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Quotes by Economist
"The Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but at MIT this puts them in the bottom ten percent of the class."
49
"It might be said that it is the ideal of the employer to have production without employees and the ideal of the employee is to have income without work."
49
"When the National Security Agency recruited me, they put me through a day of lie detector tests. They found out all my weaknesses and immediately seduced me. They used the strongest drugs in our culture, sex, power and money, to win me over."
49
"Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular."
49
"The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters."
49
"Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation."
49
"After the war, I returned to Minnesota, from which I soon moved to Brown University, and a year later, to Columbia University where I remained from 1947 until 1958."
49
"A thousand acres that can feed a thousand souls is better than ten thousand acres of no more effect."
49
“Within a world of free trade and democracy, there are no incentives for war and conquest. In such a world, it is of no concern whether a nation's sovereignty stretches over a larger or smaller territory. Its citizens cannot derive any advantage from the annexation of a province. If territorial problems can be treated without bias and passion, it is not painful to be fair to other people's claims for self-determination.”
49
"Nothing is going to work out unless you step up and make it happen."
49
"I know quite a few farmers all over the United States who have tried this and have said the opposite, that they have to use more herbicides, not less. The same holds true with BT."
48
"The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows."
48
"The HoLee model was the first term structure model. I remember reading their paper soon after it was published and as it was fairly different from many of the other papers that I had read, I had to read it quite a few times. I realized that it was a really important paper."
48
"The industry's not stupid. The industry knows that if those foods are labeled "genetically engineered," the public will shy away and won't take them."
48
"To find ways of practicing democracy, not ways of orating about it, is our great problem."
48
"The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods."
48
"The march of invention has clothed mankind with powers of which a century ago the boldest imagination could not have dreamt."
48
"The public should know that the liability issues here have yet to be resolved, or even raised. If you're a farmer and you're growing a genetically engineering food crop, those genes are going to flow to the other farm."
48
"The conventional view serves to protect us from the painful job of thinking."
48
"The social displacements that occur as consequences of variations in the value of money result solely from the circumstance that this assumption never holds good. In the chapter dealing with the determinants of the objective exchange-value of money it was shown that variations in the value of money always start from a given point and gradually spread out from this point through the whole community."
47
"The exchangeable value of all commodities, rises as the difficulties of their production increase."
47
"This is one of those cases in which the imagination is baffled by the facts."
47
"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments."
47
"The only way to eliminate the deficit in the long run is through growth."
47
"A laborer no longer makes whole articles. He receives raw materials, puts his touch on them, and passes them to another worker in the series. When the articles are quite finished they are carried out of sight by currents of commercial exchange. These currents are untraceable."
47
"The first issue to be settled is whether socialism has a right to exist Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question."
47
"Population, when unchecked, goes on doubling itself every 25 years or increases in a geometrical ratio."
47
"There is danger in reckless change, but greater danger in blind conservatism."
47
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