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Economic Quotes

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Economic Quotes

“What makes a terrorist? Are the drivers primarily political or economic? Princeton economist Alan Krueger has made a great study of this question...What Makes a Terrorist lacks a question mark. That's because Krueger, marshaling persuasive statistics and analysis, comes down firmly on the side of politics, noting most terrorists are middle-class and well-educated.”

Wells Made Political Sides Class Study Economic Middle Mark Terrorist Educated Analysis Middle Class Statistics Drivers Economist Persuasive Well Educated Princeton Question Mark

Author:Thomas P.M. Barnett

“In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work.”

Mind War Interest Written Economic Policy Intention Analysis Entitled Introduction Textbooks Oxford

Author:James Meade

“A masterly analysis of how political interests, economic circumstances, development strategies, and local history have shaped what are surprisingly different versions of the welfare state across the developing world. The authors combine fine-grained country analyses with intelligent use of data, and explain and extend the theory and literature on the modern welfare state. The book is both scholarly and readable.”

“Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.”

May Economic Theory Development Method Observation Defined Analysis Related Appropriate Inference Econometrics

Author:Paul Samuelson

“Economic analysis is the first principle of Marxism. Professors who were genuine leftists would have challenged the entire economics-driven machinery of American academe the wasteful multidepartmental structure, the divisive pedantry of overspecialization, the cronyism and sycophancy in recruitment and promotion, the boondoggling ostentation of pointless conferences, the exploitation of graduate students and part-time teachers, the subservience of faculty to overpaid administrators, the mediocrity and folly of the ruling cliques of the Modern Language Association.”

Source: Vamps & Tramps: New Essays

“Excessively precise economic analysis can lead to assessing everything in terms of its easily measurable melt value - the value that thieves get from stealing copper wiring from isolated houses, that vandals got from tearing down Greek temples for the lead joints holding the marble blocks together, that shortsighted timber companies get from liquidating their forests. The standard to insist on is live value. What is something worth when it's working?”

Together Values House Term Company Economic Standards Stealing Forests Block Analysis Greek Temples Isolated Thieves Precise Joints Marble Copper Timber Wiring Assessing Vandals

Author:Stewart Brand

“Lost in the barrage of images and self-serving analysis are the economic and social causes of the conflict.”

Self Lost Social Causes Economic Conflict Analysis Serving Self Serving

Author:Michel Chossudovsky

“I spend about fifteen minutes a year on economic analysis.”

Years Economic Minutes Analysis Fifteen

Author:Peter Lynch

“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

“Freud pointed out, in his Problem of Lay Analysis, that it is extremely unlikely that a young man who would throw the best years of his life into the cloistered drudgery of getting an M.D. degree, could possibly make a good psychoanalyst; so he preferred to look for young analysts among the writers, the lawyers, the mothers of families, those who had chosen human contact. But in their economic wisdom, the Psychoanalytic Institute of Vienna (and New York) overruled him.”

Men Years Humans Looks Problem Young Mother Economic New York Degrees Lays Lawyer Chosen Contact Analysis Young Man Unlikely Institute Analysts Drudgery Best Year Vienna Psychoanalytic

Author:Paul Goodman

“Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.”

Doe Important Lasts Values Order Mistake Economic Bases Analysis Comparison Goods Arrangements Measurement Calculations Monetary Measuring

Book:Epistemological Problems of Economics

Source: Epistemological Problems of Economics

“My analysis, especially of the computer revolution, always comes back to capitalism. It's that economic system that has led to Western civilization's willingness to enslave ourselves to machines - because some people benefit enormously from it, while the costs are borne by other people and the planet.”

People Economic Planets Revolution Civilization Cost Benefits Computer Capitalism Machines Western Analysis Willingness Western Civilization Economic Systems

Author:Kirkpatrick Sale