Economists Quotes

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Quotes About Economists

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Philosophy ... should not pretend to increase our present stock, but make us economists of what we are possessed of. ~ Oliver Goldsmith
Economists quotes by Oliver Goldsmith
I would go one step further and say that the willingness to challenge professional economists - and other experts - should be the foundation of democracy. When you think about it, if all we have to do is to listen to the experts, what is the point of having a democracy at all? Unless we want our societies to be run by a body of self-elected experts, we all have to learn economics and challenge professional economists ~ Ha-Joon Chang
Economists quotes by Ha-Joon Chang
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out. ~ Mark Skousen
Economists quotes by Mark Skousen
There is a small minority of well-educated people with relatively sensible views on economics, and an extremely tiny minority of economists with highly sensible views. Then there's everybody else ... To win, a politician needs to please the median voter. It makes little difference if a few thousand economists think you a fool. ~ Bryan Caplan
Economists quotes by Bryan Caplan
In the 2013 Economists Program, we hired 51 percent women, 49 percent men. And the reason for that is that we have a draft from all over the world, and we've hired, for instance, in that group, a good number of Chinese economists - highly qualified, all Ph.D.s from the best universities of the world. And guess what? They're all women. ~ Christine Lagarde
Economists quotes by Christine Lagarde
Economists should be modest and be aware that they are part of the broader social science community. We need to be pragmatic about the methods we use. When we need to do history, we should do history. When we need to study political science, we should study political science. ~ Thomas Piketty
Economists quotes by Thomas Piketty
The way economists see it, the chances of an individual's vote influencing an election outcome is vanishingly small, so unless it is fun to vote, it doesn't make much sense to do so. ~ Steven D. Levitt
Economists quotes by Steven D. Levitt
Percentages! Those are for economists, polls, and politicians. Percentages can't define your identity. ~ Mary E. Pearson
Economists quotes by Mary E. Pearson
The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth. ~ Neal Boortz
Economists quotes by Neal Boortz
The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled. ~ George Soros
Economists quotes by George Soros
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. ~ John Maynard Keynes
Economists quotes by John Maynard Keynes
Give me a one-handed economist! All my economists say, On the one hand on the other. ~ Harry S. Truman
Economists quotes by Harry S. Truman
It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals. ~ Benjamin Graham
Economists quotes by Benjamin Graham
I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.' ~ Ha-Joon Chang
Economists quotes by Ha-Joon Chang
Contrary to economists' beliefs, the informal sectors of the world's economies, in total, are predominant, and the institutionalized, monetized sectors grow out of them and rest upon them, rather than the reverse. ~ Hazel Henderson
Economists quotes by Hazel Henderson
Economists, like royal children, are not punished for their errors. ~ James Buchan
Economists quotes by James Buchan
The economists will have to revise their theories of value. ~ Albert Einstein
Economists quotes by Albert Einstein
Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences. ~ Gary Becker
Economists quotes by Gary Becker
I may be only a fish and chip shop lady, but some of these economists need to get their heads out of the textbooks and get a job in the real world. I would not even let one of them handle my grocery shopping. ~ Pauline Hanson
Economists quotes by Pauline Hanson
Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process. ~ L. Neil Smith
Economists quotes by L. Neil Smith
We come astonishingly close to the mystical beliefs of Pythagoras and his followers who attempted to submit all of life to the sovereignty of numbers. Many of our psychologists, sociologists, economists and other latter-day cabalists will have numbers to tell them the truth or they will have nothing ... We must remember that Galileo merely said that the language of nature is written in mathematics. He did not say that everything is. And even the truth about nature need not be expressed in mathematics. For most of human history, the language of nature has been the language of myth and ritual. These forms, one might add, had the virtues of leaving nature unthreatened and of encouraging the belief that human beings are part of it. It hardly befits a people who stand ready to blow up the planet to praise themselves too vigorously for having found the true way to talk about nature. ~ Neil Postman
Economists quotes by Neil Postman
Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above. ~ Milton Friedman
Economists quotes by Milton Friedman
Leading economists have shown that by shrinking Texas, we can actually create more income for Texas in the long run. ~ Ian Frazier
