Best Economist Quotes | Short & Famous Sayings Page 2

“Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses.”

Thinking Mean Matter Values Dollars Income Expenses More Money Economist

Author:Emily Oster

“The biggest tab the public picks up for fossil fuels has to do with what economists call 'external costs,' like the health effects of air and water pollution.”

Water Air Effects Cost Picks Fuel Pollution Economist Fossils Fossil Fuel Air And Water Burning Fossil Fuels Water Pollution

Author:Jeff Goodell

“Climate policy has almost nothing to do anymore with environmental protection, says the German economist and IPCC official Ottmar Edenhofer. The next world climate summit in Cancun is actually an economy summit during which the distribution of the worlds resources will be negotiated.”

World Next Economy Policy Resources Climate Environmental Protection Officials Economist Distribution Summit Environmental Protection Cancun

Author:Ottmar Edenhofer

“Whether you think Jesus was God or not, you must admit he was a first-rate political economist.”

Thinking Firsts God Political Religion Spirituality Politics Jesus Power Economics Rate Agnostic Economist

Book:Androcles and the lion: an old fable renovated : definitive text

Source: Androcles and the lion: an old fable renovated : definitive text

“In the assumption that power belongs as a matter of course to capital, all economists are Marxians.”

Matter Courses Assumption Economist

Book:the new industrial state

Source: the new industrial state

“Economists are generally negligent of their heroes.”

Hero Economist

Author:John Kenneth Galbraith

“In short, competition has to shoulder the responsibility of explaining all the meaningless ideas of the economists, whereas it should rather be the economists who explain competition.”

Should Ideas Responsibility Competition Shoulders Meaningless Economist Explaining

Book:Karl Marx, Frederick Engels: Collected Works

Source: Karl Marx, Frederick Engels: Collected Works

“As economists have often pointed out, we pay doctors for quantity, not quality. As they point out less often, we also pay them as individuals, rather than as members of a team working together for their patients. Both practices have made for serious problems.”

Made Problem Together Individual Pay Quality Practice Team Serious Members Doctors Patient Working Together Quantity Economist Team Working

Author:Atul Gawande

“We Americans commercialize everything. Look at what we did to Christmas. Christmas is Jesus' birthday. Now, I don't know Jesus, but from what I read he was the least materialistic person who ever walked the earth. No bling on Jesus. He kept a low profile and we turned his birthday into the most commercial day of the year. In fact we have a whole Jesus birthday season. And then at the end of it, we have the nerve to have an economist come on TV and say what a horrible Jesus birthday season we had.”

Knows Years Looks Persons Ends Whole Facts Earth Jesus Tvs Lows Seasons Horrible Nerves Economist Profile Materialistic Days Of The Year Bling Materialistic Person

Author:Chris Rock

“In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many of them from”

World Purpose Numbers Arrangements Economist Discouraging Large Numbers

Author:John Kenneth Galbraith

“An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport's coal cellar) once said: "There is no reason why theoretical economics should be a monopoly of the reactionaries." All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.”

Should Heart Said Two Reason Attention Generations Economics Dare Reason Why No Reason Warning Coal Economist Monopoly Theoretical Reactionaries Cellars

Book:The Collected Scientific Papers of Paul Samuelson, Volume 3

Source: The Collected Scientific Papers of Paul Samuelson, Volume 3

“It is from the scope and wisdom of the economists of the past that we must reap the knowledge with which to face the future.”

Past Faces Economist Scope Reap

Book:The Great Economists: Their Lives and Their Conceptions of the World

Source: The Great Economists: Their Lives and Their Conceptions of the World

“Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.”

Ifs Writing Achieve Wind Glory Accidents Immortality Adam Economist Fling Pluck

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

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

“Only economists mistake physical opulence for riches.”

Mistake Riches Economist Opulence

Book:Round River

Source: Round River

“I'm not going to put my lot in with economists, because I know if we get it right, if we actually did it right, if we had a president who used all the tools of the presidency, we would design it in such a way that it would be implemented effectively.”

