2214 quotes by economists for you to enjoy

It will be crucial the E.U. and the U.K. maintain the closest economic relationship possible. Jose Angel Gurria

Relationship Will Possible Economic Crucial Maintain Closest

We need to focus much more on the bottom 40 per cent. They are losing ground, and the fact that they are losing ground blocks social mobility and brings down economic growth. Jose Angel Gurria

Losing Focus Down Per More Economic Fact Economic Growth Bottom Blocks Mobility Cent Social Much Ground Growth Brings Need

Bureaucracy is not an obstacle to democracy but an inevitable complement to it. Joseph A. Schumpeter

Democracy Inevitable Complement Obstacle Bureaucracy

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. Joseph A. Schumpeter

Entrepreneur Value Profit Entrepreneurial Production Expression

What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources. Joseph Stiglitz

Knowledge Resources Developed Developed Countries Developing Developing Countries Countries Much Separates Gap

I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and technology policy. But a lot of the people were lawyers. They like winning an argument, but science-based, evidence-based reasoning was just sort of not in their framework. Joseph Stiglitz

Technology Science People Argument Science And Technology White White House Framework Lawyers Winning Physicist Buddies Like House Policy Sort Were Lot Began Office Just Reasoning Career

We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all. Joseph Stiglitz

Work Together World Too Benefit Way Share Along Learned Get Common Work Together Planet Hard Hard Way Cooperation

After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better. Joseph Stiglitz

The U.S. basically wrote the rules and created the institutions of globalisation. Joseph Stiglitz

Rules Institutions Wrote Globalisation Created Basically

It isn't inevitable that we have a globalization which is used by the corporations not to pay taxes. It is not inevitable that we have a form of globalization in which corporations use the threat of moving jobs abroad to lower wages. None of this is inevitable. Joseph Stiglitz

Inevitable Pay Corporations Jobs Threat Abroad Globalization None Wages Form Which Moving Taxes Lower Use Used

The diminishing economic role of the United States in the global economy means that global political power will also become more dispersed. The world will become multipolar. By clumsily re-asserting a wish for U.S. dominance, Donald Trump is accelerating the opposite. Joseph Stiglitz

World Political Political Power Will Power Wish Become States Diminishing More Economic Economy Global Global Economy Also Accelerate Opposite Trump Dominance Role Donald Donald Trump Means United United States

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. Joseph Stiglitz

Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they get more. But then you look at the people who are at the top, and you realize they're not the people who have transformed our economy, our society. Joseph Stiglitz

You People Some People Society Our Top Say People Say Some More Fair Economy Look Because Inequality Been Contributing Get Transformed Realize Then Much Who

The IP standards advanced countries favour typically are designed not to maximise innovation and scientific progress, but to maximise the profits of big pharmaceutical companies and others able to sway trade negotiations. Joseph Stiglitz

Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too. Joseph Stiglitz

Game Reality World Will Stronger Lose Too Approach Threatens Sees Allies Terms Globalisation Well Force Trump Mexico Australia Friends America Whether Gains Turn Zero-Sum

Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat. Joseph Stiglitz

Government Law Appropriate Rule Rule Of Law Security Security Threat Threat Threaten Adopt Prevent Outsourcing Particular Does Discourage Undesirable Bully Behaviour Legislation Refugees Wants Create Incentives Regulations Portray

I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard. Joseph Stiglitz

Me Guidance Better Thought Before Gone Harvard Would Brother Counselor Had He Like Because His Than Large Amherst University

Amherst is a liberal arts college, committed to providing students with a broad education. Joseph Stiglitz

Education College Liberal Liberal Arts Broad Students Providing Committed Arts Amherst

Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. Joseph Stiglitz

Broad Development Economist MIT Intellectual Intellectual Development Pivotal Professional Amherst

If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system? Joseph Stiglitz

Future Assurance Markets System Clearly Exist Existed Efficiency Did Infinitely Stability Far Capitalist Required Extended

Quotes by Economists