Economics Quotes
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Keynesians are to economics what witch doctors are to medicine.
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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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Cryptoeconomics is so fascinating to study because it's a combination of technology, economics, and psychology.
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Making a show is also economics. Because the irony is, or the shame of it is, you cannot create a show instantaneously. It needs to be massaged. You need to see who is relating to who. How is it working with the audience? You need to give it a chance for the audience to find it, because there are so many outlets. And the audience doesn't know where to go.
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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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A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.
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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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Separatism is a very healthy movement within culture. It's a disastrous movement within politics and economics.
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We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.
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Even though I didn't get a business degree, I enjoyed learning about economics.
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Although being economics editor sounds impressive, it does not mean I actually edit anything. It mainly reflects two decades of title-inflation at the BBC, which has given ever more status to senior reporters, presumably because it is cheaper to do that than to offer higher pay.
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People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend too much on advertising - and demanding that the government pass laws based on their ignorance.
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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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In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.
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I started to read as obsessively about Star Wars as I once did about Kant - and still do about behavioral economics and behavioral psychology.
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All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.
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A land ethic for tomorrow should...stress the oneness of our resources and the live-and-help-live logic of the great chain of life.
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Economics is concerned with what emerges, not what anyone intended.
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Waiting for supply-side economics to work is like leaving the landing lights on for Amelia Earhart.
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Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively.
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Our goals are also the same, to have a just system of economics and politics, to let the people of the world share in growth, in peace, in personal freedom, and in the benefits to be derived from the proper utilization of natural resources. We believe in enhancing human rights. We believe that we should enhance, as independent nations, the freedom of our own people.
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Good economics is good politics.
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Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.
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Nothing is as fast as the speed of trust. Nothing is as fulfilling as a relationship of trust. Nothing is as inspiring as an offering of trust. Nothing is as profitable as the economics of trust. Nothing has more influence than a reputation of trust.