Economist

Author:Hillary Clinton

“Economists and financial analysts are not like steelworkers or people in other occupations. They don't get evaluated based on their performance. They can mess up every day of the week through their whole careers, and this would be just fine, as long as they messed up in the same way as their peers.”

People Long Week Financial Mess Economist

Author:Dean Baker

“Combining valuable insights from his experience in China, his time as the World Bank's chief economist, and the 2008 financial crisis, Justin Yifu Lin's recommendations for development policy reflect an impressive and unique personal journey.”

World Journey Policy Development Unique Crisis Financial China Valuable Insight Chiefs Economist Impressive Combining Financial Crisis Justin Recommendations World Bank Personal Journey

Author:Kemal Dervis

“Economists are almost unanimous in conceding that the land tax has no adverse side effects. ...Landowners ought to look at both sides of the coin. Applying a tax to land values also means removing other taxes. This would so improve the efficiency of a city that land values would go up more than the increase in taxes on land.”

Looks Mean Values Sides Cities Land Effects Ought Taxes Increase Efficiency Both Sides Economist Coins Adverse Side Effects

Author:William Vickrey

“So give me the political economist, the sanitary reformer, the engineer; and take your saints and virgins, relics and miracles. The spinning-jenny and the railroad, Cunard's liners and the electric telegraph, are to me, if not to you, signs that we are, on some points at least, in harmony with the universe; that there is a mighty spirit working among us, who cannot be your anarchic and destroying Devil, and therefore may be the Ordering and Creating God.”

Source: The Works of Charles Kingsley: Yeast

“It is obvious that the fascist mass pestilence, with its background of thousands of years, cannot be mastered with social measures corresponding to the past three hundred years. The discovery of the natural biological work democracy in international human intercourse is the answer to fascism. This will be no less true even if not one of the living sex-economists, orgone biophysicists or work democrats should live to see its general functioning and its victory over the irrationalism in social life.”

“Everything which the economist takes from you in the way of life and humanity, he restores to you in the form of money and wealth.”

Way Form Humanity Wealth Economist

Book:Sincerity and Authenticity

Source: Sincerity and Authenticity

“where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.”

Made Different Values Path Expression Morality Understood Response Socialism Economist Equations Pursued Different Paths Hayek

Author:Ludwig von Mises

“In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that their science can only be satisfactorily treated on an explicitly mathematical basis.”

Writing Wish Bases Treated Mathematical Convince Mathematician Economist

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.”

Theory Difficulty Application Economist

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“As there are so many who talk prose without knowing it, or, again, who syllogize without having the least idea what a syllogism is, so economists have long been mathematicians without being aware of the fact.”

Long Ideas Facts Knowing Prose Mathematician Economist

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“The conclusion to which I am ever more clearly coming is that the only hope of attaining a true system of economics is to fling aside,once and forever, the mazy and preposterous assumptions of the Ricardian school. Our English economists have been living in a fool's paradise. The truth is with the French school, and the sooner we recognize the fact, the better it will be for all the world, except perhaps the few writers who are far too committed to the old erroneous doctrines to allow for renunciation.”

World Has Beens Facts School Forever Fool Truth Is Economics Committed Doctrine Conclusion Assumption Paradise Economist Renunciation Fling

Book:Political Economy

Source: Political Economy

“My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of economics.”

Problem Seems Lying Attention Minutes Conditions Subjects Strange Keys Economics Principal Economist Utility Tracing

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“Politicians of all stripes are always in danger at looking at every problem from an abstract point of view or being briefed by officials, academics, or economists who know every science but the science of human nature.”

Knows Humans Problem Views Human Nature Danger Politician Point Of View Abstract Officials Economist Stripes

Book:My Years as Prime Minister

Source: My Years as Prime Minister

“THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible for the ensuing crash and depression.”

