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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.”

May Important Deals Events Position Discipline Aspect Economics Complexes Data Phenomenon Physical Science

Author:Friedrich August von Hayek

“Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market economics merely relies on an abstract model of how people "must" behave.”

“I saw that publishing all over the world was deeply constrained by self-censorship, economics and political censorship, while the military-industrial complex was growing at a tremendous rate, and the amount of information that it was collecting about all of us vastly exceeded the public imagination.”

World Self Political Imagination Saws Growing Military Information Amount Economics Complexes Rate Censorship Publishing Collecting Military Industrial Complex Self Censorship

Author:Julian Assange

“Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.”

Thinking May Reality Events Economics Crisis Complexes Financial Conceit Wishful Thinking Financial Crisis Economic Crisis

Author:Andrew Lo

“most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.”

Humans Body Economy Understood Economics Doctors Complexes Accurate Predictions Economist Human Body Reluctant Complex Systems

Author:Alice Rivlin

“The Philosophy of Tea is not mere aestheticism ... for it expresses conjointly with ethics and religion our whole point of view about man and nature. It is hygiene, for it enforces cleanliness; it is economics, for it shows comfort in simplicity rather than in the complex and costly; it is moral geometry, inasmuch as it defines our sense of proportion to the universe.”

Men Philosophy Whole Shows Universe Views Moral Comfort Ethics Economics Mere Complexes Simplicity Point Of View Tea Proportion Geometry Cleanliness Hygiene Man And Nature

Book:The Illustrated Book of Tea

Source: The Illustrated Book of Tea

“Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.”

Simple Company Products Return Cost Drug Economics Dollars Complexes Billions Traditional Sufficient Expensive Fund Venture Pharmaceutical Tailored

Author:David Mixner

“We see ourselves as inhabiting a complex social world that has some capitalist things going on in it as well as some socialist ones, some communist ones, and many where economics are not separated out of the broader fabric of life (such as sharing and gift giving, and mutual support).”

World Giving Wells Social Support Economics Complexes Mutual Communist Capitalist Fabric Socialist Gift Giving Fabric Of Life Mutual Support

Author:Cynthia Kauffman

“The first proponent of cortical memory networks on a major scale was neither a neuroscientist nor a computer scientist but .. a Viennes economist: Friedrich von Hayek (1899-1992). A man of exceptionally broad knowledge and profound insight into the operation of complex systems, Hayek applied such insight with remarkable success to economics (Nobel Prize, 1974), sociology, political science, jurisprudence, evolutionary theory, psychology, and brain science (Hayek, 1952).”

“Design is a way of life, a point of view. It involves the whole complex of visual communications: talent, creative ability, manual skill, and technical knowledge. Aesthetics and economics, technology and psychology are intrinsically related to the process.”

“People have a hard time accepting free-market economics for the same reason they have a hard time accepting evolution: it is counterintuitive. Life looks intelligently designed, so our natural inclination is to infer that there must be an intelligent designer--a God. Similarly, the economy looks designed, so our natural inclination is to infer that we need a designer--a government. In fact, emergence and complexity theory explains how the principles of self-organization and emergence cause complex systems to arise from simple systems without a top-down designer.”

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”

War School Difficult Simple Business Behavior Economics Management Complexes Rewards Investing Simplicity Buffets Business School Good Behavior Investment Success Risk And Reward

Author:Warren Buffett

“The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and discuss as best he can the relations of a whole group of changes; he cannot, like the physicist, narrow down the issue to the effect of one variation at a time. The problems of statistics are in this sense far more complex than the problems of physics.”

“Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.”

Way Littles Facts Form Easy Results Known Economic Example Theory Economics Complexes Bones Physics Mathematical Interpretation Economic Theory

Book:The Collected Writings of John Maynard Keynes: Essays in biography

Source: The Collected Writings of John Maynard Keynes: Essays in biography

“What really happens is that the gene pool becomes filled with genes that influence bodies in such a way that they behave 'as if' they made complex, if unconscious, cost/benefit calculations”

Ifs Way Made Body Happens Influence Cost Benefits Economics Filled Complexes Behave Unconscious Pool Genes Calculations

Author:Richard Dawkins

“This is a timely and relevant initiative. The environmental challenges facing Singapore and the region are becoming more complex. Tackling them will require inter-disciplinary approaches combined with a good understanding of science, economics and governance aspects. The NUS Bachelor of Environment programme will fill a much needed gap in the current framework. NEA is pleased to be a partner to this programme.”

“The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It determines the whole process of human history.”

Humans Whole Process Opinion Roles Economics Historical Complexes Determine Public Opinion Human History Supremacy

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics