2214 quotes by economists for you to enjoy

Europe can't rely on a Trump-led U.S. for its defence. But, at the same time, it should recognise that the cold war is over - however unwilling to acknowledge it America's industrial-military complex may be. Joseph Stiglitz

War Time Defence Cold Cold War Complex Recognise Rely Over Unwilling However America Same May Same Time Acknowledge Should Europe

A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking. Joseph Stiglitz

Book Increase Has-Been About Price Inequality Been Lot Why

With the election of Trump, America's soft power has taken a big hit. The United States has moved from a position of leadership in the creation of a rules-based international system to a position of leadership in its destruction and the creation of a regime of global protectionism. The damage will be long-lasting. Joseph Stiglitz

Leadership Destruction Election Will Power Big Creation States System Taken Long-Lasting Global Protectionism Trump Big Hit Hit America Moved Regime International United United States Damage Position Soft

For Obama, the Trans-Pacific Partnership agreement - unilaterally abrogated by Trump - was part of the 'pivot to Asia,' a re-assertion of the role of America in that part of the world. Joseph Stiglitz

World Obama Part Partnership Trump Role America Asia Agreement

The Clinton years were not an economic Nirvana; as chairman of the president's Council of Economic Advisers during part of this time, I'm all too aware of mistakes and lost opportunities. Joseph Stiglitz

Time Opportunities Mistakes Lost Too President Nirvana Economic Council Part Adviser Were Years Clinton Chairman Aware

Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity. Joseph Stiglitz

Thinking Long-Term Quarter Hedge Them Noted Eternity Funds

Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S. Joseph Stiglitz

Technology Back Way Has-Been Significant Jobs Advancing Globally Been Trump Declining Manufacturing Manufacturing Jobs Fast Bring Number Numbers

Trump can bring jobs back, but they will be minimal-wage jobs, not the high-paying jobs of the 1950s. Joseph Stiglitz

Will Back Jobs High-Paying Trump Bring

Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin. Joseph Stiglitz

Positive Great Age Financial Understanding Society Innovations Our Ruin Those Responsible Brought Genetic Economy Global Global Economy Pioneers Information Information Age Who Compared Received Brink

Acting for me is finding those things that, finding the strings of humanity that tie us all together. And you only find that by living life and loving and breaking up. Julian Morris

In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved. Kenneth Arrow

Care Differences Market Later Papers Characteristics Out Could Pointed Involved Parties Insurance Reference Information Explained Special Among Medical Medical Care

The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles. Kenneth Arrow

Economics Other Approach Statement Securities General Various Driver Taken Over Demands Major Like Remote Economy Parts Equilibrium Years Influence Different Automobiles Which Forms Different Parts Even Each

Not every business cycle has a financial crisis. Frequently they do. Kenneth Arrow

Business Financial Every Financial Crisis Crisis Frequently Cycle

Today we hear that the gains from economic growth accrue to the highest-income earners while the standard of living of the poor and middle America stagnates and the gap between the richest and the poorest grows ever wider. That portrait of the country is wrong. Kevin Hassett

Today Country Living Earner Economic Economic Growth Wrong Between Hear America Middle While Gains Poor Poorest Richest Standard Gap Ever Grows Growth Portrait Wider

Given the importance of Washington, outsiders probably have an unrealistic perspective on how large the city is. The fact is, Washington D.C. is a small town, and most everyone knows most everyone else. That person of the other party who you despise will someday be at your daughter's birthday party. Kevin Hassett

Birthday You Perspective Will Daughter Party Other Else Despise Birthday Party Everyone Everyone Else City Someday Given Small Unrealistic Fact Outsiders Small Town Town Importance Most Knows How Person Your Who Large Washington

Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years. Kevin Hassett

Day Nature Recession Changed Statement At Least One Economic Fact Over Along Least Inevitably Years Lines Walked Get Snow Just In Fact Conversations Much Miles Old-Timer

For an American, as mad you may be about whatever the EPA or the IRS does, just imagine if you only had a one twenty-eighth vote over what it does. You were in this place with this big bureaucracy that sets rules, and you only have a small vote. You'd feel like you've given up your sovereignty, wouldn't you? Kevin Hassett

You Vote Big Whatever Sets Rules Mad About Given Only Small Had Feel Over Like Does Were Up American Bureaucracy Sovereignty May Just Place IRS EPA Your Imagine

I prefer to listen to people who change their mind now and then. Kevin Hassett

Change People Mind Listen Prefer Then Who Now Now And Then

Quotes by Economists