Economists quotes by Ian Frazier
Economists are like computers. They need to have facts punched into them. ~ Kenneth E. Boulding
Economists quotes by Kenneth E. Boulding
The evident problem with democracy today is that the state is pre-empting - or "crowding out," as the economists say - our moral judgments. Rulers are adding moral judgments to the expanding schedule of powers they exercise. Nor does the state deal merely with principles. It is actually telling its subjects to do very specific things. Yet decisions about how we live are what we mean by "freedom," and freedom is incompatible with a moralizing state. That is why I am provoked to ask the question: can the moral life survive democracy? ~ Kenneth Minogue
Economists quotes by Kenneth Minogue
Even as I pursued a doctorate in the history of ideas in my native Denmark, I realized I had neither the encyclopedic training nor the passion for cool logic - not to mention the nerve - to follow in the footsteps of classical liberal philosophers and economists such as Robert Nozick, Friedrich Hayek, and Milton Friedman. ~ Anne Fortier
Economists quotes by Anne Fortier
The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it. ~ Ludwig Von Mises
Economists quotes by Ludwig Von Mises
The economists who have put the spotlight on teacher quality are the ones who most misunderstand it. ~ Andy Hargreaves
Economists quotes by Andy Hargreaves
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium. ~ John Kenneth Galbraith
Economists quotes by John Kenneth Galbraith
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy. ~ Adam Davidson
Economists quotes by Adam Davidson
As economists like to say, the plural of "anecdote" is not "data. ~ Robert Lane Greene
Economists quotes by Robert Lane Greene
(P162) The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others' actions. It is like a set of invisible mirrors that surround individuals, households or firms, reflecting back on them the consequences of their acts. The industrious will reap the benefits of their industry, the frugal the consequences of their frugality; the improvidant and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine. Private property institutionalises justice. This is its great virtue, perhaps dwarfing all others. We may say with the economists that private property "internalizes the externalities," or with the philosophers that it gives rise to "social justice. ~ Tom Bethell
Economists quotes by Tom Bethell
Not Locke, nor Hume, nor Smith, nor Burke, could ever have argued, as Bentham did, that "every law is an evil for every law is an infraction of liberty." Their argument was never a complete laissez faire argument, which, as the very words show, is also part of the French rationalist tradition and in its literal sense was never defended by any of the English classical economists. They knew better than most of their later critics that it was not some sort of magic but the evolution of "well-constructed institutions," where the "rules and principles of contending interests and compromised advantages" would be reconciled, that had successfully channeled individual efforts to socially beneficial aims. In fact, their argument was never antistate as such, or anarchistic, which is the logical outcome of the laissez faire doctrine; it was an argument that accounted both for the proper functions of the state and for the limits of state action. ~ Friedrich A. Hayek
Economists quotes by Friedrich A. Hayek
Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised political control limits the options. The best recipe is adaptive efficiency coping with novel uncertainty in a non-ergodic world, the maintenance of institutions which enable trial & error experiment to occur, and an effective means of eliminating unsuccessful solutions ~ Douglass North
Economists quotes by Douglass North
When I was Governor, Louis Kelso went out of his way to brief me. I was very impressed, but I was never able to get any of the economists in state government to give him the help his plan deserves. ~ Jerry Brown
Economists quotes by Jerry Brown
We have arrived at one of the central paradoxes of economics: uniformity amid diversity. Economists work with a plethora of models, pointing in all kinds of contradictory directions. Yet when it comes to the issues of the day, their views often converge in ways that cannot be justified by the strength of the available evidence. ~ Dani Rodrik
Economists quotes by Dani Rodrik
We chose to do this work mathematically, which has the advantage of precision but is not always appreciated by readers. It is perhaps for this reason that anthropologists have not shown much interest in these models, unlike economists, for example, for whom the use of mathematics poses no problem. However, one could reach the same conclusions by using just a bit of common sense. ~ Luigi Luca Cavalli-Sforza
Economists quotes by Luigi Luca Cavalli-Sforza
The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist ~ Nassim Nicholas Taleb
Economists quotes by Nassim Nicholas Taleb
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors. ~ Barry Ritholtz
