“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.”
Quote by William Vickrey
Work
Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
William S. Vickrey's work on Full Employment and Price Stability examines the interplay between economic growth, employment levels, and inflation. The book presents a comprehensive analysis of macroeconomic principles and their application to achieving both full employment and price stability. It offers insights into the economic theories that influenced Vickrey's approach to policy making and economic development. more
Author
William Vickrey
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. more
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Source: Public Economics: Selected Papers by William Vickrey
“Give me a little peace. A little? Why so modest? How about eternal peace? Now, there's a thought.”
“I didn't have a whole lot of success getting dates, I was always a bit of a geek.”
Source: Essays on Hayek
“Information is acquired by being told, whereas knowledge can be acquired by thinking.”