Bob Frank Quotes
Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.
Bob Frank
Quotes to Explore
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
The remarkable thing about the U.S. is that for so long we were so big, and we were not heavily engaged. We have to worry about global financial crises affecting our economy.
Alice Rivlin
The economists will have to revise their theories of value.
Albert Einstein
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
Paul Krugman
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
John Maynard Keynes
She was of the stuff of which great men's mothers are made. She was indispensable to high generation, hated at tea parties, feared in shops, and loved at crises.
Thomas Hardy
A great nation cannot abandon its responsibilities. Responsibilities abandoned today return as more acute crises tomorrow.
Gerald Rudolph Ford Jr.
Altermodern is an in-progress redefinition of modernity in the era of globalisation, stressing the experience of wandering in time, space and mediums. The term 'altermodern has its roots in the idea of 'other-ness (Latin alter = 'other, with English connotation of 'different) and suggests a multitude of possibilities, of alternatives to a single route. It suggests that the historical period defined by postmodernism is coming to an end, symbolised by global financial crises.
Nicolas Bourriaud
Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability.
Timothy Geithner
Dodd-Frank is the most restrictive financial regulation since the Great Depression—but it won’t stop another bubble.
Ziad K. Abdelnour
Beware of economists who hide assumptions.
Anat R. Admati
In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.
Alan M. Taylor