Economists quotes by Barry Ritholtz
Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses. ~ Emily Oster
Economists quotes by Emily Oster
Engineers do engineering, i.e. they build bridges. So engineering needs engineers. The economy does NOT need economists. Economists do not make economy, but they try it and that is why we have so much problems with some financial models. ~ Steve Keen
Economists quotes by Steve Keen
I'm not going to put my lot in with economists. ~ Hillary Clinton
Economists quotes by Hillary Clinton
One the one hand, our economists treat human beings as rational actors making choices to maximize their own economic benefit. On the other hand, the same companies that hire those economists also pay for advertising campaigns that use the raw materials of myth and magic to encourage people to act against their own best interests, whether it's a matter of buying overpriced fizzy sugar water or the much more serious matter of continuing to support the unthinking pursuit of business as usual in the teeth of approaching disaster. ~ John Michael Greer
Economists quotes by John Michael Greer
You and I come by road or rail, but economists travel on infrastructure. ~ Margaret Thatcher
Economists quotes by Margaret Thatcher
The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist. ~ John Maynard Keynes
Economists quotes by John Maynard Keynes
The rationale for tenure is still valid. But the system has turned the academy into one of the most conservative and costly institutions in the country. Yes, conservative: Economists joke that their discipline advances one funeral at a time, but many fields must wait for wholesale generational turnover before new approaches take hold. ~ Francis Fukuyama
Economists quotes by Francis Fukuyama
The public is even more pessimistic about the economy than even the most bearish economists are. ~ Nate Silver
Economists quotes by Nate Silver
English majors understand human nature better than economists do. ~ Jane Smiley
Economists quotes by Jane Smiley
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists. ~ Joan Robinson
Economists quotes by Joan Robinson
... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. ~ Campbell R. McConnell
Economists quotes by Campbell R. McConnell
You're crazy, Zaphod," he was saying, "Magrathea is a myth, a fairy story, it's what parents tell their kids about at night if they want them to grow up to become economists, ~ Douglas Adams
Economists quotes by Douglas Adams
I am most often irritated by those who attack the bishop but somehow fall for the securities analyst
those who exercise their skepticism against religion but not against economists, social scientists, and phony statisticians. Using the confirmation bias, these people will tell you that religion was horrible for mankind by counting deaths from the Inquisition and various religious wars. But they will not show you how many people were killed by nationalism, social science, and political theory under Stalin or during the Vietnam War. Even priests don't go to bishops when they feel ill: their first stop is the doctor's. But we stop by the offices of many pseudoscientists and "experts" without alternative. We no longer believe in papal infallibility; we seem to believe in the infallibility of the Nobel, though ... ~ Nassim Nicholas Taleb
Economists quotes by Nassim Nicholas Taleb
Lift the curtain and 'the State' reveals itself as a little group of fallible men in Whitehall, making guesses about the future, influenced by political prejudices and partisan prejudices, and working on projections drawn from the past by a staff of economists. ~ Enoch Powell
Economists quotes by Enoch Powell
My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of economics. ~ William Stanley Jevons
Economists quotes by William Stanley Jevons
An overwhelming number of economists, international civil servants, and policy-makers argue that a fragmentation of the Eurozone would cause a new depression and massive wealth destruction around the world. It would also end the period of economic integration that has characterized world politics since the end of the Cold War. ~ Klaus Schwab
Economists quotes by Klaus Schwab
We have lots of evidence that putting investments in early childhood education, even evidence from very hard-nosed economists, is one of the very best investments that the society can possibly make. And yet we still don't have public support for things like preschools. ~ Alison Gopnik
Economists quotes by Alison Gopnik
Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest. ~ Charlie Munger
Economists quotes by Charlie Munger
Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works. ~ Kurt Bills
Economists quotes by Kurt Bills
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. ~ Laurence J. Peter
Economists quotes by Laurence J. Peter
Unfortunately, a lot of economists wanted to make their subject a science. So the more what you do resembles physics or chemistry, the more credible you become. ~ Ha-Joon Chang
Economists quotes by Ha-Joon Chang
There is much more to life than what gets measured in accounts. Even economists know that. ~ Tim Harford
Economists quotes by Tim Harford
Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful. ~ Paul Krugman
Economists quotes by Paul Krugman
The problem for free-market economists is that their policy recommendations at the dawn of a recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain. ~ Christopher Westley
Economists quotes by Christopher Westley
Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy. ~ Robert P. Murphy
Economists quotes by Robert P. Murphy
Most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood. ~ Alice Rivlin
Economists quotes by Alice Rivlin
Credit expansion results in the recurrence of economic crisis and periods of depression. Inflation makes the prices of all commodities and services soar. The attempts to enforce wage rates higher than those the unhampered market would have determined produce mass unemployment prolonged year after year. Price ceilings result in a drop in the supply of commodities affected. The economists have proved these theorems in an irrefutable way. No ~ Ludwig Von Mises
Economists quotes by Ludwig Von Mises
Many thinkers have tried to "naturalize" consumerism in that way, including most social Darwinists, Austrian School economists (Ludwig von Mises, Friedrich Hayek, Murray Rothbard), Chicago School economists (George Stigler, Milton Friedman, Gary Becker), Darwinian libertarians, globalization advocates, management gurus, and marketers. Their model (which I call the Wrong Conservative Model, because I think it's wrong, and because it's usually advocated by political conservatives) is: human nature + free markets = consumerist capitalism ~ Geoffrey Miller
Economists quotes by Geoffrey Miller
Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed. ~ Elizabeth Warren
Economists quotes by Elizabeth Warren
In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many of them from ~ John Kenneth Galbraith
Economists quotes by John Kenneth Galbraith
If all the economists were laid end to end, they'd never reach a conclusion. ~ George Bernard Shaw
Economists quotes by George Bernard Shaw
Labour is the source of all wealth, the political economists assert. And it really is the source
next to nature, which supplies it with the material that it converts into wealth. But it is even infinitely more than this. It is the prime basic condition for all human existence, and this to such an extent that, in a sense, we have to say that labour created man himself. ~ Friedrich Engels
Economists quotes by Friedrich Engels
Economists are like Aeolian harps, and the sounds that issue from them are determined by the winds that blow. ~ Rebecca West
Economists quotes by Rebecca West
With more than 67 percent of the Nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure. ~ Dennis Hastert
Economists quotes by Dennis Hastert
Even though the transformation of energy, in all of its various forms, is the very basis of all economic activity, only a tiny fraction of economists have even studied thermodynamics. And only a handful of individuals inside the profession have attempted to redefine economic theory and practice based on the energy laws. ~ Jeremy Rifkin
Economists quotes by Jeremy Rifkin
If economists were good at business, they would be rich men instead of advisers to rich men. ~ Kirk Kerkorian
Economists quotes by Kirk Kerkorian
Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want patients to receive the best care available. We also want consumers to pay less. And we don't want to bankrupt the government or private insurers. Something must give. ~ Sendhil Mullainathan
Economists quotes by Sendhil Mullainathan
At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider when we make our decisions. ~ John Rawls
Economists quotes by John Rawls
Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I'm down to mine and it hasn't. ~ Robert Orben
Economists quotes by Robert Orben
Economists' unanimity that bad business is ahead is the most reassuring news possible. It's very unlikely that this will be the one time they're right. ~ Malcolm Forbes
Economists quotes by Malcolm Forbes
The institutional arrangement whereby most professional economists are heavily burdened with teaching and administrative duties may militate against a sufficient admixture of the more laborious forms of statistical and field work. ~ Sir Henry Roy Forbes Harrod
Economists quotes by Sir Henry Roy Forbes Harrod
One speaks with great respect of economists, if only because they represent such a variety of opinions. ~ Robert Menzies
Economists quotes by Robert Menzies
Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish. ~ Benjamin Graham
Economists quotes by Benjamin Graham
Economists have calculated that every dollar invested in high-quality home visitation, day care, and preschool programs results in seven dollars of savings on welfare payments, health-care costs, substance-abuse treatment, and incarceration, plus higher tax revenues due to better-paying jobs.37 ~ Bessel A. Van Der Kolk
Economists quotes by Bessel A. Van Der Kolk
Our belief in salvation through the market is very much in the Utopian tradition. The economists and managers are the servants of God. Like the medieval scholastics, their only job is to uncover the divine plan. They could never create or stop it. At most they might aspire to small alterations. ~ John Ralston Saul
