Quotessence
Home / Topics / Economist Quotes

Economist Quotes

Browse 542 quotes about Economist.

Related topics

EconomicsIfsPeopleEconomicEconomyKnowsThinkingWorldPoliticalShouldMenPolicyYearsFinancialNeedsProblemFactsPoliticianStatesGovernmentLongTaxesBelieveTheoryWantWayWellsGrowthEffectsHas BeensLooksMayNumbersScientistTodayWealthBusinessCrisisMeanPoliticsSaidStudyTwoDoeEconomy And EconomicsFirstsHumansInterestInvestingJobsLittlesMadeRunningSeemsStillsTryingValuesAnswersCostDecisionEndsExpertsFacesGroupsIdeasIndividualKindModelsOrderPhilosopherRealTermTurnsAcademicAnalysisArguingCasesDifferentGivingImportantIntellectualLastsLawLawyerMathematicsMightPhilosophyPhysicistReasonSidesSocialViewsAbleAdviceAmericaCountryDevelopmentEquilibriumForeverGreat Depressionmore

Economist Quotes

“Economist and Africa expert Collier analyzes why a group of 50 nations, home to the poorest one billion people, are failing. Considering issues such as civil war, dependence on extractive industries, and bad governance, he argues that the strongest industrialized countries must enact a plan to help with international policies and standards.”

PeopleWarCountryHelpingHomeNationsIssuesPlansFailingGroupsPolicyIndustryStandardsInternationalArguingBillionsExpertsCivil WarStrongestConsideringDependenceEconomistGovernancePoorest
Author:Amy Lockwood
Create image

“Moyo, a Zambia-born economist, asserts that aid is not only ineffective-it's harmful. Her argument packs a strong punch because she was born and raised in Africa. Moyo believes aid money promotes the corruption of governments and the dependence of citizens, and advocates that an investment approach will do more to help reduce poverty than aid ever could.”

BelieveHelpingGovernmentStrongBornPovertyCitizensApproachArgumentInvestmentRaisedCorruptionAidsPacksDependenceEconomistBorn And RaisedZambia
Author:Amy Lockwood
Create image

“In an age in which economists take for granted that people equate well-being with consumption, increasing numbers of people seem willing to trade certain freedoms and material comforts for a sense of immutable order and the rapture of faith.”

PeopleWellsSeemsAgeCertainOrderNumbersWillingMaterialsComfortTradeGrantedWell BeingConsumptionEconomistRapture
Book:The Future in Plain Sight: Nine Clues to the Coming Instability
Create image

“Economists who have studied the relationship between education and economic growth confirm what common sense suggests: The number of college degrees is not nearly as important as how well students develop cognitive skills, such as critical thinking and problem-solving ability.”

ThinkingWellsImportantProblemGrowthAbilityCommonNumbersEconomicStudentsCollegeSkillsDegreesCriticalCommon SenseProblem SolvingEconomistEconomic GrowthCritical ThinkingCognitiveCollege Degree
Author:Derek Bok
Create image

“Our belief in salvation through the market is very much in the Utopian tradition. The economists and managers are the servants of God. Like the medieval scholastics, their only job is to uncover the divine plan. They could never create or stop it. At most they might aspire to small alterations.”

MightJobsBeliefPlansDivineTraditionSalvationManagersServantAspireEconomistMedievalUtopianServant Of GodAlterationsScholastics
Book:The Unconscious Civilization
Create image

“It is not realistic or hard-headed to solve problems and take action unguided by ultimate moral aims and values, although we all know some who claim that it is so. In my judgement, it is thoughtless folly. For it ignores the realities of human faith and of passion and of belief; forces ultimately more powerful than all the calculations of our economists or of our generals. Of course to adhere to standards, to idealism, to vision in the face of immediate dangers takes great courage and takes self-confidence. But we also know that only those who dare to fail greatly, can ever achieve greatly.”

KnowsHumansSelfProblemRealityActionFacesValuesPassionCoursesBeliefForcePowerfulMoralVisionFailingAchieveDangerJudgmentStandardsUltimateClaimsAimDareSolveSelf ConfidenceFollyRealisticIdealismEconomistCalculations
Author:Robert Kennedy
Create image

“If Mexican farm labor is so much cheaper, maybe we should be growing our fruits and vegetables in Mexico. There's absolutely no reason to import Mexicans to do something they could do at home and then sell to us. I believe this is what economists call "competitive advantage".”

IfsShouldBelieveReasonHomeI BelieveGrowingAdvantageLaborSellsFruitNo ReasonFarmsVegetablesMexicoEconomistMexicanCheaperImportsCompetitive AdvantageFruits And Vegetables
Author:Ann Coulter
Create image

“The master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents not often found together. He must be mathematician, historian, statesman, philosopher - in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light ofthe past for the purposes of the future”

DifferentLightTogetherPastPurposeFoundSpeakTermStudyTalentParticularMastersDegreesStandardsPhilosopherFlightSymbolsCombinationAbstractHistorianConcreteContemplatingMathematicianEconomistStatesmenDifferent DirectionsHigh Standards
Book:The Collected Writings of John Maynard Keynes: Essays in biography
Create image

“Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '”

IfsWorldYearsLooksSaidRealWantedStudyEconomicEventsEconomicsHorseMeetingsAbstractReal WorldEconomistDivorcedEconomic SystemsDevon
Author:Ronald Coase
Create image

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.”

