Economist Quotes
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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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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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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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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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Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
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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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I believe that economists put decimal points in their forecasts to show they have a sense of humor.
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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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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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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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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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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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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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Becoming an economist was not a childhood dream of mine.
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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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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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According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.
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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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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.
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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.
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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.
