Economics Quotes
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In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering as a donor or a nondonor are low, the results should be similar. But many findings of behavioral economics show that tiny disparities in such rules can make a big difference.
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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.
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Economics is not brain surgery.
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In order to understand the movement of prices, you need not an oscilloscope to measure the entire market and reduce it to noise, but a microscope to investigate the creative process behind every company and its price.
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...quantity is not necessarily synonymous with quality and brilliant ideas are not a function of the number of titles printed.
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We The Replacements never made any money on tour. None of us came out of the school of economics. We took it for granted that a rock and roll band gets ripped off. We've tried to shake that tree a couple of times, but what can we do? You look back, when you're sort of idle in your middle years, and think, we should have made some money.
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It is so important to remember that, as we travel through life, there will be so many events which we can`t control. These are things that seemingly alter our lives forever or become barriers for living a life of fulfillment. It`s important to remember that the ultimate experience of life is not to be controlled by events. We all have difficult events in our lives - the loss of family members, economics, stress, litigation, government interference in our businesses, health challenges. Remember that it is not the events that shape our lives, but, rather, the meaning we attach to them.
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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.
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Economics is a choice between alternatives all the time. Those are the trade-offs.
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Over the long haul of life on the planet, it is the ecologists, and not the bookkeepers of business, who are the ultimate accountants.
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If it's free put me down for two please
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I really don't see any influence of my work on any artists. But I do think I've had an influence on drawings' being shown. I've had an influence on the economics of it.
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Software engineering economics.
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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.
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If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.
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The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.
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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working.
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There can be no such thing as 'fairness in taxation.' Taxation is nothing but organized theft, and the concept of a 'fair tax' is therefore every bit as absurd as that of 'fair theft.'
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Economics is not a morality play.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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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'.
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Over the long term, absent of other barriers, economics always win.
