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Economics Quotes

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Economics Quotes

“I was always interested in the larger picture, I was pre-law in college, and had a degree in economics. I was very interested in the big question 'how then shall we live?,' how do we organize as a civilization when we are so different, and often don't get along, yet we know at some point we have to unite for the common good? I actually really care about those issues, and I'm driven to understand how it works.”

“As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.”

“The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the interest, or more properly speaking, for the ease of the masters. Its object is, in all cases, to maintain the authority of the master, and whether he neglects or performs his duty, to oblige the students in all cases to behave toward him as if he performed it with the greatest diligence and ability.”

“In a high tech world the cure for the tragic shortcomings and perilous fallacies of human intuition is education, but education in economics, evolutionary biology, probability and statistics - unfortunately most High School and College curricula have barely changed since Medieval times!”

“Legislators who are of even average intelligence stand out among their colleagues. . . . A cultured college president has become as much a rarity as a literate newspaper publisher. A financier interested in economics is as exceptional as a labor leader interested in the labor movement. For the most part our leaders are merely following out in front; they [only] marshal us in the way that we are going.”