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Quote by Darryl Pinckney

“I can see Obama trying to be the president who suggests solutions for everyone who has experienced economic hardship.”

Quote by Darryl Pinckney

Author

Darryl Pinckney
Darryl Pinckney

Darryl Pinckney is a distinguished American novelist whose works delve into the complexities of race, class, and identity in modern society. Born in 1953, Pinckney has made a significant impact on the literary world with his thought-provoking narratives. more

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“Today if you look at most economic textbooks, economics is not defined by subject matter. It's presented as a science of social choice that applies not only to material goods - not only to flat-screen televisions - but to every decision we make, whether it's to get married, or to stay married, whether to have children and how to educate those children, or how to look after our health.”

“If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the traditional laissez-faire market idea. But today, when economics is increasingly defined as the science of incentive, it becomes clear that the use of incentives involves quite active intervention, either by an economist or a policy maker, in using financial inducements to motivate behavior. In fact, so much though that we now almost take for granted that incentives are central to the subject of economics.”