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Quotes by Economist

"For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights."
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Rudolf Hilferding
"For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights."
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"Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass."
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Jeffrey Sachs
"Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass."
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36
"Stop thinking that nobody is "good enough."
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Auliq Ice
"Stop thinking that nobody is "good enough."
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36
"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
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Martin Feldstein
"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
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36
"The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future."
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John Maynard Keynes
"The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future."
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36
"The only way that we're going to feel secure in this country again and that we're going to feel good about ourselves is if we use these systems we've put into place to create positive change around the world. I really believe we can do that."
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John Perkins
"The only way that we're going to feel secure in this country again and that we're going to feel good about ourselves is if we use these systems we've put into place to create positive change around the world. I really believe we can do that."
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36
"We've built the largest empire in the history of the world. It's been done over the last 50 years since World War II with very little military might, actually. It's only in rare instances like Iraq where the military comes in as a last resort."
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John Perkins
"We've built the largest empire in the history of the world. It's been done over the last 50 years since World War II with very little military might, actually. It's only in rare instances like Iraq where the military comes in as a last resort."
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36
"It the British System is the most gigantic system of slavery the world has yet seen, and therefore it is that freedom gradually disappears from every country over which England is enabled to obtain control."
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Henry Charles Carey
"It the British System is the most gigantic system of slavery the world has yet seen, and therefore it is that freedom gradually disappears from every country over which England is enabled to obtain control."
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36
"The enemy of the conventional wisdom is not ideas but the march of events."
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John Kenneth Galbraith
"The enemy of the conventional wisdom is not ideas but the march of events."
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36
"If all else fails, immortality can always be assured by spectacular error."
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John Kenneth Galbraith
"If all else fails, immortality can always be assured by spectacular error."
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36
"I don't hate you, because hate is a feeling and I feel absolutely nothing for you."
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Auliq Ice
"I don't hate you, because hate is a feeling and I feel absolutely nothing for you."
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36
"What the public needs to understand is that these new technologies, especially in recombinant DNA technology, allow scientists to bypass biological boundaries altogether."
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Jeremy Rifkin
"What the public needs to understand is that these new technologies, especially in recombinant DNA technology, allow scientists to bypass biological boundaries altogether."
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36
"It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce."
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David Ricardo
"It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce."
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36
"What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long."
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Thomas Sowell
"What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long."
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36
"The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion."
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Friedrich August von Hayek
"The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion."
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36
"It is important to be Intuitive at this time and allow the natural course to show you the way to the next step."
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Auliq Ice
"It is important to be Intuitive at this time and allow the natural course to show you the way to the next step."
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36
"The key to holding a logical argument or debate is to allow oneself to understand the other person's argument no matter how divergent their views may seem."
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Auliq Ice
"The key to holding a logical argument or debate is to allow oneself to understand the other person's argument no matter how divergent their views may seem."
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36
"We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy."
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John W. Snow
"We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy."
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36
"It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life."
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Hjalmar Schacht
"It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life."
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36
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
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Paul A. Volcker
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
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36
"These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries."
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John Perkins
"These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries."
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36
"That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more intense as the questions raised by the sociology of science became more prominent."
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George Stigler
"That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more intense as the questions raised by the sociology of science became more prominent."
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36
"There is a crisis of public morality. Instead of policing bedrooms, we ought to be doing a better job policing boardrooms."
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Robert Reich
"There is a crisis of public morality. Instead of policing bedrooms, we ought to be doing a better job policing boardrooms."
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36
"There's no question in my mind that it was C.I.A. sanctioned, and most - many Latin American investigators have come to the same conclusion. Of course, we never heard about that in our country."
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John Perkins
"There's no question in my mind that it was C.I.A. sanctioned, and most - many Latin American investigators have come to the same conclusion. Of course, we never heard about that in our country."
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36
"Then it was that the exports of slaves from Virginia and the Carolinas was so great that the population of those States remained almost, if not quite stationary."
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Henry Charles Carey
"Then it was that the exports of slaves from Virginia and the Carolinas was so great that the population of those States remained almost, if not quite stationary."
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36
"Politics is the art of choosing between the disastrous and the unpalatable."
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John Kenneth Galbraith
"Politics is the art of choosing between the disastrous and the unpalatable."
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36
"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."
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Joseph E. Stiglitz
"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."
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36
"I felt guilty throughout the whole time, but I was seduced. The power of these drugs, sex, power, and money, was extremely strong for me."
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John Perkins
"I felt guilty throughout the whole time, but I was seduced. The power of these drugs, sex, power, and money, was extremely strong for me."
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36
"We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy."
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Jeffrey Sachs
"We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy."
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36
"All successful revolutions are the kicking in of a rotten door."
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John Kenneth Galbraith
"All successful revolutions are the kicking in of a rotten door."
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36
"I cannot resign myself to the decline of Europe, and of France."
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Jacques Delors
"I cannot resign myself to the decline of Europe, and of France."
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36
"Europe will not accept genetically modified foods. It doesn't make any difference in the final analysis what Brussels does, what Washington does, or what the World Trade Organization does."
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Jeremy Rifkin
"Europe will not accept genetically modified foods. It doesn't make any difference in the final analysis what Brussels does, what Washington does, or what the World Trade Organization does."
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36
"Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression."
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Ludwig von Mises
"Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression."
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36
"The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences."
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Friedrich August von Hayek
"The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences."
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36
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
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John Kenneth Galbraith
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
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36
"The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness."
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Nassau William Senior
"The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness."
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36
"Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price."
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George Stigler
"Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price."
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36
"My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman."
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George Stigler
"My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman."
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36
"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects."
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Friedrich August von Hayek
"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects."
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36
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
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Joseph E. Stiglitz
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
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"The attainment of the economic aims of man presupposes peace."
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Ludwig von Mises
"The attainment of the economic aims of man presupposes peace."
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36
"Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies."
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Thomas Sowell
"Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies."
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"Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest."
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Frank Knight
"Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest."
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"Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way."
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John Hull
"Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way."
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36
"The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind."
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Nassau William Senior
"The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind."
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36
"People who have time on their hands will inevitably waste the time of people who have work to do."
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Thomas Sowell
"People who have time on their hands will inevitably waste the time of people who have work to do."
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35
"For many years eagerly thought by your enemy to destroying your life, it's all one second of mastery for you to save your life from his deadly plans, for you to survive."
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Auliq Ice
"For many years eagerly thought by your enemy to destroying your life, it's all one second of mastery for you to save your life from his deadly plans, for you to survive."
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35
"The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau."
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Ludwig von Mises
"The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau."
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35
"There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not."
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Thomas J. Sargent
"There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not."
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35
"Be careful when getting what you exactly need in life."
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Auliq Ice
"Be careful when getting what you exactly need in life."
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