2214 quotes by economists for you to enjoy

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame. Glenn Hubbard

Positive Financial Think Intervene President Market President Obama Positive Way Way Financial Crisis Crisis Obama Shame Attempt Housing Housing Market Been Any Done Avoided Basically

Compared with members of other nations of Western civilization, the ordinary American is a rationalistic being, and there are close relations between his moralism and his rationalism. Even romanticism, transcendentalism, and mysticism tend to be, in the American culture, rational, pragmatic and optimistic. Gunnar Myrdal

Culture Other Relations Members Civilization Rational Rationalism Tend Mysticism Between Pragmatic His Western Western Civilization Optimistic Close American American Culture Nations Being Romanticism Ordinary Even Compared

The Negro problem, like all other political problems, is fundamentally a moral issue. This is realism, not idealism. Those of my colleagues who believe that they are particularly 'hard boiled' because they overlook the fact that human beings are struggling for their consciences are simply unrealistic. Gunnar Myrdal

Problem Political Problems Believe Other Those Colleagues Moral Moral Issue Unrealistic Struggling Fact Simply Idealism Like Particularly Because Overlook Issue Human Human Beings Realism Hard Who Beings Fundamentally

To the great majority of white Americans, the Negro problem has distinctly negative connotations. It suggests something difficult to settle and equally difficult to leave alone. It is embarrassing. It makes for moral uneasiness. Gunnar Myrdal

Alone Great Problem Negative White Difficult Settle Embarrassing Moral Great Majority Something Majority Equally Makes Leave American Connotations

In my family, we don't die till we're 100 years old. Gunnar Myrdal

Family Old Till Years Die

The use of the Internet, the use of Twitter, the way protest movements developed... This is a different world. Gus O'Donnell

World Internet Twitter Way Developed Protest Movements Different Use Different World

Gone are the days when the upper classes were terrified of the angry mob wanting to smash their skulls and confiscate their properties. Now their biggest enemy is the army of lazy bums, whose lifestyle of indolence and hedonism, financed by crippling taxes on the rich, is sucking the lifeblood out of the economy. Ha-Joon Chang

Angry Army Enemy Gone Rich Financed Crippling Out Classes Properties Lifeblood Lifestyle Lazy Indolence Smash Days Economy Terrified Were Mob Bums Upper Wanting Biggest Taxes Sucking Now Whose

By liberating women from household work and helping to abolish professions such as domestic service, the washing machine and other household goods completely revolutionised the structure of society. Ha-Joon Chang

Work Service Women Society Other Liberating Machine Abolish Structure Goods Household Domestic Helping Washing Washing Machine Professions

In the 19th century, a lot of people were against outlawing child labour, because to do so would be against the very foundations of a free market economy: 'These children want to work, these people want to employ them... what is your problem? It's not as if anyone has kidnapped them...' Ha-Joon Chang

Work People Problem Free Market Market Economy Kidnapped Would Would-Be Free Market Economy Employ Because Were Lot Very Child Labour Children Want Anyone Against Them Century Your Foundations

People always think they're in the middle of a revolution while they tend not to realize the enormity of a change that has happened in the past. The telegraph was a revolution, but who looks at it that way these days? The telegraph sped up the transportation of messages over long distances by a huge factor. Ha-Joon Chang

Change People Long Past Revolution Think Enormity Distances Telegraph Way Tend Factor Over Days Messages Looks Always Huge Up Middle Happened In The Past While Realize Transportation Who

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive. Ha-Joon Chang

Political Free Intervention Beneficial Market Circumstances Minimum Minimum Wage See More Economic Free Market Mere Economists Makes Frequently Wage Wages However Legislation Decent Which Workers Certain Productive Show Theories

I don't drink at lunchtime because I'm very weak at alcohol like most Asians. Ha-Joon Chang

Alcohol Weak Drink Like Most Because Very Asians Lunchtime

Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we'd have no tax havens in the world. Ha-Joon Chang

World Rich Down Way Haven Allow Countries Come Cuba Because Trade Came Exist Iran Same Tax Them Rich Countries Why

When we assess the impact of technological changes, we tend to downplay things that happened a while ago. Ha-Joon Chang

Changes Impact Tend Happened While Downplay Assess Things Technological

I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.' Ha-Joon Chang

Me Market Markets Worst Though Colleagues Tell Would Outcomes Abuse Economists Most Accept Am According Than Crank Us Much Successful Dismiss Who Professional Keener Among

Imagine if all those kings and dukes hadn't commissioned those crazy cathedrals, paintings and music... we'd still be living in sticks and mud. Because none of those things made any economic sense. Human beings' capacity to 'waste time' is a miracle - but that's exactly what art is for. Ha-Joon Chang

Music Art Time Crazy Made Sense Waste Time Living Those Exactly Exactly What Kings Miracle Economic Cathedrals Because Sticks None Still Commissioned Any Human Human Beings Capacity Mud Beings Paintings Waste Things Imagine

What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy. Ha-Joon Chang

Without there being some national strategy, it is difficult for educators to know what kinds of engineers or technicians to produce and for potential students to know what professions to study for. Ha-Joon Chang

National Strategy Difficult Kinds Some Potential Students Study Know Without Educators Being Produce Engineers Professions Technicians

Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment. Ha-Joon Chang

Money Financial Lost Few Top Those Punished Out Jobs Run Pension Had Failures Industrial Mostly Been Yes Very Handsome Managers Public Payment Who Companies Many Fat

It is one thing to tell the citizens of some faraway country to go to hell, but it is another to do the same to your own citizens, who are supposedly your ultimate sovereigns. Ha-Joon Chang

Country Own Hell Tell Citizens One Thing Some Supposedly Another Go Ultimate Go To Hell Same Faraway Your Who Thing

Few countries have become rich through free-trade, free-market policies, and few ever will. Ha-Joon Chang

Will Become Few Rich Through Countries Policies Ever

Quotes by Economists