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Quotes by Economists
Most people hugely underestimate the amount of 'empty space' we have in our country. Fly over the U.K., and you see that human settlement does not fill up the U.K. at all. It accounts for something of the order of 15 per cent of the landmass.
Evan Davis
You
People
Space
Fly
Country
Empty Space
Settlement
Our
See
Per
Something
Over
Underestimate
Most
Empty
Does
Up
Accounts
Hugely
Human
Order
Cent
Fill
Amount
We should not only look at the short-term economic benefits of fossil fuels but also at the bad news for climate change. We should therefore not greet the fossil fuel age unconditionally.
Fatih Birol
News
Change
Age
Benefits
Bad
Only
Bad News
Economic
Economic Benefits
Unconditionally
Look
Also
Climate
Climate Change
Greet
Short-Term
Fuel
Fuels
Should
Fossil
Fossil Fuel
Therefore
Fossil Fuels
Renewable energy is no longer a niche fuel.
Fatih Birol
Energy
Longer
Renewable
Renewable Energy
Fuel
Niche
Strong policies and innovation can make the difference for energy security, climate change, air quality, and universal access to modern energy services in parallel - in short, building a secure, affordable, sustainable energy system that is available to all.
Fatih Birol
Change
Quality
Innovation
Strong
Building
Energy
Air
System
Secure
Security
Parallel
Make
Policies
Access
Climate
Climate Change
Affordable
Modern
Short
Difference
Sustainable
Available
Energy Security
Services
Universal
I always thought that using more efficient energy sources, pushing the clean energy technologies such as renewable energies are important.
Fatih Birol
Thought
Important
Energy
More
Clean
Clean Energy
Pushing
Renewable
Always
Sources
Efficient
Energies
Energy Sources
Using
Technologies
Energy is a linchpin of economic prosperity, with energy security, reliability, and affordability key preconditions for sustainable growth.
Fatih Birol
Key
Prosperity
Energy
Reliability
Security
Economic
Economic Prosperity
Sustainable
Energy Security
Growth
The energy sector presents exceptional opportunities for governments and investors.
Fatih Birol
Opportunities
Energy
Sector
Exceptional
Investors
Governments
Presents
When a person from a community goes and buys a car, he or she should have the incentive, financial incentive, to buy a more efficient, more environment-friendly car. This shouldn't be only left to the intention of the people. We cannot only rely on the ethics or the moral of the people.
Fatih Birol
Buy
People
Financial
Ethics
Car
Community
We Cannot
Moral
More
Only
Rely
He
He Or She
She
Left
Efficient
Person
Goes
Intention
Cannot
Should
Incentive
Buys
Humanity's future, to say nothing of its prosperity, will depend on how the world tackles two central energy challenges: securing reliable supplies of affordable energy and switching to efficient low-carbon energy.
Fatih Birol
Future
Challenges
Humanity
World
Prosperity
Will
Depend
Energy
Nothing
Say
Reliable
Supplies
How
Efficient
Affordable
Central
Switching
Two
I think, for OPEC, the main challenge is to have a price level which brings good profits to them, good incentives for the investments, but at the same time, to prevent prices going to very high levels.
Fatih Birol
Time
Good
Challenge
Think
High
Prevent
Price
Prices
Main
OPEC
Investments
Very
Same
Going
Same Time
Which
Them
Incentives
Level
Profits
Levels
Brings
The golden era for coal is over.
Fatih Birol
Over
Era
Golden
Coal
I love football, and I love my work.
Fatih Birol
Work
Love
Football
We should not cling to crude down to the last drop - we should leave oil before it leaves us.
Fatih Birol
Drop
Before
Down
Crude
Leave
Leaves
Cling
Oil
Us
Should
Last
The developed, oil-consuming countries can do several things to ease the transition to the new energy order. One would be to boost vehicle efficiency.
Fatih Birol
Energy
Several
Ease
Boost
Would
Would-Be
Developed
Vehicle
Countries
New
Efficiency
Order
Transition
Things
India needs three things for its energy sector: investment, investment, and investment.
Fatih Birol
Needs
Three
Energy
Sector
India
Investment
Things
The rationale for tenure is still valid. But the system has turned the academy into one of the most conservative and costly institutions in the country. Yes, conservative: Economists joke that their discipline advances one funeral at a time, but many fields must wait for wholesale generational turnover before new approaches take hold.
Francis Fukuyama
Time
Conservative
Discipline
Wait
Joke
Country
Before
Valid
Approaches
System
Must
Costly
Rationale
Take
Advances
Generational
Tenure
New
Economists
Institutions
Most
Academy
Still
Yes
Hold
Fields
Turned
Turnover
Many
Wholesale
Funeral
I'm basically an optimist because I do think there's this historical modernisation process, and by and large it's been very beneficial to people. But there are blips. History doesn't proceed in a linear way.
Francis Fukuyama
History
People
Think
Beneficial
Way
Because
Been
Linear
Historical
Very
Optimist
Proceed
Process
Large
Basically
In general, Americans are not very good at nation-building and not very good colonialists.
Francis Fukuyama
Good
General
Nation-Building
Very
American
I've figured out in the course of my life that the one thing I'm good at doing is writing books, and it would be crazy to trade that in for something else.
Francis Fukuyama
Life
Good
Crazy
Writing
My Life
Else
Books
Out
Would
One Thing
Would-Be
Something
Something Else
Course
Trade
Doing
The One Thing
Figured
Thing
I'm a tenured professor. But I'd get rid of tenure.
Francis Fukuyama
Tenure
Get
Rid
Professor
Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.
Franco Modigliani
Science
Disagree
Value
Economics
Judgment
About
Economic
Had
Economic Policy
Disagreements
Economists
Policy
Because
Famous
Agree
Profound
Milton
The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.
Franco Modigliani
Good
You
Feel Good
Pay
Deficit
Later
Immediate
Trip
Feel
Like
Until
Make
Makes
Go
Effect
Get
Hangover
Then
There is no sense in making statements that will not continue to be true after they are made.
Frank Knight
Will
Made
Be True
Sense
Statements
No Sense
True
Making
Continue
After
The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing in the respect described, that it will behave in future situations as it has in past.
Frank Knight
Future
Saying
Respect
Will
Past
Same Thing
Preserves
Assumption
Possibility
About
Rests
Identity
Behave
Same
Situations
Anything
Thing
All science is static in the sense that it describes the unchanging aspects of things.
Frank Knight
Science
Sense
Static
Unchanging
Aspects
Things
Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest.
Frank Knight
Rest
Differences
Response
Obliterate
Higher
Price
Tending
Points
Come
Goods
Move
Difference
Movement
Low
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