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Economist Quotes

Browse 542 quotes about Economist.

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Economist Quotes

“Priests, kings, statesmen, soldiers, bankers and public functionaries of all sorts; policemen, jailers and hangmen; capitalists, usurers, businessmen and property-owners; lawyers, economists and politicians - all of them, down to the meanest grocer, repeat in chorus the words of Voltaire, that if there were no God it would be necessary to invent Him.”

IfsWould BeAtheismKingsPoliticianPropertySoldierPositive AtheismLawyerRepeatsOwnersPriestsCapitalistBusinessmanEconomistBankersPolicemenStatesmenChorusHangmanJailerGrocers
Author:Mikhail Bakunin
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“I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.”

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Author:John Kenneth Galbraith
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“The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.”

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Author:Barack Obama
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“Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.”

NeedsShouldProblemGrowthWealthPayAttentionKnownPovertyCryCapitalismEconomicsShould HaveUniversalPraiseRaisedBottomSolveDisappearEmploymentLiftsPay AttentionBotherEconomistImpressiveReducingShould Have KnownShould Have Known BetterReducing Poverty
Book:Contributions to Modern Economics
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“Even if the constants which economists wish to determine were less numerous, and the method of experiment more accessible, we should still be faced with the fact that the constants themselves are different at different times. The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. The constitution of the atom, as it were, and not merely its position, changes under the influence of environment.”

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Author:Arthur Cecil Pigou
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“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.”

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Author:Andrew Lo
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“I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.”

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Book:The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971
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“In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another; and prefer collective animosities to individual happiness.”

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Book:The collected writings of John Maynard Keynes
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“We chose to do this work mathematically, which has the advantage of precision but is not always appreciated by readers. It is perhaps for this reason that anthropologists have not shown much interest in these models, unlike economists, for example, for whom the use of mathematics poses no problem. However, one could reach the same conclusions by using just a bit of common sense.”

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Author:Luigi Luca Cavalli-Sforza
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