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Quotes by Economists
Quotes by Economists
My brother Carl became a physicist; I became an economist.
George Akerlof
Brother
Physicist
Economist
Became
Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.
George Akerlof
Market
Characteristics
Rarely
Constructed
Economic
Institutions
Prior
Models
Unique
Capture
Specific
Early
Parents don't take a baby's temperature to decide whether the room is too warm; likewise, for global warming, we need a story that spurs us to do what is necessary.
George Akerlof
Parents
Too
Baby
Temperature
Take
Global
Global Warming
Likewise
Spurs
Decide
Story
Whether
Room
Warm
Warming
Us
Necessary
Need
Mugabe's become a disgrace to Africa. And I must say this because I am an African and a lot of us looked up to him back in the 1980s when he was the liberation hero. But he's now turned himself into a murderous despot.
George Ayittey
Hero
Become
Back
Despot
Say
Liberation
Must
He
Looked
Him
Himself
Because
Am
Lot
Up
Disgrace
Africa
African
Turned
Us
Now
The 'Cheetah Generation' refers to the new and angry generation of young African graduates and professionals, who look at African issues and problems from a totally different and unique perspective.
George Ayittey
Angry
Generation
Problems
Perspective
Young
Totally
New
Look
Issues
Graduates
African
Different
Who
Unique
Professionals
What you and I understand as a government doesn't exist in many African countries. In fact, what we call our governments are vampire states. Vampires because they suck the economic vitality out of their people. Government is the problem in Africa.
George Ayittey
Government
You
People
Problem
Our
States
Out
Vampire
Vampires
Vitality
Economic
Fact
Countries
Call
Because
Understand
Exist
Governments
Africa
African
In Fact
Suck
Many
The reason why Botswana has done very well is because it's the only black African country which went back to its roots and built upon its own indigenous institutions.
George Ayittey
Black
Country
Own
Back
Indigenous
Only
Institutions
Well
Because
Built
Very
Done
African
Which
Roots
Reason
Why
There was free trade in Africa. There was free enterprise in Africa before the colonialists came.
George Ayittey
Free
Before
Enterprise
Free Enterprise
Free Trade
Trade
Came
Africa
Across Africa there is what I call a colonialist mentality or orthodoxy. Orthodoxy in the sense that a lot of things have gone wrong in Africa in the post-colonial period. And time and time again, any time something went wrong, the leadership claims that it was never their fault.
George Ayittey
Time
Leadership
Fault
Sense
Gone
Claims
Something
Mentality
Never
Wrong
Period
Call
Time And Time
Lot
Any
Africa
Again
Across
Things
Orthodoxy
African history is filled with experiences of people shooting their way to power and then splintering into factions, like in Somalia and Liberia.
George Ayittey
History
People
Power
Way
Somalia
Factions
Like
Shooting
African
Experiences
Then
Filled
Africa has more dictators per capita than any other continent.
George Ayittey
Other
Per
More
Continent
Dictators
Than
Any
Africa
Africa's salvation doesn't lie in begging and begging for more aid, and as an African, I find it very, very humiliating.
George Ayittey
Lie
Aid
Humiliating
Find
More
Very
Begging
Salvation
Africa
African
The solutions to Africa's problems lie in Africa, not in Live Aid concerts.
George Ayittey
Lie
Problems
Live
Aid
Solutions
Concerts
Africa
There's a belief that since Africa got a raw deal from the colonial West, then the Chinese must be Africa's best friend. But the evidence doesn't show that, and the main criticism is that they are building infrastructure in exchange for Africa's resources in deals that are structured to favor China.
George Ayittey
Best
Criticism
Building
Resources
Evidence
Favor
Must
Best Friend
Structured
Colonial
Exchange
Main
Raw
Since
Deal
Deals
Got
West
Friend
Africa
China
Chinese
Infrastructure
Then
Show
Belief
Radio is the death and life of Africa.
George Ayittey
Life
Death
Africa
Radio
Unlike their Western counterparts, Africans take elections very seriously - rising up early to queue patiently in line for hours under the hot sun and cast their ballots. Any misguided attempt to nullify or steal their votes will evoke a strong reaction from them.
George Ayittey
Strong
Seriously
Will
Unlike
Sun
Evoke
Rising
Steal
Cast
Take
Attempt
Misguided
Counterparts
Hot
Votes
Hours
Reaction
Line
Ballots
Western
Queue
Up
Very
Any
Patiently
African
Them
Elections
Early
Just because a group does not take its decisions by voting does not mean they have no understanding of the essence of democracy.
George Ayittey
Democracy
Voting
Understanding
Group
Take
Because
Does
Essence
Just
Just Because
Decisions
Mean
Virtually all of Africa's civil wars were started by politically marginalized or excluded groups.
George Ayittey
Virtually
Civil
Civil Wars
Excluded
Were
Politically
Africa
Wars
Groups
Marginalized
Started
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.
George Reisman
Property
Socialism
Loss
Therefore
Slaves
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.
George Stigler
Me
Quality
Economics
Before
Minds
Later
Those
Strongly
Never
Had
Although
Quarters
Issues
Were
Encountered
Ferment
Intellectual
Chicago
Very
Close
Times
Department
Different
Influenced
Central
Two years later, I went to the University of Minnesota from which I was on leave for several years during the war as a member of Statistical Research Group at Columbia University.
George Stigler
War
Research
Group
Later
Several
Member
Statistical
Minnesota
Columbia
Columbia University
Leave
Years
Which
Two
University
The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.
George Stigler
Challenges
Competition
Behavior
Challenge
Hundreds
Hundreds Of Thousands
Complex
Intricate
Citizens
Thousands
Delicate
Economic
Physicist
Economist
Perhaps
Chemist
Stockholm
Offers
Pattern
Cooperation
My main graduate training was received at the University of Chicago from which I received the Ph.D. in 1938.
George Stigler
Training
Main
Chicago
Graduate
Which
Received
University
My interests were aroused, and my faith in the cliches of the subject destroyed, as so often with other subjects, by the discussions with my friend, Aaron Director.
George Stigler
Faith
Director
Other
Destroyed
My Friend
Cliches
Aroused
Were
Subject
Subjects
Friend
Discussions
Often
Interests
I attended schools in Seattle through the University of Washington, from which I was graduated in 1931. I spent the next year at Northwestern University.
George Stigler
Year
Spent
Through
Attended
Schools
Graduated
Northwestern
Which
Next
Next Year
Washington
Seattle
University
After the war, I returned to Minnesota, from which I soon moved to Brown University, and a year later, to Columbia University where I remained from 1947 until 1958.
George Stigler
War
Year
Later
Minnesota
Brown
Remained
Columbia
Columbia University
Soon
Until
Returned
Year Later
Moved
Where
After
Which
University
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