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Quotes by Economist
"Even in Britain, the trade unions tell me that employment contracts have less protection than in the past."
41
"The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market."
41
"The expansion of the market creates a need for enhanced and more regular supply, and this in turn impels commercial capital to acquire control of production as well."
41
"Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated."
41
"The interesting thing is, while we die of diseases of affluence from eating all these fatty meats, our poor brethren in the developing world die of diseases of poverty, because the land is not used now to grow food grain for their families."
41
"In this world of many consequences, people help people to achieve or to fail, take care of whom to trust."
41
"My father also happened to be an intellectual, as learned, literate, informed, and curious as anyone I have known. Unobtrusively and casually, he was my wise and gentle teacher."
41
"The system has for its object an increase of persons that are to intervene between the producer and the consumer, living on the product of the land and labour of others, diminishing the power of the first, and increasing the number of the last."
41
"People must learn that the accumulation of wealth by the successfulconduct of business is the corollary of the improvement of their own standard ofliving and vice versa. They must realize that bigness in business is not an evil, but both the cause and effect of the fact that they themselves enjoy all those amenitieswhose enjoyment is called the "American way of life."
41
"A great emigration necessarily implies unhappiness of some kind or other in the country that is deserted."
41
"Globalization and free trade do spur economic growth, and they lead to lower prices on many goods."
41
"Basically, what Economic Hit Men are trained to do is to build up the American empire. To create situations where as many resources as possible flow into this country, to our corporations, and our government, and in fact we've been very successful."
41
"My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking."
41
"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."
40
"There is no sense in making statements that will not continue to be true after they are made."
40
"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."
40
"It was in the 1960s that I began the detailed study of public regulation."
40
"Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative."
40
"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."
40
"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like."
40
"Under capitalism each individual engages in economic planning."
40
"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
40
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
40
"I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations."
40
"But that the reasoning from these facts, the drawing from them correct conclusions, is a matter of great difficulty, may be inferred from the imperfect state in which the Science is now found after it has been so long and so intensely studied."
40
"The rate of interest acts as a link between income-value and capital-value."
40
"In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development."
40
"I attended schools in Seattle through the University of Washington, from which I was graduated in 1931. I spent the next year at Northwestern University."
40
"In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed."
40
"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets."
40
"Overcofidence and ignorance are the root causes of sexuall dissatisfaction in the world today."
40
"After the many rumours that we had heard about Hitler and the published criticisms we had read about him, we were pleasantly impressed. His appearance was neither pretentious nor affected."
40
"Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it."
40
"The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check."
40
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