Quotes 1 till 20 of 30.
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Economics is extremely useful as a form of employment for economists.
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First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
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History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.
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A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was not their family connections nor ties to Ivy League schools or elite banks, but rather the strength of their research, analysis and writing.
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As mathematics had been my best subject at school, my parents proposed - and I accepted - studies at the University of Lund in mathematics, statistics, and economics. The choice of the latter subject is said to be due to the fact that at the age of five years, I was very fond of calculating the cost of the various cakes my mother used to bake.
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Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.
Source: In Defence Of Politics A Footnote To Rally The Academic, p. 164 -
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
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Give me a one-handed economist! All my economics say, ''On the one hand… on the other.''
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If you want to invest in early-stage technologies, putting a timeframe on it does behold you to Silicon Valley economics. You've got a certain time period where you have to make the money. And you have to invest that money whether you find good companies or not.
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In 1922, I got a small stipend from the Swedish-American Foundation and went to Cambridge, England, for a few months and thereafter to Harvard University. In the summer, Cambridge was rather empty, but I am grateful for many pleasant talks about economics with Austin Robinson who, in the summer of 1922, seemed to be about as lonely as I was.
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In economics the majority is always wrong.
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In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
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In economics, we borrowed from the Bourbons; in foreign policy, we drew on themes fashioned by the nomad warriors of the Eurasian steppes. In spiritual matters, we emulated the braying intolerance of our archenemies, the Shite fundamentalists.
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In psychology and behavioral economics, people have shown that if you just describe options in a certain way, or make some features of a situation salient, you can get people to do and even see what you want. You don't have to be a Jedi to manipulate people's attention.
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Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.
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No less than war or statecraft, the history of economics has its heroic ages.
Source: Collected essays (1959) -
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.
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Religion and art spring from the same root and are close kin. Economics and art are strangers.
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The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
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The economics of being a playwright are abysmal. I like to think of the work I do out in Hollywood as a way to actually make a life in the theater easier.
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