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Economics Quotes

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Economics Quotes

“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.”

“I don't expect to get 100 percent of what I want, but what we can't do is go back to the kind of top-down economics that doesn't work.”

Want Kind Percent Economics Top Down

Author:Barack Obama

“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.”

“The potential gains from improved stabilization policies are on the order of hundredths of a percent of consumption, perhaps two orders of magnitude smaller than the potential benefits of available supply-side fiscal reforms.”

Two Order Sides Policy Benefits Percent Gains Economics Available Reform Consumption Magnitude

Author:Robert Lucas, Jr.

“The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.”

Ifs Country Products Percent Economics West Collapse Economist Gross

Book:The Beauty Myth: How Images of Beauty Are Used Against Women

Source: The Beauty Myth: How Images of Beauty Are Used Against Women

“My undergraduate work was in computer science and economics. It just happened to be at that time when 34 percent of computer-science majors were women. We didn't realize it was at the peak at the time.”

Realizing Happened Computer Majors Percent Economics Computer Science Undergraduate

Author:Melinda Gates

“The kind of plan that Donald [Tramp] has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we've ever had.”

People Kind Country Facts Would Be Cutting Plans Taxes Percent Economics Extremes Versions Tax Cuts Tramps Trickle Down Trickle Down Economics

Author:Hillary Clinton

“Any politician who starts shouting election-year demagoguery about the rich and the poor should be asked, "What about the other 90 percent of the people?"”

People Should Years Poor Liberty Rich Economic Politician Percent Economics Election Shouting Demagoguery Election Years

Author:Thomas Sowell

“In today's knowledge-based economy, what you earn depends on what you learn. Jobs in the information technology sector, for example, pay 85 percent more than the private sector average.”

Source: Public Papers of the Presidents of the United States: William J. Clinton, 2000-2001

“95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.”

Ifs Made Term Common Essentials Percent Economics Details Complicated Common Sense Reasoning

Author:Ha-Joon Chang

“The first commandment of economics is: Grow. Grow forever. Companies get bigger. National economies need to swell by a certain percent each year. People should want more, make more, earn more, spend more - ever more. The first commandment of the Earth is: enough. Just so much and no more. Just so much soil. Just so much water. Just so much sunshine. Everything born of the Earth grows to its appropriate size and then stops.”

People Want Needs Should Years Firsts Enough Earth Certain Grows Water Born Company Economy Forever Percent Economics Bigger Size Soil Appropriate Sunshine Commandments National Economy

Author:Donella Meadows

“The issue of universal coverage is not a matter of economics. Little more than 1 percent of GDP assigned to health could cover all. It is a matter of soul.”

Littles Soul Matter Care Issues Percent Economics Universal Health Care Coverage Gdp

Author:Uwe Reinhardt