HoursEconomyGroupsEconomicCrisisFinancialDecadesWakingEconomistSpectacularIntriguingGreat DepressionAnalyzingFinancial CrisisEconomic CrisisSubplots
Author:Robert J. Samuelson
Create image

“A different set of incentives from rising in an economic establishment where the rewards system, again, the reinforcement, comes from being a truffle hound. That's what Jacob Viner, the great economist called it: the truffle hound - an animal so bred and trained for one narrow purpose that he wasn't much good at anything else, and that is the reward system in a lot of academic departments.”

DifferentPurposeAnimalEconomicRewardsRisingDepartmentEstablishmentAcademicEconomistIncentivesJacobHoundsReinforcementTruffles
Author:Charlie Munger
Create image

“The welfare state is institutionalized crime - 'organized plunder,' as the French economist Frederic Bastiat called it. It systematizes what is intrinsically wrong: forcing some people to support others. The Democrats favor the indefinite expansion of the welfare state, perpetually increasing the ratio of force to freedom in society.”

PeopleStatesForceSupportCrimeDemocratFavorsWelfareOrganizedExpansionEconomistRatiosWelfare StatePlunder
Author:Joseph Sobran
Create image

“How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.”

ThinkingShouldMindLittlesHardPsychologyEconomicsEnlightenedEconomistAccommodateBendingBehavioral Economics
Author:Charlie Munger
Create image

“Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.”

MadeBigsNumbersVirtueEffectsHonestEconomicsVicesArguingMade ItUncomfortableEconomistMonkColumnsEntryBookkeeping
Author:Charlie Munger
Create image

“Politicians, bureaucrats, editors, new commentators, 'economists' teachers,' and other word artists who denounce private enterprise and praise socialism are their own worst enemies...these attackers are unwittingly destroying the sources of their own livelihood. They kill the geese that lay the golden eggs - and don't know it!”

KnowsArtistEnemyTeacherWorstSourcePoliticianPraiseLaysSocialismGoldenEnterpriseEggsEditorsDestroyingEconomistCommentatorsGeeseBureaucratsLivelihoodWorst EnemyPrivate EnterpriseGolden Eggs
Author:Leonard Read
Create image

“I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.”

ShouldWellsStrongWealthCommonWorryHappenedConditionsEffectsTheoryCreatingEconomicsCurrentsExtremesPhysicsMathematicalAcademicReversePuzzlesEconomistRecessionsPhdsAppraise
Author:Charlie Munger
Create image

“It's my belief that one of the unconscious reasons which underlies the odd attitude of the establishment toward hallucinogens is the fact that they bring the mystery to the surface as an individual experience. In other words, you do not understand the psychedelic experience by getting a report from Time magazine or even the Economist. You only understand the psychedelic experience by having it.”

ReasonFactsIndividualBeliefAttitudeMysterySurfaceMagazinesOddUnconsciousReportsEstablishmentEconomistPsychedelicPsychedelic ExperienceTime MagazineHallucinogens
Author:Terence McKenna
Create image

“Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail. That is what we have done at one time or another to produce surpluses of wheat, of sugar, of butter, of many other commodities. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.”

KnowsWantWellsMayDoneGovernmentOne ThingProduceOne TimeSugarMinimumCommodityEconomistMaximumWheatShortageSurplus
Book:Free to Choose: A Personal Statement
Create image

“A good rule of thumb is as follows: If the numbers come from somebody wearing a tie (Wall Street economist or analyst, industry public relations department, captive think tank academic and so on), you ought to be very skeptical. By design messages from these people are intended to move markets, move merchandise and/or move public policy and are not a comment on the state of the physical universe.”

PeopleIfsThinkingStatesMovingUniverseNumbersStreetsPolicyDesignWallIndustryOughtMessagesRelationTiesDepartmentCommentAcademicEconomistSkepticalTanksThumbsCaptivesPublic RelationsPublic PolicyAnalystsMerchandise
Author:Nassim Nicholas Taleb
Create image

“The first proponent of cortical memory networks on a major scale was neither a neuroscientist nor a computer scientist but .. a Viennes economist: Friedrich von Hayek (1899-1992). A man of exceptionally broad knowledge and profound insight into the operation of complex systems, Hayek applied such insight with remarkable success to economics (Nobel Prize, 1974), sociology, political science, jurisprudence, evolutionary theory, psychology, and brain science (Hayek, 1952).”

MenFirstsPoliticalMemoriesBrainPsychologyTheoryComputerMajorsEconomicsScientistProfoundComplexesInsightScalesOperationsRemarkablePrizeBroadsEconomistSociologyPolitical ScienceNobelNobel PrizeComplex SystemsHayekJurisprudenceBrain ScienceVon Hayek
Author:Joaquin Fuster
Create image

“Friedrich Hayek, who died on March 23, 1992 at age 92, was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes - his chief intellectual rival of the century - in the battle since the 1930s for the minds of economists and the policies of governments.”

WayMindGovernmentAgeSocialCenturyPolicyBattleIntellectualScientistDiedFundamentalsChiefsMarchEconomistRivalsTwentieth Century1930sHayekKeynesFriedrich Hayek
Author:Julian Simon
Create image