases monotonically. ~ John Carroll

People will continue to make movies. But I do think the economic model of the studio movie is closing in on a kind of systemic collapse. ~ Matthew Specktor

Poets have recently been misappropriating words in order to describe poetry as an economy that, outside the poem itself, has little to do with the dominance of the market but nearly everything to do with the dominance of the state. Across the United States poets have turned to economic models from a basic need to articulatea value for a livelihood dedicated, in whole or in part, to the poetic process. Their wages cannot, of course, be determined in the bear market for free verse.Popular neglect makes it easy for poets to assume that poetry is a gift and not a commodity. Too often they ignore the state's role as mediator between gift and market through the system of grants and copyright. ~ Keneth Warren

We can pay the ecological debt by changing economic models, and by giving up luxury consumption, setting aside selfishness and individualism, and thinking about the people and the planet Earth. ~ Evo Morales

I have a lot of trouble understanding all the detail of finance and administration - but if you combine intellectual and professional capacity with a social conscience, you can change things: countries, structures, economic models, colonial states. ~ Evo Morales

Toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult. ~ Yanis Varoufakis

In Craig Blomberg's survey of the Mosaic laws of gleaning, releasing, tithing, and the Jubilee, he concludes that the Biblical attitude toward wealth and possessions does not fit into any of the normal categories of democratic capitalism, or of traditional monarchial feudalism, or of state socialism. The rules for the use of land in the Biblical laws challenge all major contemporary economic models. They "suggest a sharp critique of 1) the statism that disregards the precious treasure of personal rootage, and 2) the untrammeled individualism which secures individuals at the expense of community."38 ~ Timothy Keller

I think ultimately Obama's ability to rebuild America's image in the world will depend less on his personal good will and more his ability to rebuild an American economic model that seems stable and humane and dynamic. ~ Peter Beinart

The United States is such a potent political, cultural, and economic model in the evocation of the contemporary world, that to come here, select some elements from the prototype and rearrange them, that's really interesting artistically. ~ Bruno Dumont

Nothing in these abstract economic models actually works in the real world. It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality. ~ Noam Chomsky

It doesn't have the ability to think rationally this economic model. It thinks like a drug addict: 'Where can I get my next fix?' It doesn't learn wisely. Any kind of measure of natural wisdom would be: you make a mistake, you correct it the next time around. But a drug addict feels terrible ... and then says: 'I want more'. Unfortunately we have an economic model that thinks like a crack addict. ~ Naomi Klein

America has always been greatest when we dared to be great. We can reach for greatness again. We can follow our dreams to distant stars, living and working in space for peaceful, economic, and scientific gain. Tonight, I am directing NASA to develop a permanently manned space station, and to do it within a decade. ~ Ronald Reagan

The perfect pop song is a 20th-century creation; it's not a sonnet, it's not an opera, it's something short - three and a half minutes by nature - and has this ability to travel and to defy class and economic structures. ~ Doug Aitken

New Age values are conscious evolution, a non-sectarian society, a non-military culture, global sharing, healing the environment, sustainable economies, self-determination, social justice, economic empowerment of the poor, love, compassion in action, going beyond religious fundamentalism, going beyond nationalism-extreme nationalism, culture. ~ Deepak Chopra

But please remember, that in 1991 in the Seym [lower chamber of polish parliament] I didn't demand the abolishment of Special Economic Zones. I demanded the creation of a single Special Economic Zone - which would encompass the whole country! ~ Janusz Korwin-Mikke

We perceive through our senses a person, a situation or an event, and in an instant, we project our mental models - our fears, background and experiences - onto that perception. This often results in cognitive errors, which means we judge and respond incorrectly. ~ Elizabeth Thornton

The paramount question of the day is not political, is not religious, but is economic. The crying-out demand of today is for a circle of principles that shall forever make it impossible for one man to control another by controlling the means of his existence. ~ Voltairine De Cleyre

When the economy of a country is based fundamentally on the principles of truth and honesty, that nation experiences economic stability. ~ Sunday Adelaja

Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution. ~ John Sununu

Power ... Military success is not sufficient to win: economic development, institution-building and the rule of law, promoting internal reconciliation, good governance, providing basic services to the people, training and equipping indigenous military and police forces, strategic communications, and more of these, along with security, are essential ingredients for long-term success ... ~ Robert M. Gates

Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions. ~ Clayton Christensen

We have an economic policy that is just about 10,000 years out of date. ~ Louis O. Kelso

At what point do we admit that the NFL's true economic function is to channel our desire for athletic heroism into an engine of nihilistic greed? ~ Steve Almond

I want to make it clear,if there is ever a conflict (between environmental quality and economic growth), I will go for beauty, clean air, water, and landscape. ~ Jimmy Carter

Our social and economic systems are so devoid of humanity and love. ~ Russell Brand

I want my models to be bigger, stronger and taller than common mortals. I need superwomen and supermen. ~ Thierry Mugler

The biggest mistake people make when trying to be authentic is just that: they try. They see these role models of what an "authentic" person is supposed to look like or act like, and they try to emulate that.

Authenticity isn't about what things appear to be. It's about allowing things to be what they are. Authenticity is about getting away from hiding, from wearing a mask, from always asking, "How should I act? What should I say? What will people think?" That includes asking, "How should an authentic person act? What would a genuine person say?"

Being authentic isn't about making yourself a certain way. It's not even about finding out what you "really" enjoy as opposed to what other people enjoy, or who you "really" are as opposed to who other people are. Authenticity is allowing your likes, dislikes, personality, appearance, hobbies, and beliefs to be fluid, to change, to evolve as you learn, grow, and experience the world.

At its core, authenticity is the practice of surrendering the tiresome task of keeping up appearances and taking up of the lifetime work of allowing what is already within you to come out while you remove as many internal and external obstacles as possible.

And who knows what will spill out of you if you just allow it to? Who knows what is within you awaiting recognition, awaiting permission to show itself to the world? Even you don't know - until you try. Or, rather, until you stop trying. Until you become cu ~ Vironika Tugaleva

Being a philosopher requires a lot of thinking and no action. Being a model requires a lot of action and no thinking. ~ Mokokoma Mokhonoana

I think on some level, role models are overrated If you require a role model who looks just like you to be something you wanna be and you can't find one, is that a reason to not be what you wanna be? No! ~ Neil DeGrasse Tyson

Every time economic and technical development takes a step forward, forces emerge which attempt to create political forms for what, on the economic-technical plane, has already more or less become reality. ~ Christian Lous Lange

I'd like to go back and revisit the Flash/Captain Cold relationship, because that to me has been the heart of it all along. My impression is that The Flash is a show about a boy's journey into manhood. For the Flash character, there is a variety of male models presented to him, and Captain Cold is one of them. ~ Wentworth Miller

You see, this is a problem all over the world. Man is seeking a new response, a new approach to life, because the old ways are decaying, whether in Europe, in Russia, or here. Life is a continual challenge, and merely to try to bring about a better economic order is not a total response to that challenge, which is always new; and when cultures, peoples, civilizations are incapable of responding totally to the challenge of the new, they are destroyed. Unless you are properly educated, unless you have this extraordinary confidence of innocence, you are inevitably going to be absorbed by the collective and lost in mediocrity. You will put some letters after your name, you will be married, have children, and that will be the end of you. You see, ~ Jiddu Krishnamurti

Talent finds its models, methods, and ends in society, exists for exhibition, and goes to the soul only for power to work. Genius is its own end, and draws its means and the style of its architecture from within. ~ Ralph Waldo Emerson

When you look at what has happened over the last few decades the natural fluctuations point in the opposite direction of what has actually occurred. When they run the models and plug in the man-made pollution, the correspondence is exact. Beyond that, the scale of natural fluctuations has now been far exceeded by the impact of man-made global warming. ~ Al Gore

I am who I am and I am what I am. And it's beautiful. And it's okay even if it doesn't look like the sexiest Victoria Secret model. It also boils down to my interactions with people. ~ Evangeline Lilly

