2214 quotes by economists for you to enjoy

If we are really serious about preventing another crisis like the 2008 meltdown, we should simply ban complex financial instruments unless they can be unambiguously shown to benefit society in the long run. Ha-Joon Chang

Becoming an economist was not a childhood dream of mine. Harry Markowitz

Mine Dream Economist Becoming Childhood Childhood Dream

Portfolio theory, as used by most financial planners, recommends that you diversify with a balance of stocks and bonds and cash that's suitable to your risk tolerance. Harry Markowitz

You Balance Financial Tolerance Suitable Cash Risk Diversify Most Stocks Your Planners Used Theory Portfolio Bonds

If the investor doesn't have enough time and skill to investigate individual stocks or enough money to diversify a portfolio, the right thing to do is to invest in exchange-traded funds that give you exposure to asset classes. It does make sense for the individual investor to think in terms of holding individual asset classes. Harry Markowitz

Time You Money Sense Holding Think Enough Enough Money Enough Time Right Thing Classes Give Diversify Individual Invest Investigate Investor Terms Make Does Stocks The Right Thing Skill Exposure Asset Portfolio Right Thing Funds

I was born in Chicago in 1927, the only child of Morris and Mildred Markowitz, who owned a small grocery store. We lived in a nice apartment, always had enough to eat, and I had my own room. I never was aware of the Great Depression. Harry Markowitz

Depression Great Own Nice Enough Great Depression Eat Born My Own Only Small Only Child Never Had Had Enough Morris Always Chicago Child Owned Store Apartment Room Grocery Grocery Store Who Lived Aware

During the 1950s, I decided, as did many others, that many practical problems were beyond analytic solution and that simulation techniques were required. At RAND, I participated in the building of large logistics simulation models; at General Electric, I helped build models of manufacturing plants. Harry Markowitz

Problems Plants Build Building Others Analytic Rand Solution Logistics General Simulation Beyond Practical Were Did Models Decided Required Electric Manufacturing Helped Large Many Techniques

The system has for its object an increase of persons that are to intervene between the producer and the consumer, living on the product of the land and labour of others, diminishing the power of the first, and increasing the number of the last. Henry Charles Carey

Power First Living Increase Increasing Intervene Others System Diminishing Object Consumer Between Labour Land Persons Producer Product Last Number

By adopting the 'free trade,' or British, system, we place ourselves side by side with the men who have ruined Ireland and India, and are now poisoning and enslaving the Chinese people. Henry Charles Carey

People Men Free Side Ruined System Ourselves India Adopting Free Trade Poisoning Trade Ireland Place Chinese Chinese People Who Now British

It the British System is the most gigantic system of slavery the world has yet seen, and therefore it is that freedom gradually disappears from every country over which England is enabled to obtain control. Henry Charles Carey

Freedom World Seen Country Control Every System Gigantic Disappears Over Most Obtain Gradually Which England Therefore Slavery British

In this country protection has always, to some extent, existed; but at some times it has been efficient, and at others not; and our tendency toward freedom or slavery has always been in the direct ratio of its efficiency or inefficiency. Henry Charles Carey

The natural consequence of our submission, even in part, to the system that looks to compelling the export of raw products, the exhaustion of the land, the cheapening of labour, and the export of the labourer. Henry Charles Carey

Natural Submission Our System Part Raw Looks Exhaustion Labour Labourer Land Products Export Even Compelling Consequence

The commerce of India does not grow, nor does that of Portugal, or of Turkey; that but that of the protected countries does increase, as has been shown in the case of Spain, and can now be shown in that of Germany. Henry Charles Carey

Increase Has-Been India Case Countries Protected Does Been Nor Germany Commerce Spain Turkey Shown Grow Now Portugal

As regards this country, in which protection has always to some extent existed, it is the best customer that England ever had, and our demands upon her grow most steadily and regularly under protection. Henry Charles Carey

How many men are there who fairly earn a million dollars? Henry George

Men Earn Fairly How Dollars Who Many Million Million Dollars

How can a man be said to have a country when he has not right of a square inch of it. Henry George

Man Country He Said How Square Inch Right

What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it. Herbert A. Simon

Wealth Poverty Recipients Rather Allocate Consume Consumes Attention Obvious Sources Efficiently Information Might Creates Hence Among Need

The density of settlement of economists over the whole empire of economic science is very uneven, with a few areas of modest size holding the bulk of the population. Herbert A. Simon

Science Few Holding Settlement Economic Area Empire Over Economists Bulk Density Very Uneven Size Modest Whole Population

By a combination of formal training and self study, the latter continuing systematically well into the 1940s, I was able to gain a broad base of knowledge in economics and political science, together with reasonable skills in advanced mathematics, symbolic logic, and mathematical statistics. Herbert A. Simon

Mathematics Knowledge Together Science Training Political Economics Broad Latter Systematically Statistics Logic Able Self Advanced Study Combination Well Continuing Mathematical Political Science Formal Gain Skills Reasonable Base Symbolic

One of the first rules of science is if somebody delivers a secret weapon to you, you better use it. Herbert A. Simon

You Science Better Somebody First Secret Secret Weapon Rules Weapon Use

Quotes by Economists