Economists quotes by John Ralston Saul
The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.' ~ Ben Bernanke
Economists quotes by Ben Bernanke
Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves. ~ Ludwig Von Mises
Economists quotes by Ludwig Von Mises
It is actually a rather sorry tale. In the late nineteenth century most English economists thought that economics was about happiness. They thought of a persons happiness as in principle measurable, like temperature, and they thought we could compare one persons happiness with anothers. They also assumed that extra income brought less and less extra happiness as a person got richer. ~ Richard Layard
Economists quotes by Richard Layard
Those who happen to have the right talents-should be economists and statesmen, and that all economists and statesmen should be Christians, and that their whole efforts in politics and economics should be directed 'Do as you would be done by' into action. If that happened and if we others were really ready to take it, then we should find the Christian solution for our own social problems pretty quickly. ~ C.S. Lewis
Economists quotes by C.S. Lewis
Economists think the poor need them to tell them that they are poor. ~ Peter Drucker
Economists quotes by Peter Drucker
Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media. ~ Paul Ormerod
Economists quotes by Paul Ormerod
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation. ~ Paul Ryan
Economists quotes by Paul Ryan
Moral sense is almost completely ignored by modern society. We have, in fact, suppressed its manifestations. All are imbued with irresponsibility. Those who discern good and evil, who are industrious and provident, remain poor and are looked upon as morons. The woman who has several children, who devotes herself to their education, instead of to her own career, is considered weak-minded. If a man saves a little money for his wife and the education of his children, this money is stolen from him by enterprising financiers. Or taken by the government and distributed to those who have been reduced to want by their own improvidence and the shortsightedness of manufacturers, bankers, and economists. Artists and men of science supply the community with beauty, health, and wealth. They live and die in poverty. Robbers enjoy prosperity in peace. Gangsters are protected by politicians and respected by judges. They are the heroes whom children admire at the cinema and imitate in their games. A rich man has every right. He may discard his aging wife, abandon his old mother to penury, rob those who have entrusted their money to him, without losing the consideration of his friends. ...Ministers have rationalized religion. They have destroyed its mystical basis. But they do not succeed in attracting modern men. In their half-empty churches they vainly preach a weak morality. They are content with the part of policemen, helping in the interest of the wealthy to preserve the framework of pres ~ Alexis Carrel
Economists quotes by Alexis Carrel
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. ~ Noam Chomsky
Economists quotes by Noam Chomsky
People today don't become economists to make the world a better place. ~ Tim Harford
Economists quotes by Tim Harford
Like other ideologies, that of free trade contains unspoken contempt for the individual citizen. It is a despairing response to the complexities of the real world and the politics of despair always replace choice with inevitability. Indeed despair is the natural tone of economists when they are selling their theories of salvation. ~ John Ralston Saul
Economists quotes by John Ralston Saul
Psychologists call this habituation, economists call it declining marginal utility, and the rest of us call it marriage. ~ Daniel M. Gilbert
Economists quotes by Daniel M. Gilbert
He never sat an examination in economics: his knowledge came from pondering problems and discussing them as much as from book-learning. ~ Richard Davenport-Hines
Economists quotes by Richard Davenport-Hines
Supply-side economists argue that because lower tax rates allow everyone in the private sector to keep more of what they earn, tax relief provides citizens with strong incentives to work longer hours (thus increasing labor), to save and invest more of their income (thus increasing capital), and to devote more attention to innovation of all kinds (thus increasing efficiency, or TFP). ~ David A. Moss
Economists quotes by David A. Moss
Economists like to strike the pose of a scientist. I know, because I often do it myself. When I teach undergraduates, I very consciously describe the field of economics as a science, so no student would start the course thinking he was embarking on some squishy academic endeavor.'1 ~ Ha-Joon Chang
Economists quotes by Ha-Joon Chang
Ludwig von Mises referred to Ayn Rand as 'the most courageous man in America.' If that doesn't say it all about the economist's man-centric frame of reference, I don't know what does. ~ Ilana Mercer
Economists quotes by Ilana Mercer
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