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Quote by Edward C. Prescott

“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.”

Quote by Edward C. Prescott

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Edward C. Prescott
Edward C. Prescott

Edward C. Prescott is a renowned economist born on December 26, 1940. He has made significant contributions to the field of economics, particularly in macroeconomics and growth theory. more

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Book:The Aristotle Collection [50 Books]
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“The ensouled is distinguished from the unsouled by its being alive. Now since being alive is spoken of in many ways, even if only one of these is present, we say that the thing is alive, if, for instance, there is intellect or perception or spatial movement and rest or indeed movement connected with nourishment and growth and decay. It is for this reason that all the plants are also held to be alive . . .”

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Author:Aristotle
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