2214 quotes by economists for you to enjoy

The fact that people are dropping out of the labour force says one of two things: either employers have no use for them, or they have no use for the jobs that are being offered at the wages they can command. David Autor

People Says Out Jobs Fact Dropping Employers Force Wages Command Offered Labour Being Either Them Use Things Two

I did a lot of blue collar work. I also worked as a temp. I did, you know, light construction and cleaning. I did clerical temping. I also fix cars and motorcycles and electronics. David Autor

Work You Cleaning Construction Light Car Collar Know Clerical Also Lot Motorcycles Fix Did Blue Blue-Collar Worked Electronics

I'm a professor of economics and associate head of the MIT Department of Economics. David Autor

Economics Head MIT Department Professor Associate

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers. David Autor

Welfare Settings Markets Both Terms Sellers Efficient Maximizing Many Buyers

Labor is getting a shrinking slice of a pie that's not growing very much. David Autor

Slice Pie Very Labor Getting Much Growing Shrinking

Computers were programmed to swap out error-prone, inconsistent human calculation with digital perfection. David Autor

Digital Out Computers Perfection Calculation Were Human Swap Inconsistent Programmed

Workers and jobs are naturally heterogeneous, and the quality of their interaction when paired is difficult to forecast. David Autor

Quality Difficult Jobs Forecast Interaction Workers Naturally

Jobs can change a lot without there being huge changes in employment rates. David Autor

Change Changes Jobs Rates Employment Without Lot Huge Being

One would expect that a surge of new automation opportunities in highly paid work would catalyze a surge of corporate investment in computer hardware and software. Instead, the opposite occurred. David Autor

Work Opportunities Automation Software Corporate Would Computer Investment Instead Highly New Occurred Surge Opposite Expect Paid Hardware

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems. David Malpass

Commitment Money Financial Inflation Problems Rates More Layers Fed Clear Instead Unstable Powerful Make Underlying Reduce Trading Encourages Fix Stable Bigger Interest Interest Rates Should Meanwhile Derivatives Regulation Momentum Washington Swings Growth Champions

It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform. David Malpass

World Our Corporate System Rate Terms Because Block Up Reform Tax Place Tax Rate Tax Reform Last Set Coincidence

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses. David Malpass

Mistake Financial Job Mistakes Single Resolve Assumption Panic Job Losses Would Brothers Bear Could Had Without Losses Led Bankruptcy Biggest Biggest Mistake Epidemic Series Washington

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it. David Malpass

Government Win Politicians Pay Spending Promised Neither Cost Obligated Wrong Generations Practically Leaving Covered Nor Government Spending Off Up Debt Endless Stop Plan Taxpayers Elections Europe

While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired. David Malpass

Service Government Business Challenges Will Partner Forcing Become Own Silent Risk Small Small Businesses Facing Results Fired Taking Over Majority Without Repeatedly Effect Huge Expansion Lip Lip Service Often While Decisions Chooses Businesses Pays Many Washington Profits

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt. David Malpass

Failure Law Hurts National Our Spending Books Has-Been Abject More Rating Purpose Misleading Name Limit Limiting Reducing Still Been National Debt Debt Debt Limit Serve Credit Credit Rating Started

Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration. David Ricardo

The exchangeable value of all commodities, rises as the difficulties of their production increase. David Ricardo

Value Difficulties Increase Rises Commodities Production

After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated. David Ricardo

As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity. David Ricardo

Great Value Additional High Price He Raw Well Him Quantity Revenue May Interested Low Landlord Produce Realized Farmer

By far the greatest part of those goods which are the objects of desire, are procured by labour; and they may be multiplied, not in one country alone, but in many, almost without any assignable limit, if we are disposed to bestow the labour necessary to obtain them. David Ricardo

Alone Country Those One Country Bestow Objects Part Almost Goods Obtain Limit Without Greatest Labour Any May Which Them Procured Far Many Necessary Desire

Quotes by Economists