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Quotes by Economists
I was a good student with mathematical ability and interests. As such, I took the usual college preparatory program in high school for one looking to become an engineer: all the available courses in mathematics and science.
Dale T. Mortensen
Mathematics
Good
Science
School
Engineer
College
Looking
Become
Took
High
Ability
High School
Good Student
Student
Courses
Mathematical
Available
Interests
Preparatory
Usual
Program
The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents.
Dale T. Mortensen
Economics
Case
Area
Featured
Joined
Individual
Emphasized
Developments
New
Decade
Models
Information
Which
Agents
Across
Theory
Search
Need
Gather
Too many African countries have already hit rock-bottom - ungoverned, poverty-stricken, and lagging further and further behind the rest of the world each day; there is nowhere further to go down.
Dambisa Moyo
Day
World
Rest
Down
Too
Further
Countries
Go
Hit
Behind
African
Many
Each
Each Day
Nowhere
I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation.
Dambisa Moyo
Poverty
Aid
Analyze
Consistently
Weaknesses
Economic
Economic Growth
Deliver
Failed
Study
Policies
Understand
Years
Up
Inherent
Dedicated
Many
Why
Growth
Level
Under the all-encompassing aid system, too many places in Africa continue to flounder under inept, corrupt and despotic regimes who spend their time courting and catering to the demands of the army of aid organizations.
Dambisa Moyo
Time
Army
Too
Aid
Spend
Despotic
System
Corrupt
Demands
Catering
Inept
Courting
Continue
Africa
Places
Regimes
Organizations
Who
Many
The fact of the matter is that instead of going around the world and haranguing countries for engaging with China, the West should be encouraging its own businesses to trade and invest in these regions.
Dambisa Moyo
World
Matter
Own
Fact
Invest
Instead
Countries
Around
Trade
West
Encouraging
Going
China
Regions
Should
Engaging
Businesses
I would say issues around human rights - either you're going to take a hard stance, or you're not. You can't borrow money from China the way the U.S. has done and then turn around and say, 'But you've got a human-rights problem.' You can't be half pregnant.
Dambisa Moyo
You
Rights
Problem
Money
Half
Human Rights
Way
Say
Would
Borrow
Take
Around
Got
Issues
Done
Going
Human
Either
China
Turn
Pregnant
Then
Stance
Hard
If I go to Singapore, I have friends there. If they came to Zambia, they'd feel the same way. I've made connections, and I have friends in many, many countries.
Dambisa Moyo
Made
Way
Feel
Countries
Singapore
Came
Go
Friends
Same
Many
Connections
I don't think my background in Zambia has really affected my lens because my classical training has been Western-style. But it's fantastically fortuitous to have been born African because I don't feel I have a vested interest to the U.S. or China or wherever.
Dambisa Moyo
Training
Think
Background
Has-Been
Born
Classical
Feel
Because
Affected
Been
Vested
Vested Interest
African
Wherever
China
Interest
Lens
Really
Fortuitous
This is my favourite thing about being raised in Africa: we don't do labels very well; we don't do this, 'Oh, you're a Democrat; oh, you're a Republican.' Because we live in the real world.
Dambisa Moyo
You
World
Live
Favourite
About
Democrat
Well
Because
Real
Labels
Very
Oh
Africa
Being
The Real World
Real World
Republican
Thing
Raised
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
Dambisa Moyo
World
Pure
Free
Country
Economics
Single
Live
Approaches
Market
Way
Markets
Would
Would-Be
Only
Free Market
Free Markets
Could
Had
Supporter
Like
Exists
Textbooks
Very
Much
Capitalist
Choice
Actually
'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa.
Dambisa Moyo
Poverty
Aid
Programs
About
Economic
Economic Growth
Dead
Limitations
Reducing
Africa
Creating
Large-Scale
Growth
This is a great continent. I went to primary school on this continent, secondary school, university. I've worked on this continent, and I think that it's a great disservice that, for whatever reason, people have usurped an imagery of Africa that is absolutely incorrect.
