“When all of your decisions are based on economics, you end up with a sameness of vision. You're not taking the risks, you're not exploiting the passions of your creators. You're manufacturing product for a huge vending machine.” EndsPassionDecisionVisionRiskProductsHugeEconomicsMachinesCreatorManufacturingSamenessVending Machines Author:Steven Bochco
“Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring.” IfsThinkingWellsJobsPassionHoursPayActivityPicksEconomicsTradeAssumingBoringPlanningLeisureTime OffTrade OffsPassion For Work Author:Emily Oster
“It was the mystical dogma of Bentham and Adam Smith and the rest, that some of the worst of human passions would turn out to be all for the best. It was the mysterious doctrine that selfishness would do the work of unselfishness.” HumansTurnsPassionWorstEconomicsDoctrineMysteriousSelfishnessAdamDogmaMysticalUnselfishness Author:Gilbert K. Chesterton
“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.” WayPastOrderPassionGoalRiskShareEconomicCenturyCreationReaderProudSkillsMembersEconomicsTraditionFunctionInstitutionsFinancialPhilosopherBrilliantAppealsAnalysisOur SocietyCompellingWorldlyImaginativeFinancial InstitutionsUnknown Future Author:Peter L. Bernstein
“I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.” PeopleThinkingPersonsTwoIdeasKidsPassionHouseProgressEconomicEconomicsBraveCoffeeShopsMortgageCoffee ShopEconomic Progress Author:Tom Peters
“I have an intellectual inclination for democratic institutions, but I am instinctively an aristocrat, which means that I despise and fear the masses. I passionately love liberty, legality, the respect for rights, but not democracy....liberty is my foremost passion. That is the truth.” MeanPassionLibertyDemocracyRightsEconomicMassIntellectualEconomicsInstitutionsDemocraticDespiseInclinationLegality Author:Alexis de Tocqueville
“He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.” MenActionPassionGoalPayEmotionLibertyEconomicEmotionalEconomicsImpulseDesirableInputOutputDeliberationValuation Book:Human Action Source: Human Action
“Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential conditions for the preservation of such a society that we do not countenance envy, not sanction its demands by camouflaging it as social justice, but treat it, in the words of John Stuart Mill, as 'the most anti-social and evil of all passions.'” HumansPassionEvilSocialJusticeLibertyEconomicConditionsSourceDemandEssentialsEconomicsTreatsSocial JusticeEnvyPreservationDiscontentSanctionsFree SocietyMillsCountenanceAnti Social Author:Friedrich August von Hayek
“The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.” PassionSocialDisciplineResearchEconomicsMathematicsHistoricalOver ItExpensesCollaborationGet OverSpeculationTheoreticalIdeologicalSocial ScienceHistorical Research Author:Thomas Piketty
“A passion for continual learning, a refined, discerning ear for the moral and ethical consequences of their actions, and an understanding of the purposes of work and human organisations” HumansActionPurposePassionUnderstandingBusinessMoralConsequenceEconomicsEarsManagementEthicalOrganisationRefinedDiscerning Author:Warren G. Bennis
“If the rewards to authors go down, simple economics says there will be fewer authors. It's not that people won't burn with the passion to write. The number of people wanting to be novelists is probably not going to decline - but certainly the number of people who are going to be able to make a living as authors is going to dramatically decrease.” PeopleIfsWritingAblePassionSimpleNumbersEconomicsRewardsNovelistsFewerDeclineDecrease Author:Scott Turow