“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.” MayImportantDealsEventsPositionDisciplineAspectEconomicsComplexesDataPhenomenonPhysical Science Author:Friedrich August von Hayek
“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.” ThinkingMayRealityEventsEconomicsCrisisComplexesFinancialConceitWishful ThinkingFinancial CrisisEconomic Crisis Author:Andrew Lo
“It is so important to remember that, as we travel through life, there will be so many events which we can`t control. These are things that seemingly alter our lives forever or become barriers for living a life of fulfillment. It`s important to remember that the ultimate experience of life is not to be controlled by events. We all have difficult events in our lives - the loss of family members, economics, stress, litigation, government interference in our businesses, health challenges. Remember that it is not the events that shape our lives, but, rather, the meaning we attach to them.” ImportantGovernmentRememberLife IsDifficultChallengesLossForeverOur LivesEventsShapesMembersEconomicsUltimateStressFulfillmentBarriersControlledInterferenceFamily MembersHealth Challenges Author:Tony Robbins
“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?' '” IfsWorldYearsLooksSaidRealWantedStudyEconomicEventsEconomicsHorseMeetingsAbstractReal WorldEconomistDivorcedEconomic SystemsDevon Author:Ronald Coase
“If our goal in legislating against carbon releases is not simply punishing the West and its power companies but truly trying to reduce the accumulation of greenhouse gasses in the atmosphere, the main event will be in the developing world. We must use the smartest possible economics, and that means investing in China and India.” IfsWorldTryingMeanUseGoalCompanyEventsEconomicsIndiaWestInvestingChinaReleaseDevelopingAtmosphereCarbonAccumulationGreenhousesChina And India Author:Gregg Easterbrook
“Children are prepared for democracy by being led to discuss current events without first learning the systematic subjects (politics, economics, history) which are necessary in order to discuss them. The Mole effect is to substitute slogans and superficial opinion for considered individual thought. And the opinion is that of the lowest common denominator of the group.” FirstsChildrenOrderIndividualCommonOpinionDemocracyGroupsSubjectsEffectsEventsEconomicsPreparedCurrentsEducationalSubstitutesSuperficialLowestSlogansSystematicCommon DenominatorMolesCurrent EventsLowest Common Denominator Author:Murray Rothbard
“The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.” PeopleWellsGovernmentResultsLibertyOpinionEconomicEventsPeriodsMassCapitalismEconomicsIllContraryOperationsOutcomesUnemploymentFree MarketInterferenceRecurrence Book:Middle of the Road Policy Leads to Socialism Source: Middle of the Road Policy Leads to Socialism
“In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.” PeopleStillsEndsInterestLibertyEconomicEventsGainsEconomicsIncomeChainsFixedExpensesLoserPensionReceiverChain Of EventsFixed Income Author:Murray Rothbard
“Some people say 'what would happen if we had a Communist Chancellor of the Exchequer?' I would ask in reply, 'what would happen if he had a lot of Fascist or Mosleyite bank chairmen?' In that event it might be thought disadvantageous to have publicity.” PeopleIfsMightHappensAsksEventsEconomicsCommunistPublicityChairmanFascists Author:Hugh Dalton
“Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.” WorldEyeOrderReadingEconomicEventsEconomicsFinancialCurrentsVariousAround The WorldDiscoveringEconomistGeopoliticsFacetsCurrent Events Author:Kurt Bills
“Early ecologists soon realised that, since humans are organisms, ecology should include the study of the relationship between humans and the rest of the biosphere. ... We don't often tend to think about the social sciences (history, economics and politics) as subcategories of ecology. But since people are organisms, it is apparent that we must first understand the principles of ecology if we are to make sense of the events in the human world.” PeopleIfsThinkingWorldShouldFirstsHumansSocialPrinciplesStudyEventsEconomicsEnvironmentalMake SenseOrganismsEcologyRealisedSocial ScienceBiosphere Author:Richard Heinberg