Dambisa Moyo
Great
People
School
Whatever
Think
Secondary
Disservice
Secondary School
Absolutely
Primary
Primary School
Continent
Africa
Worked
Reason
Usurped
Imagery
Incorrect
University
Many Africans succumb to the idea that they can't do things because of what society says. Images of Africa are negative - war, corruption, poverty. We need to be proud of our culture.
Dambisa Moyo
War
Corruption
Culture
Negative
Poverty
Society
Our
Says
Idea
Because
Proud
Africa
African
Succumb
Many
Things
Images
Need
I'll make a general comment about this whole dependence on 'celebrities.' I object to this situation as it is right now, where they have inadvertently or manipulatively become the spokespeople for the African continent.
Dambisa Moyo
Become
Situation
Object
About
General
Make
Continent
Comment
Celebrities
Dependence
African
Where
Inadvertently
Whole
Now
Right
The World Bank can only survive if it's spending money.
Dambisa Moyo
World
Money
Spending
Spending Money
Only
Survive
Bank
World Bank
Honesty is a complex and tricky thing, and we don't want to be honest all the time.
Dan Ariely
Time
Honesty
Honesty Is
To Be Honest
Complex
Tricky
Want
Thing
Honest
We talk about honesty, but the reality is we have lots of human values, and they are not all compatible. We don't always tell the truth about everything, no matter what the consequences.
Dan Ariely
Truth
Reality
Honesty
Matter
Values
Consequences
Everything
Tell
About
Talk
Always
Lots
Human
Human Values
Compatible
Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
Dan Ariely
Time
Good
Made
Good Time
Mistakes
Re-Examine
Come
Disasters
Done
Far
Next
Should
In terms of the actual curriculum for management education, my own view is very simple-minded: The world is incredibly complex, it changes all the time, and we should not even hope that we could create a general model that accurately describes the world in all its possible states.
Dan Ariely
Education
Hope
Time
Management
World
Own
Changes
Incredibly
States
Complex
Possible
General
My Own
Could
Terms
Very
Model
Accurately
Curriculum
Create
Should
View
Even
Actual
What kind of people would be able to rationalize better than other people? Better storytellers, right? Creative people, right? Because if you're creative, you find more ways to cheat and still yourself a story about why this is okay.
Dan Ariely
You
Creative
Yourself
People
Better
Other
Ways
Okay
Kind
Would
Would-Be
Find
Able
About
More
Rationalize
Cheat
Because
Still
Than
Story
Storytellers
Creative People
Why
Right
We should teach the students, as well as executives, how to conduct experiments, how to examine data, and how to use these tools to make better decisions.
Dan Ariely
Better
Tools
Examine
Data
Students
Well
Make
Executives
How
Conduct
Experiments
Decisions
Should
Teach
Use
I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?
Dan Ariely
Mistakes
Market
Bit
Would
Instead
Always
Odd
Fix
Gods
Them
Aggravating
Appeal
Found
Why
While we somehow understand revenge on an intuitive level between individuals, I do suspect that companies, assuming that people are rational, completely miss and underestimate the motivation people have for revenge.
Dan Ariely
People
Revenge
Assuming
Intuitive
Somehow
Rational
Individuals
Miss
Between
Underestimate
Understand
Motivation
Suspect
While
Companies
Level
The Left likes to think of itself as the bulwark of progressive liberal individualism, and yet it seeks to progressively coerce others to fund every social program under the sun via majority rule.
Dave Brat
Every
Think
Others
Liberal
Progressive
Rule
Sun
Seeks
Individualism
Likes
Majority
Bulwark
Left
Itself
Via
Social
Fund
Coerce
Program
Everyone's for free markets except when it affects your own business.
Dave Brat
Business
Free
Own
Everyone
Markets
Free Markets
Except
Affects
Your
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