2214 quotes by economists for you to enjoy

A country that cannot feed itself cannot have self-pride, and in the mid-'60s 20 percent of all the wheat produced in America came into India. We were agriculturally a basket case. And 15 years later, 20 years later, we have become an agricultural power. This is the famous Green Revolution. Jairam Ramesh

It became clear I wanted to be a development economist. I mean, I said I wanted to work on the economics of poor countries. And I'd actually say that I don't think that was so much about narrowing the gap as about increasing their incomes, which means economic growth, which is really my prime interest. James Mirrlees

Work Economics Think Increasing Say About Economic Economic Growth Clear Development Prime Countries Economist Became Said Wanted Which Interest Mean Poor Poor Countries Much Really Means Gap Incomes Actually Growth

When we seed millions of acres of land with these plants, what happens to foraging birds, to insects, to microbes, to the other animals, when they come in contact and digest plants that are producing materials ranging from plastics to vaccines to pharmaceutical products? Jeremy Rifkin

Plants Insects Animals Other Birds Digest Seed Contact Come Materials Happens Land Acres Producing Products Pharmaceutical Millions Vaccines

The process by which banks create money is so simple that the mind is repelled. John Kenneth Galbraith

Money Simple Mind Repelled Banks Process Which Create

Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom. John Kenneth Galbraith

Of all classes the rich are the most noticed and the least studied. John Kenneth Galbraith

Rich Classes Studied Most Least Noticed

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be. John Maynard Keynes

Apt Opinion Discovering American Interested Average Believes

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. John Perkins

Mind Country Our Latin Latin American About No Question Never Investigators Come Most Course Conclusion Heard Question American Same Sanctioned Many

President Trump sees the world in transactional and zero-sum terms - if something is good for China, it must be bad for the U.S. By contrast, economists see the world in much more nuanced ways: if globalization is well-managed, it can be a positive-sum game, where both the U.S. and China gain; if it is badly managed, it can be negative-sum. Joseph Stiglitz

Good Game World President President Trump Ways Bad Must See Something More Sees Both Badly Economists Terms Globalization Trump Contrast Where Gain China Much Zero-Sum

It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy. Joseph Stiglitz

With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity. Joseph Stiglitz

Too many countries of the former Soviet bloc remain under the control of authoritarian leaders, including some, like the Russian president, Vladimir Putin, who have learned how to maintain a more convincing facade of elections than their communist predecessors. Joseph Stiglitz

Control Too President Facade Some Russian More Remain Putin Leaders Maintain Countries Like Learned How Than Authoritarian Soviet Predecessors Former Elections Convincing Communist Who Many Including

New technologies and approaches are merging the physical, digital, and biological worlds in ways that will fundamentally transform humankind. The extent to which that transformation is positive will depend on how we navigate the risks and opportunities that arise along the way. Klaus Schwab

Positive Risks Opportunities Digital Will Depend Transformation Worlds Approaches Way Ways Physical Arise Merging New Along How New Technologies Transform Which Navigate Biological Fundamentally Humankind Technologies Extent

Profitability, growth, and safeguards against existential risks are crucial to strengthening a company's long-term prospects. But if these three factors constitute a company's 'hard power,' firms also need 'soft power': public trust and acceptance, won by fulfilling a company's social responsibility. Klaus Schwab

Risks Trust Acceptance Responsibility Three Power Constitute Factors Crucial Long-Term Prospects Also Safeguards Existential Won Against Public Social Fulfilling Hard Social Responsibility Company Public Trust Growth Profitability Strengthening Need Soft

In the history of the world, no one has ever washed a rented car. Lawrence Summers

History World Car No-One The History Of Washed Ever

I never, never in my life took a course in economics. Lloyd Shapley

Life My Life Economics Took Never Course

Economically considered, war and revolution are always bad business. Ludwig von Mises

Finance War Business Revolution Considered Bad Economically Always

All the analysis of infinite reality which the finite human mind can conduct rests on the tacit assumption that only a finite portion of this reality constitutes the object of scientific investigation, and that only it is 'important' in the sense of being 'worthy of being known.' Max Weber

One man's opportunism is another man's statesmanship. Milton Friedman

Man Statesmanship Another

I began my career as an economics professor but became frustrated because the economic theories I taught in the classroom didn't have any meaning in the lives of poor people I saw all around me. I decided to turn away from the textbooks and discover the real-life economics of a poor person's existence. Muhammad Yunus

Me People Economics Saw All-Around Classroom Economic Became Because Around Discover Existence Textbooks Began Person Any Taught Decided Frustrated Poor Turn Meaning Poor People Theories Away Lives Professor Career

Quotes by Economists