Economist Quotes
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Where the bourgeois economists saw a relation between things (the exchange of one commodity for another) Marx revealed a relation between people.
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The conclusion to which I am ever more clearly coming is that the only hope of attaining a true system of economics is to fling aside,once and forever, the mazy and preposterous assumptions of the Ricardian school. Our English economists have been living in a fool's paradise. The truth is with the French school, and the sooner we recognize the fact, the better it will be for all the world, except perhaps the few writers who are far too committed to the old erroneous doctrines to allow for renunciation.
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I think you've got to watch out for anybody in high school who says he wants to become an economist.
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Economists say the inability to delay gratification is a primary predictor of economic failure in life.
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Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
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An economist's definition of hatred is the willingness to pay a price to inflict harm on others.
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A useful role exists for the economist is making calculations of the prospective costs and/or benefits of alternative policies. This role is precisely the one Keynes had in mind, I assume, when he expressed the hope that we would become useful after the fashion of dentists.
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Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
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Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.
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In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that their science can only be satisfactorily treated on an explicitly mathematical basis.
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The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.
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When asked by the New York Times why she altered her position, she quoted the great economist John Maynard Keynes: “when the facts change, I change my mind.
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I believe that economists put decimal points in their forecasts to show they have a sense of humor.
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Becoming an economist was not a childhood dream of mine.
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After taking risk into account, do more managers than you’d see by chance outperform with persistence? Virtually every economist who studied this question answers with a resounding 'no.'
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Commercial concerns have expanded from family business to corporate wealth which is self-perpetuating and which enlightened statesmen and economists now dread as the most potent oligarchy yet produced.
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As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.
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Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society.
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The electorate, Adam had read in The Economist, would grow increasingly diverse and the Republicans would die off as a national party even if something remained the matter with Kansas.
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Policy makers have plainly failed both here in the United States and in Europe as well. People who have suffered because of that. And when they say, "Throw out economists, we don't trust economists anymore," you can totally understand why.
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Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.
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It's my belief that one of the unconscious reasons which underlies the odd attitude of the establishment toward hallucinogens is the fact that they bring the mystery to the surface as an individual experience. In other words, you do not understand the psychedelic experience by getting a report from Time magazine or even the Economist. You only understand the psychedelic experience by having it.
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As there are so many who talk prose without knowing it, or, again, who syllogize without having the least idea what a syllogism is, so economists have long been mathematicians without being aware of the fact.
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You can make even a parrot into a learned political economist - all he must learn are the two words "supply" and "demand."
