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What we know about the global financial crisis is that we don't know very much.
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Every good cause is worth some inefficiency.
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The remarkable fact is not how much government does to control economic activity, but how much it does not do.
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You're not making a decision if you come to a fork in the road. There is no 'it' to take. It's one or the other.
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Economics is a choice between alternatives all the time. Those are the trade-offs.
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The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows.
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Good questions outrank easy answers.
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Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
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Women are men without money.
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Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.
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Economics has never been a science - and it is even less now than a few years ago.
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Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.
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The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.