27 Tyler Cowen Quotes for You to Enjoy

Tyler Cowen

American Economist

Born: Jan 21, 1962

People Sometimes Think Will World You

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

In most of the world, breakfast is an important meal. Tyler Cowen

World Important Breakfast Meal Most

Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism. Tyler Cowen

Love Capitalism Hate People Important About Through Bottom Bottom Line Voluntary Tensions Economists Institutions Most Talk Line Controlled Done Being The Most Important Manipulated Incentives Even

Economics evolved as a more moral and more egalitarian approach to policy than prevailed in its surrounding milieu. Let's cherish and extend that heritage. The real contributions of economics to human welfare might turn out to be very different from what most people - even most economists - expect. Tyler Cowen

People Welfare Economics Heritage Approach Out Evolved Moral Prevailed More Economists Most Policy Real Cherish Surrounding Very Expect Than Contributions Egalitarian Human Different Might Turn Milieu Even Extend

The 'low' quality of many American films, and of much American popular culture, induces many art lovers to support cultural protectionism. Few people wish to see the cultural diversity of the world disappear under a wave of American market dominance. Tyler Cowen

Art Quality Culture People World Diversity Wish Few Films Wave Market See Disappear Support Protectionism Cultural Cultural Diversity Dominance American Few People Lovers Low Much Many Popular Popular Culture

At fancy and expensive restaurants (say, $50 and up for a dinner), you can follow a simple procedure to choose the best meal. Look at the menu and ask yourself: 'Which of these items do I least want to order?' Or: 'Which one sounds the least appetizing?' Then order that item. Tyler Cowen

Best You Yourself Simple Dinner Meal Say Restaurants Follow Menu Look Least Sounds Item Up Items Expensive Order Want Procedure Which Fancy Ask Then Choose

If we want to improve American food and make it much cheaper, we should deregulate the food trucks and the other street vendors, provided they meet certain sanitation standards. Many cities have already moved down this path, and people are not keeling over with salmonella. Tyler Cowen

Food People Path Down Other Meet Cities Cheaper Trucks Over Vendors Make Provided Improve American Moved Want Much Certain Should Sanitation Standards Many Street

Most restaurants in most cities, including Washington, are at a sort of mid-level. They're somewhat trendy, or they have some sort of gimmick, or they're somewhat expensive. And they make a lot of money off drinks. I tell people don't go to most of them, unless your goal is just to socialize. Tyler Cowen

People Money Unless Trendy Tell Cities Gimmick Restaurants Some Somewhat Drinks Most Make Sort Go Goal Lot Off Just Expensive Them Your Including Washington Socialize

I think as individuals, people overrate the virtues of local food. Most of the energy consumption in our food system is not caused by transportation. Sometimes local food is more energy efficient. But often it's not. The strongest case for locavorism is to eat less that's flown on planes, and not to worry about boats. Tyler Cowen

Food People Sometimes Energy Think Local Our Virtues Worry System Eat About Case Strongest More Consumption Individuals Most Caused Efficient Often Energy Consumption Boats Planes Less Transportation Flown

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. Tyler Cowen

Truth Great Group Other Beneficiaries Out Wiped Shareholders Bailout Like Most Mostly Deals Were Been End American Bank Goldman Sachs Derivatives Who International Creditors

Everything will have a Yelp review. And if you're a worker, there will be like credit scores. There already are to some extent. How reliable are you? How many jobs have you had? Have there been lawsuits filed against you? How many traffic tickets? Tyler Cowen

The iPhone is made on a global scale, and it blends computers, the Internet, communications, and artificial intelligence in one blockbuster, game-changing innovation. It reflects so many of the things that our contemporary world is good at - indeed, great at. Tyler Cowen

Good Great Artificial Intelligence Innovation Intelligence World Internet Made Our Indeed Scale Computers Blends Global Contemporary Contemporary World Blockbuster iPhone Reflects Artificial Communications Many Things

If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.' Tyler Cowen

You People Fall Other Side Complement Market Address More More People Divide Computer Over Prospects Likely Wage Labor May Want Average Skills Your Why Ever Starting

Some Google employees have their self-driving vehicles take them to work. These car robots don't look like something from 'The Jetsons'; the driverless features on these cars are a bunch of sensors, wires, and software. This technology 'works.' Tyler Cowen

Work Technology Car Employees Google Software Some Something Features Take Wires Vehicles Like Look Robots Bunch Sensors Them Works

At least in the United States, most economic resentment is not directed toward billionaires or high-roller financiers - not even corrupt ones. It's directed at the guy down the hall who got a bigger raise. It's directed at the husband of your wife's sister, because he earns 20 percent more than you do. Tyler Cowen

You Wife Husband Sister Down States Financiers Corrupt Percent Directed Guy More Economic He Toward Most Hall Because Got Least Than Bigger Your Who Billionaires Even Resentment United United States Raise

France has not only built a bureaucratic barrier against American culture, it has constructed a notorious intellectual case against it as well. The French spend hundreds of millions of dollars subsidizing film production, extend interest-free loans to designated filmmakers, and have placed quotas not only on imports but on television time. Tyler Cowen

Time Culture Spend France Hundreds Television Case Only Constructed French Well Built Imports Dollars Intellectual American Bureaucratic American Culture Placed Against Production Notorious Barrier Film Extend Millions Millions Of Dollars Filmmakers Loans

A bad or mediocre meal is more than just an unpleasant taste, it is an unnecessary negation of one of life's pleasures - a wasted chance to refine our palates, learn about the world, and share a rewarding experience. Tyler Cowen

Life Experience World Meal Negation Our Pleasures Unnecessary Bad Unpleasant About More Share Learn Refine Than Taste Just Rewarding Rewarding Experience Wasted Chance Mediocre

Vietnamese food has probably been saved from the mass market because most people never master the sauces and condiments that must be added to the food, at the table, for its glories to become apparent. It's too much trouble, and a lot of people don't like asking for help, especially if the interaction involves some linguistic awkwardness. Tyler Cowen

Food People Too Much Trouble Master Become Saved Too Added Market Must Table Some Never Mass Mass Market Like Most Involves Because Been Lot Linguistic Interaction Much Asking Vietnamese Help Apparent Awkwardness

In the early stages of negotiation software, on your smartphone, there may be programs that listen to the pitch of a voice, or that test for stress. You'll just ask the program, 'Was he lying? Was he eager to do business with me?' Maybe the computer will be right sixty per cent of the time. Tyler Cowen

Time Me You Business Stress Will Lying Programs Software Negotiation Per Voice Computer He Test Pitch Listen May Maybe Just Sixty Stages Cent Ask Your Eager Right Early Program

I don't really watch TV. Tyler Cowen

TV Really Watch

Look at electricity in human history - it took a few decades for electricity to really revolutionize the American economy. And the Internet will be the same. At some point in the future, we will arrive at a new era of low-hanging fruit. Tyler Cowen

Future History Fruit Internet Will Few Took Some Point New Economy Look New Era Era Arrive Decades American Revolutionize Same Human American Economy Human History Really Electricity

Throwing more science at things isn't always the answer. Tyler Cowen

Science More Throwing Answer Always Things

I'm a pessimist about the euro, but not about Europe. So the southern periphery, Spain, Italy, Greece, leave - Italy might be the first to go - and the rest stay. That will work just fine. But unless they want to give up democracy, I don't see greater fiscal union as the answer. Tyler Cowen

Work Democracy Will Rest First Pessimist Unless Stay Fine See Be The First About Give Periphery Greater Answer Fiscal Leave Go Italy Up Greece Southern Just Want Spain Might Euro Union Europe

Tyler Cowen Quotes

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