Economics Quotes
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The world expects India to be one of the leaders in solving the problems of politics and economics. India sits at the high table in most major multilateral deliberations. What India says is heard with attention and seriousness.
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I view the work I've done related to statistics and economics as, roughly speaking, how to do something without having to do everything.
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Why do writers, say, give up a job in economics and decide to write poetry? Or, why do they give up a job in a bank and decide to paint, like Krishan Khanna? They want to convey something.
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I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics.
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I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.
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Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.
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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is.
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Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.
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After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics.
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So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it.
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It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like Homer Simpson than Superman. So from this perspective it is rather depressing. But at the same time there is also a silver lining. There are free lunches!
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One of the things I learned in 'Slavs!' is that it's much easier to talk about being gay than it is to talk about being a socialist. People are afraid of socialism, and plays that deal with economics are scarier to them.
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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
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Basically, movies come down to economics, and they're always too expensive. From a producer's point of view, an actor is either going to make him money or save him money.
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The data are what matter in economics, and the more ruthlessness that an economist can summon to make sense of the data, the more useful his findings will be.
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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
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In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.
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Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.
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What he's likely to do is to continue writing and speaking, as he has done to some extent at the Fed, and pursuing his interests in economics, which are very intense, ... He loves working with data and thinking of new ideas about the economy. I suspect we will get some of that, and in some ways, he'll be a little bit freer to speak.
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A lot of my colleagues have been people with broad interests in economics, not just narrowly focused interests.
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The anti-New Deal line is wrong as a matter of economics. F.D.R.'s spending programs did help the economy and created millions of new jobs.
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When men see how relevant the ten commandments are for economics, they should gain new respect for the importance of the laws of God for all of life, but especially for the life of dominion man, the man redeemed by grace through faith in the one true Dominion Man, Jesus Christ.
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What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass.
