Economics Quotes
-
Doing ventures is great - I'm talking economics now - if you've got a rising market. It's wonderful. If I hadn't got HKT, I would have been just as happy. Because there's a price for everything. And to overpay for something is awful.
-
However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.
-
I practice what has come to be called behavioral economics.
-
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.
-
Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.
-
Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
-
Economics was the only profession where a person could be considered an expert without having once been right.
-
Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.
-
The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
-
With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method.
-
It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.
-
The things that get rewarded, get done
-
The study of economics does not seem to require any specialised gifts of an unusually high order.
-
Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.
-
People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
-
Traditional economics is based on imaginary creatures sometimes referred to as 'Homo economicus.' I call them Econs for short. Econs are amazingly smart and are free of emotion, distraction or self-control problems. Think Mr. Spock from 'Star Trek.'
-
Intermittency in availability for wind and solar changes the economics, particularly this requirement that the power company at all times be able to require power. That's large.
-
Software engineering economics.
-
This is no time to lend money, especially upon bare friendship without security.
-
Over the long haul of life on the planet, it is the ecologists, and not the bookkeepers of business, who are the ultimate accountants.
-
Politics is the most concentrated expression of economics.
-
If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.
-
capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.
-
I went to university for a couple of years and I didn't enjoy university. The studying and the accountancy, economics, I just hated that stuff. Now the irony is here I am lawyer, accountant, I do it all day every day and sit at a desk. So I've never ended up where I wanted to be in many ways. I always wanted to be a farmer.
