Economics Quotes
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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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Teachers have power. We may cripple them by petty economics; by Government regulations, by the foolish criticism of an uninformed press; but their power exists for good or evil.
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You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
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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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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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Over the long term, absent of other barriers, economics always win.
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Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.
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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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I think that the economics of book publishing favor hits with long book runs. You make all your money on the last bunch of books, not the first.
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I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.
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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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Economics has never been a science - and it is even less now than a few years ago.
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You can buy a person's hands but you can't buy his heart. His heart is where his enthusiasm, his loyalty is.
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I really am enjoying my economics class, but I think my favorite course has to be history.
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The most powerful forces in economics are not numbers or facts. They are prejudices and preferences. No amount of evidence will ever change the degree to which many of the rich and powerful prefer themselves to be richer and more powerful and others poorer and weaker.
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The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics.
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For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.
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The English practice of accommodating the rules of commercial law to commercial practice. The line of causation ran from economic need to legal response
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Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry-and owning it.
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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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It is clear that economics, if it is to be a science at all, must be a mathematical science.
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Waiting for supply-side economics to work is like leaving the landing lights on for Amelia Earhart.