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? ~ Andre Gunder Frank

Many more people could ride out the storm-tossed waves in their economic lives if they had their year's supply of food ... and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year's supply of debt and are food-free. ~ Thomas S. Monson

Global poverty is a complex web of interlinked problems. There is no one 'silver bullet' that will solve global inequality. Multiple contributing factors must be tackled in parallel. Yes, education alone is unlikely to lead to employment without economic reform to address the demand side in much of the developing world. ~ Adam Braun

Debt is a social and ideological construct, not a simple economic fact. ~ Noam Chomsky

Open political and economic systems have been gaining ground and there's a good reason for it. They work better. ~ George P. Shultz

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity. ~ George Soros

but racism is about the power of a group and in America it's white folks who have that power. How? Well, white folks don't get treated like shit in upper-class African-American communities and white folks don't get denied bank loans or mortgages precisely because they are white and black juries don't give white criminals worse sentences than black criminals for the same crime and black police officers don't stop white folk for driving while white and black companies don't choose not to hire somebody because their name sounds white and black teachers don't tell white kids that they're not smart enough to be doctors and black politicians don't try some tricks to reduce the voting power of white folks through gerrymandering and advertising agencies don't say they can't use white models to advertise glamorous products because they are not considered "aspirational" by the "mainstream." So ~ Chimamanda Ngozi Adichie

The corporatization of U.S. agriculture and the growth of international free markets squeeze growers such that they cannot easily imagine increasing the pay of the pickers or improving the labor camps without bankrupting the farm. In other words, many of the most powerful inputs into the suffering of farmworkers are structural, not willed by individual agents. In this case, structural violence is enacted by market rule and later channeled by international and domestic racism, classism, sexism, and anti-immigrant prejudice. However, structural violence is not just a simple, unidirectional phenomenon; rather, macro social and economic structures produce vulnerability at every level of the farm hierarchy. ~ Seth Holmes

Three of Donald Trump's kids have come forward to defend him, and called him 'an incredible dad and role model.' Donald was so moved that he wrote one of them back into his will. 'I'm not gonna tell you which one ... it's Donald Jr.' ~ Jimmy Fallon

We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold. ~ Walter Reuther

Art and work and art and life are very connected and my whole life has been absurd. There isn't a thing in my life that has happened that hasn't been extreme - personal health, family, economic situations ... absurdity is the key word ... ~ Eva Hesse

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place. ~ Ben Bernanke

The White House is defending President Obama's sports activities over the past week, saying that everyone needs leisure time. Thanks to these economic policies, 9.5 percent of Americans have all the leisure time they need. ~ Jay Leno

In business school classrooms they construct wonderful models of a non- world. ~ Peter Drucker

Small businesses are vital contributors to our economy. They are the economic engine that is creating jobs, exploring innovation, and expanding opportunities for Americans in every community across the Nation. ~ Allyson Schwartz

The image of a country is not just about economic and military strength. The soft face of a country also makes a difference. Sports are one such soft power which can capture the world's attention to India. ~ Narendra Modi

On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government. ~ Lawrence R. Klein

In my teaching, I enjoyed creating models to clearly communicate my thoughts. ~ Erno Rubik

In the United States economic system you can lose big or you can win big. If you lose you wind up wearing a Hefty bag and sleeping in a doorway. If you win you can have sex with Catherine Zeta Jones when you're seventy-five. ~ Richard Jeni

Moved by the need for control, for an unchallenged top tier, the power elite in American history has thrived by placating the vulnerable and creating for them a false sense of identification----denying real class differences whenever possible. The relative few who escape their lower class roots are held up as models, as though everyone at the bottom has the same chance of succeeding through cleverness and hard work, scrimping and saving. Personal connections, favoritism, and trading on class-based knowledge still grease the wheels that power social mobility in today's business and professional worlds. ~ Nancy Isenberg

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth. ~ Lou Jiwei

In brief, Western democracy, as other political models, is not exportable to all regions of the world. ~ Omar Bongo