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William Vickrey Quotes

Nobel prize winner

William Vickrey was a Nobel Prize-winning economist renowned for his contributions to auction theory. His research in economics had a profound impact on modern auction practices.

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All Budgets Government Situation Unemployment Balanced Employment Inflation Produce Rate Would Be Available Balanced Budget Cost Deficit Effects Genuine Increase Jobs Land Levels

Famous William Vickrey Quotes

“The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.”

Ends Economy Holy Depression Pursuit Insane Budgets Balanced Holy Grail Balanced Budget

Author:William Vickrey

“Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.”

Achieve Produce Balance Solve Budgets Attempting Mischief

Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

“Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.”

Doe Levels Produce Budgets Stable Balanced Inflation Deficit Balanced Budget

Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

“The nominal budget is a poor indicator of the impact of government outlays and revenues.”

Government Poor Impact Budgets Revenue Indicators

Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

“There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.”

Should Real Government Budgets Balanced Justification Requirements Rallying Hamstrings Rallying Point

Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey

About the Author

Born: June 21, 1914
Died: October 11, 1996
Known for: Nobel prize winner
Quotes: 20

Books & Sources

Full Employment and Price Stability: The Macroeconomic Vision of William S. VickreyRelated source material

Public Economics: Selected Papers by William VickreyRelated source material

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