Best Economist Quotes | Short & Famous Sayings Page 4

“You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.”

Writing Years Wells May Has Beens Book Real Prove Recovery Entitled Economist Could Have Been

Author:Jamie Dimon

“As an economist, I'm aware that life is full of trade offs.”

Life Is Trade Economist Trade Offs

Author:Peter Blair Henry

“Economists talk about profit motive, but nothing motivates modern man more than a chance to avoid taxes!”

Men Chance Modern Taxes Profit Motive Economist Modern Man Profit Motive

Author:Peter Drucker

“Philosophy can add to our happiness in no other manner but by diminishing our misery; it should not pretend to increase our present stock, but make us economists of what we are possessed of. Happy were we all born philosophers; all born with a talent of thus dissipating our own cares by spreading them upon all mankind.”

Should Philosophy Care Born Mankind Talent Increase Add Misery Philosopher Possessed Economist

Book:Enquiry into the present state of polite learning. The citizen of the world

Source: Enquiry into the present state of polite learning. The citizen of the world

“For a country, everything will be lost when the jobs of an economist and a banker become highly respected professions.”

Country Jobs Lost Profession Economist Banking Bankers

Author:Baron de Montesquieu

“An economist's definition of hatred is the willingness to pay a price to inflict harm on others.”

Pay Economy Hatred Definitions Harm Willingness Economist

Author:Edward Glaeser

“Stewart Davenport conscientiously and insightfully re-creates the world of the nineteenth-century political economists, who taught that the principles of international trade manifested, like the laws of biology and physics, the intelligent design of a Divine Creator.”

World Law Political Principles Century Design Taught Divine Intelligent Trade International Creator Physics Biology Economist Nineteenth Century Intelligent Design International Trade

Author:Daniel Walker Howe

“The point of studying economics is so as not to be fooled by economists.”

Study Economics Economist Fooled Studying Economics

Author:Joan Robinson

“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.”

Information Policy Foundation Instance Limitation Imperfect Academic Economist Free Market Explaining Theoretical

Author:Joseph Stiglitz

“most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.”

Humans Body Economy Understood Economics Doctors Complexes Accurate Predictions Economist Human Body Reluctant Complex Systems

Author:Alice Rivlin

“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.”

Ifs Giving School Sound Money Economics Currents Reform Cycles Cheer Reserves Replaced Economist Banking Inflation Central Banks Bailouts

Author:Llewellyn Rockwell

“There are, of course, a number of epistemological questions, some of which lie more in the province of the philosopher than they do the economist or the social scientist. The one with which I am particularly concerned here is that of the role of knowledge in social systems, both as a product of the past and as a determinant of the future.”

Past Lying Courses Social Numbers Roles Products Concerned Scientist Philosopher Economist Provinces Social Systems

Author:Kenneth E. Boulding

“There is something, however humble, which can properly be called skill among those who recognise themselves as economists.”

Skills Humble Economist Recognise

Author:Kenneth E. Boulding

“[The notion of equilibrium] is a notion which can be employed usefully in varying degrees of looseness. It is an absolutely indispensable part of the toolbag of the economist and one which he can often contribute usefully to other sciences which are occasionally apt to get lost in the trackless exfoliations of purely dynamic systems.”

Lost Degrees Notion Indispensable Economist Employed Equilibrium Looseness

Author:Kenneth E. Boulding

“In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.”

“The concept of need is often looked upon rather unfavorably by economists, in contrast with the concept of demand. Both, however, have their own strengths and weaknesses. The need concept is criticized as being too mechanical, as denying the autonomy and individuality of the human person, and as implying that the human being is a machine which "needs" fuel in the shape of food, engine dope in the shape of medicine, and spare parts provided by the surgeon.”

“It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns - that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.”

Kind Made Might Information Flow Regard Structure Patterns Income Related Arrangements Economist Tempted Improbable Corresponding More Knowledge

Author:Kenneth E. Boulding

“It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, "Economics is what economists do," and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.”

Hard Fall Deals Numbers Economics Relation Mathematics Definitions Quantity Mathematician Formal Economist Tempted Fall Back Jacob

Author:Kenneth E. Boulding

“Economists and technologists bring the "bits", but it requires the social scientists and humanists to bring the "wits.”

Social Bits Scientist Wit Economist

Author:Kenneth E. Boulding

“The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.”

Important Certain Ability Share Skills Advantage Scientist Economist Equilibrium Comparative Advantage

Author:Kenneth E. Boulding

“One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.”

Has Beens Two Important Names Skills Models Economics Method Analysis Economist Equilibrium Simplification Keynes Macro Microeconomics

Author:Kenneth E. Boulding

“Physicists can only talk to other physicists and economists to economists... sociologists often cannot even understand each other.”

Economist Physicist Sociologists

Author:Kenneth E. Boulding

“Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.”

Knows Littles Philosophy Facts Past Humanity Teach Economy Subjects College Ethics Economics Logic Economist Sociology

Author:Bernard Baruch

“Take care to be an economist in prosperity. There is no fear of your being one in adversity.”

Care Economy Advice Adversity Prosperity Take Care Economist No Fear

Author:Johann Georg Ritter von Zimmermann

“Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately.”

Believe Views Successful Information Investing Devices Efficiency Economist Reflecting New Information

Author:Burton Malkiel

“Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q. (Performance Quotient) will not give away such rent to the Ford Foundation or the local bank trust department. They have too high an I.Q. for that.”

Giving Ability Special Return Performances Foundation Extraordinary Investing Locals Department Economist Flair

Author:Paul Samuelson

“Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.”

