Quotes by Economists

When citizens believe that the elite care more about those across the ocean than those across the train tracks, insurance has broken down, we divide into factions, and those who are left behind become angry and disillusioned with a politics that no longer serves them. Angus Deaton
Politics Angry Broken Care Become Ocean Down Believe Those Citizens About More Divide Factions Longer Tracks Insurance Left Train Than Behind Disillusioned Them Across Who Serve Elite
Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity. Arthur Laffer
Alone Government You Prosperity Spending Never Look Himself Heard Government Spending Person Poor Taxation Taxing
I find that the three major administrative problems on a campus are sex for the students, athletics for the alumni and parking for the faculty. Clark Kerr
Problems Sex Three Administrative Find Athletics Parking Students Faculty Major Alumni Campus
I was born and raised in Zambia in 1969. At the time of my birth, blacks were not issued birth certificates, and that law only changed in 1973. Dambisa Moyo
Time Law Changed Birth Born Blacks Only Were Raised
The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world. Dambisa Moyo
Today World Political Myth Poverty Increased Aid Systemic Has-Been Alleviate Economic Misery Developing Developing World Disaster Most Parts Because Been Ended Done Africa Poorer Notion Humanitarian Millions
Even the most analytical thinkers are predictably irrational; the really smart ones acknowledge and address their irrationalities. Dan Ariely
Smart Analytical Address Most Irrational Acknowledge Really Even Thinkers
There's always new work to do. Adjusting to the rapid pace of technological change creates real challenges, seen most clearly in our polarized labor market and the threat that it poses to economic mobility. Rising to this challenge is not automatic. It's not costless. It's not easy. But it is feasible. David Autor
Work Change Challenges Challenge Seen Market Our Adjusting Rapid Easy Threat Feasible Rising Economic Polarized Clearly New Most Always Real Mobility Labor Automatic Pace Creates Technological Poses
The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control. David Malpass
Government You Constitution Control Gone Think Way Out Would Trillion Given Only Could Federal Federal Government Federal Reserve Never Tenth Supposed Beyond Powers Said Gotten Were Amendment Explicitly Reserve Assets
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. David Ricardo
Class Judge Profit Correctly Rate Absolute Obtain Obtained Quantity Rent Wages Labour Either Produce Required
Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country. Edmund Phelps
Self-Respect Honesty Management Responsibility Country Practice Big Changes Corporate Must Restore Through Institute Economy Most Practices Governance Sake Were Banks Deceptive Shot Basic
In societies where one sees a higher prevalence of 'modern values' - individualism, vitalism and self-expression - there's also higher reported job satisfaction. Edmund Phelps
Job Values Prevalence Sees Higher Individualism Also Self-Expression Reported Modern Where Satisfaction Societies
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed. Edward C. Prescott
Depression Great Changed Market Great Depression Investment Institutions Industrial Employment Because Were Labor Low
Bureaucrats sometimes do not have the correct information, while citizens and users of resources do. Elinor Ostrom
Sometimes Resources Correct Citizens Bureaucrats Information While Users
No one likes doing chores. In happiness surveys, housework is ranked down there with commuting as activities that people enjoy the least. Maybe that's why figuring out who does which chores usually prompts, at best, tense discussion in a household and, at worst, outright fighting. Emily Oster
Happiness Best People Fighting Down Enjoy Worst Ranked Out Outright No-One Tense Likes Household Housework Does Least Doing Surveys Discussion Maybe Which Commuting Who Figuring Chores Activities Why
Markets work well with goods that economists call private goods. Eric Maskin
Work Markets Economists Goods Well Call Private
Men don't know much about women. We do know when they're happy. We know when they're crying, and we know when they're pissed off. We just don't know in what order these are gonna come at us. Evan Davis
Happy Women Men About Come Know Crying Off Just Order Gonna Us Much
Often the masses are plundered and do not know it. Frederic Bastiat
Know Masses Often
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. Friedrich August von Hayek
Natural Progress Some Exceeded Bound Course Arouse Sciences Limits Times Expectations Modern Any May Suspicion Modern Times Much Natural Sciences Suggestion
Industry entirely left to itself, would soon fall to ruin, and a nation letting everything alone would commit suicide. Friedrich List
Alone Fall Nation Suicide Ruin Everything Would Entirely Soon Industry Left Itself Commit Letting
America is the one rich country with the biggest slums, the least democratic and least developed health system, and the most niggardly attitude against its old people. Gunnar Myrdal
Attitude Health People Old Country Rich System Slums Developed Most Democratic Least America Biggest Against Old People
The choices we make lead up to actual experiences. It is one thing to decide to climb a mountain. It is quite another to be on top of it. Herbert A. Simon
Top One Thing Lead Make Another Climb Up Mountain Quite Experiences Decide Choices Actual Thing
Like Humpty Dumpty, we can make words mean anything we want them to mean. Herbert A. Simon
Words Like Make Want Anything Mean Them
There are no morals about technology at all. Technology expands our ways of thinking about things, expands our ways of doing things. If we're bad people we use technology for bad purposes and if we're good people we use it for good purposes. Herbert A. Simon
Good Technology People Bad People Good People Thinking Our Ways Bad About Morals Purposes Doing Use Things
Everyone designs who devises courses of action aimed at changing existing situations into preferred ones. Herbert A. Simon
Action Design Changing Everyone Courses Existing Situations Preferred Who Designs
To deal with these problems - of world population and hunger, of peace, of energy and mineral resources, of environmental pollution, of poverty - we must broaden and deepen our knowledge of nature's laws, and we must broaden and deepen our understanding of the laws of human behavior. Herbert A. Simon
Environmental Nature Knowledge Peace World Behavior Problems Poverty Understanding Energy Our Resources Broaden Mineral Hunger Must Laws Deal Human Human Behavior Pollution Population Deepen
We must ensure that decisions we make today do not come back to haunt us tomorrow. Ildefonso Guajardo Villarreal
Today Tomorrow Back Ensure Must Haunt Come Make Decisions Us
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