Elements Abuse Responsible Credit Chiefs Agreement Crash Economist

Author:Benjamin Graham

“Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.”

Use White Effects Position Pure Equal Argument Gold Silver Progressive Metals Economist Fetish

Author:Benjamin Graham

“It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.”

Needs Including Misfortunes Economist

Author:Benjamin Graham

“Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.”

Faces Individual Memories Perfect Vision Economy Mass Capitalism Rational Unemployment Economist Faded Great Depression

Author:Paul Krugman

“Congress has always had a soft spot for "experts" who tell members what they want to hear, whether it's supply-side economists declaring that tax cuts increase revenue or climate-change skeptics insisting that global warming is a myth.”

Want Sides Cutting Taxes Members Increase Climate Climate Change Congress Myth Spots Experts Global Warming Economist Revenue Skeptic Tax Cuts Declaring Insisting

Author:Paul Krugman

“Economists don't usually make good speculators, because they think too much.”

Thinking Too Much Economist Speculators

Book:The Great Unraveling: Losing Our Way in the New Century

Source: The Great Unraveling: Losing Our Way in the New Century

“Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD.”

Giving Sometimes Advice Position Officials Economist Bad Advice

Author:Paul Krugman

“At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider when we make our decisions.”

Choices Individual Decision Principles Rational Economist Guidelines

Book:A Theory of Justice

Source: A Theory of Justice

“Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.”

“I am not a conservative but I have spoken out for years against the staggering amount blind hatred directed at black conservatives by liberals. Liberals are shockingly quick to demean and dismiss brilliant black people like Rice, Carson, Supreme Court Justice Clarence Thomas, U.S. Senator Tim Scott (R-SC), Professor Walter E. Williams and economist Thomas Sowell because they don't fit into the role they have carved out for a black person in America. Black Americans must be obedient liberals on all things or risk being called a race traitor or an Uncle Tom.”

“Despite the array of groups and organizations working on global warming, we are still missing a key element: the movement. Along with the hard work of not-for-profit lobbyists, environmental lawyers, green economists, sustainability-minded engineers, and forward-thinking entrepreneurs, it's going to take the inspired political involvement of millions of Americans to get our country on track to solving this problem.”

“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.”

Source: Essay on Marxian Economics

“The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to comply with and to work within the tenets of orthodox theory.”

Stills Theory Depends Obstacles Orthodox Willingness Academic Economist Advancement Formidable Tenure

Author:Paul Ormerod

“The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.”

Use Air Authority Mathematics Temptation Appropriate Economist Irresistible Precision Musings

Author:Paul Ormerod

“Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might destroy it.”

Mind Might Jobs Protect Economics Economist Never Trust

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.”

Has Beens Results Prove Profit Exploitation Economist Preoccupation

Author:Jim Stanford

“In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.”

World Way Believe Running Movement Historical Abstract Plus Quantity Economist Equations Variables Minus

Book:The Political Economy of International Relations

Source: The Political Economy of International Relations

“Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.”

Long Important Black Goes On Rate Boxes Connected Economist Black Boxes

Author:Robert Gilpin

“Ludwig von Mises referred to Ayn Rand as 'the most courageous man in America.' If that doesn't say it all about the economist's man-centric frame of reference, I don't know what does.”

Ifs Knows Men Doe America Courageous Economist Frame Of Reference Courageous Man Von Mises

Author:Ilana Mercer

“The proposition that economist Ludwig von Mises was a feminist is an apodictic impossibility.”

Feminist Economist Propositions Impossibility Von Mises

Author:Ilana Mercer

“The corporatist-economic model of society appears to be governing us. Economists, often in the pay of transnationals, are deciding, for us, what democracy is, and will be.”

Pay Democracy Economic Models Economist Governing Economic Models

Author:B. W. Powe

“Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions.”

May Certain Opinion Uncertainty Economist Distribution

Author:Herbert Stein

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