Economist Quotes
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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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Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don't seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.
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An economist is a scoundrel who tells you the way things are rather than the way you want them to be.
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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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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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An economist's definition of hatred is the willingness to pay a price to inflict harm on others.
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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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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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Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
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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 believe that economists put decimal points in their forecasts to show they have a sense of humor.
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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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You can make even a parrot into a learned political economist - all he must learn are the two words "supply" and "demand."
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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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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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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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With various people complaining about "price gouging?... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" ? not even when they bulldoze people's homes in order to turn.
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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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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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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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In most cases I start off with a sketch. But I'm also thinking about real images: out of National Geographic, out of fashion magazines, out of The Economist, out of Time. I'm making a sketch, but I'm using the existing images that have been put out in the world.
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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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Becoming an economist was not a childhood dream of mine.
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Nature's economy shall be the base for our own, for it is immutable, but ours is secondary. An economist without knowledge of nature is therefore like a physicist without knowledge of mathematics.
