Best economic & economist Quotes | Short & Famous Sayings

“The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.”

Challenges Economic Citizens Offers Behavior Competition Complexes Patterns Cooperation Delicate Economist Physicist Intricate Chemist Stockholm

Author:George Stigler

“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

“Economists use the word consume to mean "utilize economic goods," but the Shorter Oxford Dictionary's definition is more appropriate to ecologists: "To make away with or destroy; to waste or to squander; to use up." The economies that cater to the global consumer society are responsible for the lion's share of the damage that humans have inflicted on common global resources.”

Humans Mean Use Common Economy Share Economic Waste Resources Responsible Definitions Consumers Damage Appropriate Goods Lions Consumerism Economist Dictionary Overconsumption Oxford

Author:Alan Thein Durning

“The only function of economic forecasting is to make astrology look respectable.”

Looks Economic Function Favourite Economist Astrology Respectable Forecasting

Author:John Kenneth Galbraith

“Economics is extremely useful as a form of employment for economists.”

Government Form Economic Economics Employment Economist Economy And Economics Supply Side Economics Home Economics Studying Economics

Author:John Kenneth Galbraith

“In economics, the majority is always wrong.”

Inspirational Economic Economics Majority Investing Economist Always Wrong Independent Thinking Economy And Economics Studying Economics

Book:Ambassador's Journal

Source: Ambassador's Journal

“Anyone who thinks that you can have infinite growth on a planet with finite resources is either a madman or an economist.”

Thinking Growth Economic Planets Resources Economics Infinite Mad Environmental Economist Finite Madmen Environmentalist

Author:David Attenborough

“Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.”

“The corporatist-economic model of society appears to be governing us. Economists, often in the pay of transnationals, are deciding, for us, what democracy is, and will be.”

Pay Democracy Economic Models Economist Governing Economic Models

Author:B. W. Powe

“Economists believe there are three reasons why the Russian economy is doing so poorly. One, economic sanctions are working. Number two, low-price oil. And number three, Lindsay Lohan has quit drinking vodka.”

Believe Two Reason Three Numbers Economy Economic Lows Drinking Oil Quitting Reason Why Economist Sanctions Vodka Number Three Quit Drinking Economic Sanctions Russian Economy

Author:David Letterman

“I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.”

“'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.”

Knows Law Influence Economic Policy Economics Disagree Economist Economic Policy Murphys Law

Author:Alan Blinder

“Economists say the inability to delay gratification is a primary predictor of economic failure in life.”

Economic Primaries Delay Economist Inability Gratification Failure In Life

Author:Brian Tracy

“Even if the constants which economists wish to determine were less numerous, and the method of experiment more accessible, we should still be faced with the fact that the constants themselves are different at different times. The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. The constitution of the atom, as it were, and not merely its position, changes under the influence of environment.”

“Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor.”

“In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another; and prefer collective animosities to individual happiness.”

Source: The collected writings of John Maynard Keynes

“Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat in full view of the audience.”

Should Views Audience Economic Productions Hats Economist Rabbits Theorists

Author:Joan Robinson

“Ever since economists revealed how much universities contribute to economic growth, politicians have paid close attention to higher education.”

Growth Attention Economic Higher Politician Paid University Economist Economic Growth Higher Education

Author:Derek Bok

“Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.”

Economic College Return Significant Disagree Elites Economist Versus Attending Selective

Author:Emily Oster

“In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.”

“Financial security is a constant in my life. I allow my income to constantly expand, no matter what the newspapers and economists say. I move beyond my present income, and I go beyond the economic forecasts. I do not listen to people out there telling me how far I can go or what I can do.”

People I Can Matter Moving Can Do Economic Security No Matter What Constant Financial Newspapers Income Abundance Economist Wise Women Successful Women Forecasts Financial Security

Author:Louise Hay

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”

Knows Men Littles Liberty Imagine Economic Design Economics Tasks Libertarian Curious Economist Central Planning Mixed Economy

Author:Friedrich August von Hayek

“Economists who have studied the relationship between education and economic growth confirm what common sense suggests: The number of college degrees is not nearly as important as how well students develop cognitive skills, such as critical thinking and problem-solving ability.”

“I have been....moved to wonder whether my job is a job or a racket, whether economists, and particularly economic theorists, may not be in the position that Cicero, citing Cato, ascribed to the augurs of Rome-that they should cover their faces or burst into laugher when they met on the street.”

Should May Has Beens Jobs Faces Wonder Economic Streets Position Mets Moved Rome Economist Theorists Racket Citing Cato

Author:Frank Knight

“Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '”

Ifs World Years Looks Said Real Wanted Study Economic Events Economics Horse Meetings Abstract Real World Economist Divorced Economic Systems Devon

Author:Ronald Coase

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.”

Hours Economy Groups Economic Crisis Financial Decades Waking Economist Spectacular Intriguing Great Depression Analyzing Financial Crisis Economic Crisis Subplots

Author:Robert J. Samuelson

“A different set of incentives from rising in an economic establishment where the rewards system, again, the reinforcement, comes from being a truffle hound. That's what Jacob Viner, the great economist called it: the truffle hound - an animal so bred and trained for one narrow purpose that he wasn't much good at anything else, and that is the reward system in a lot of academic departments.”

Different Purpose Animal Economic Rewards Rising Department Establishment Academic Economist Incentives Jacob Hounds Reinforcement Truffles

Author:Charlie Munger

“Is there enough to go around? What is enough? Who can tell us? Certainly not the economist who pursues economic growth as the highest of all values, and therefore has no concept of enough.”

Enough Values Growth Economic Highest Concepts Pursue Economist Economic Growth

Book:SMALL IS BEAUTIFUL

Source: SMALL IS BEAUTIFUL

“The study of economic organization commonly proceeds as though market and administrative modes of organization were disjunct. Market organization is the province of economists. Internal organization is the concern of organization theory specialist. And never the twain shall meet.”

Study Economic Theory Concern Organization Economist Provinces Specialists Administrative

Author:Oliver E. Williamson

“The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.”

Seems Generations Economic Theory Lists Urges Economist My Generation 1930s Seminars Hayek Economic Theory

Author:John Kenneth Galbraith

“The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying.”

Years Economic Theory Intellectual Extremes Collapse Economist Prescriptions Edifice Economic Theory Imf

Author:Noam Chomsky

“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”

Source: How to Change the World: Social Entrepreneurs and the Power of New Ideas

“One independent expert - actually, the economist who advised John McCain in 2008, so, you know, not somebody that has any predisposition toward our side - but this economist did a study. He said under [Donald] Trump's economic plans, we would lose in America 3 and a half million jobs.”

Knows Said Jobs America Sides Loses Half Millions Study Plans Economic Trump Independent Experts Economist Mccain

Author:Hillary Clinton

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