Economics Quotes
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Economics is not brain surgery.
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The Western societies which espouse free market capitalism survive by the pursuit of greed and, in their own way, like Communism, throw into leadership men and women (mostly men) who know how to gain, exert and manipulate power.
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If the rewards to authors go down, simple economics says there will be fewer authors. It's not that people won't burn with the passion to write. The number of people wanting to be novelists is probably not going to decline - but certainly the number of people who are going to be able to make a living as authors is going to dramatically decrease.
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Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of ordinary people to make whatever economic transactions they can mutually agree to.
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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.
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If it's free put me down for two please
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I founded Atari in my garage in Santa Clara while at Stanford. When I was in school, I took a lot of business classes. I was really fascinated by economics. You end up having to be a marketeer, finance maven and a little bit of a technologist in order to get a business going.
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I feel like there's lot of people who know finance and economics better than I do. There are lots of people who are better storytellers than I am. But the space that I occupy of storytelling about finance and economics is - more people want it than can do it.
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Most of the expressions we use in economics are relative terms. All of us are votaries of free trade.
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Before 'Life of Pi,' I wanted to do economics. And now, I realize how bad a mistake that would have been. I just can't see it as my cup of tea anymore.
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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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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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The narrative related to economics is, I think, very well understood even by the common man.
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I have yet to meet the famous Rational Economic Man theorists describe. Real people have always done inexplicable things from time to time, and they show no sign of stopping.
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Economics is a choice between alternatives all the time. Those are the trade-offs.
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The difficulty with all of these things comes around economics and how much of what you see as your baby you are willing to give up to be part of something.
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Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
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Keynesians are to economics what witch doctors are to medicine.
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That’s because they don’t know. It’s like economics. Everybody’s got a theory, and some people make it their religion.
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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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The human condition is always to push forward for the better and economics is the study of that process.
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January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though, because it lets us study why so many of those resolutions are broken.
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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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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
