Economics Quotes
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Everybody feels better about himself, his community, and his country if employers are paying workers well. Economics, though, teaches that if every employer is pressured to raise wages, some labor will be priced out of the market.
Edmund Phelps
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It's critical to have a sound foundation in free-market economics and the Constitution. A great many Republicans in Washington don't have that foundation.
Ted Cruz
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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.
Quincy Jones
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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.
Vernon L. Smith
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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.
Ha-Joon Chang
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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.
Vernon L. Smith
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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.
Barry Ritholtz
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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.
Lars Peter Hansen
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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!
Dan Ariely
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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.
Barack Obama
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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.
Stephen J. Dubner
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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.
Ewen Bremner
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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
Murray Rothbard
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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.
Tony Kushner
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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.
Ben Bernanke
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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.
Thomas Sowell
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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.
Ha-Joon Chang
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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.
Alice Rivlin