I Can Happens Tvs Ears Chaos Investing Economist Charlie Commentators Wallets Anything Can Happen Advisors

Author:Warren Buffett

“Financial security is a constant in my life. I allow my income to constantly expand, no matter what the newspapers and economists say. I move beyond my present income, and I go beyond the economic forecasts. I do not listen to people out there telling me how far I can go or what I can do.”

People I Can Matter Moving Can Do Economic Security No Matter What Constant Financial Newspapers Income Abundance Economist Wise Women Successful Women Forecasts Financial Security

Author:Louise Hay

“With more than 67 percent of the Nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure.”

Believe Moving Nations Ability Quality Percent Moving On Tied Economist Highways Infrastructure Moved On

Author:Dennis Hastert

“Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise.... It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever.”

People Thinking Believe Ideas Country Feelings Strong Forever Trouble Dangerous Management Majority Burden Debt Ignored Economist Statesmen Thrift Money Management National Debt

Author:Mo Udall

“But there is no equality of opportunity under existing laws and customs. In the race for wealth, which the economist seems as unable to define as to guide, the toiler is most heavily handicapped in the very start.”

Seems Law Opportunity Wealth Race Guides Customs Economist Handicapped Equality Of Opportunity

Author:Joshua K. Ingalls

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”

Knows Men Littles Liberty Imagine Economic Design Economics Tasks Libertarian Curious Economist Central Planning Mixed Economy

Author:Friedrich August von Hayek

“I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions.”

Problem Hands Certain Values Economy Conviction Dues Our Time Neglect Crucial Economist Timidity

Author:Friedrich August von Hayek

“One effect of benefit-cost analysis is to give any respectable engineer or economist a means for justifying almost any kind of project the national government wants to justify... Exclusive reliance on benefit-cost analysis has been one of the greatest threats to wise decisions in water development.”

“I started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.”

Source: SMALL IS BEAUTIFUL

“I was trained to become an economist and I finished my work and I was teaching and did my PhD so I thought I did that. I prepared myself for that kind of road. But then I realized that I had not learned enough to solve the problem of poverty. So I distanced myself from the things that I learned and tried to learn anew about people.”

People Kind Enough Problem Poverty Teaching Prepared Solve Finished I Realized Economist Phds

Author:Muhammad Yunus

“I was an economist now turning into a human being - as if these are two different things. I don't know but I did that and then I had no vision.”

Ifs Knows Humans Two Different Human Beings Vision Different Things Economist Two Different Things

Author:Muhammad Yunus

“I had a choice. I could become an economist & managing director. I choose to do something else. I would have become much, much richer than I am. I choose to not do that. It's that simple.”

Choices Simple Directors Economist

Author:Odd Nerdrum

“Health economists have estimated that an injection of $250 million per year in Indigenous clinical care, and $50 million in preventative care, is required to provide services at the same level as for any other group with the health conditions of Indigenous Australians.”

Years Care Levels Millions Groups Conditions Economist Indigenous Clinicals Injection

Author:Malcolm Fraser

“When you poll all of the economists, uh, across America that I think are intellectually honest they would all, or maybe not all, but 95% of them 96% of them would say you know we really have got a powerful economy.”

Thinking Knows America Powerful Economy Honest Economist Polls

Author:Donald Evans

“I've heard people say that the trouble with the world is that we haven't enough great leaders. I think we haven't enough great followers. I have stood side by side with great thinkers - surgeons, engineers, economists; people who deserve a great following - and have heard the crowd cheer me instead.”

People Thinking World Enough Sides Leader Trouble Heard Havens Deserve Crowds Following Cheer Followers Thinker Engineers Economist Great Leader Surgeons Great Thinkers

Author:Babe Ruth

“In most cases I start off with a sketch. But I'm also thinking about real images: out of National Geographic, out of fashion magazines, out of The Economist, out of Time. I'm making a sketch, but I'm using the existing images that have been put out in the world.”

Thinking World Has Beens Real Cases Fashion Magazines Economist National Geographic Fashion Magazines

Author:Wangechi Mutu

“Lift the curtain and 'the State' reveals itself as a little group of fallible men in Whitehall, making guesses about the future, influenced by political prejudices and partisan prejudices, and working on projections drawn from the past by a staff of economists.”

Men Littles States Past Political Groups Prejudice Lifts Staff Economist Curtains Projection Partisans

Book:Freedom and reality

Source: Freedom and reality

“One of the best predictors of policy around is Thomas Ferguson's investment theory of politics, as he calls it - very outstanding political economist - which essentially - I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.”

Mean States Political Groups Policy Theory Election Investment Sentences Occasions Investors Economist Outstanding Ferguson

Author:Noam Chomsky

“The drilling idea is spherically senseless - it's senseless from whatever point of view you look at it. It'd take 10 years to bring any oil online, and it would probably go to Japan. It sure wouldn't help gasoline prices here. All the economists say gasoline is still too cheap in the United States anyway. So here we're having this huge debate over offshore drilling that is just straightforward nonsense, which won't surprise you.”

“I'm not a politician, I'm not an economist. I'm just a simple Brian surgeon and a scientist who's trying to do my best every day.”

Trying Simple Politician Scientist Economist Surgeons Brian

Author:Alfredo Quinones-Hinojosa

“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

“The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.”

Littles Use News Intelligent Folks Investors Charming Economist Engaging Good News Bad News

Author:Barry Ritholtz

“Every company that has an economist working for him has one employee too many.”

Company Employee Economist

Author:Warren Buffett

“Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don't seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.”

Needs Stars Sides Poverty Roles Accounts Fellows Strategy Western International Aids Arguing Debate Tendencies Economist Feedback Ongoing Global Poverty

Author:Amy Lockwood

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