Quotes by Economists

The SSRC committee turned attention from team research for building a model of the United States to doing one for world trade in order to investigate the international transmission mechanism. Lawrence R. Klein
World Building Research States Investigate Attention Trade Doing Model Committee Order Turned Transmission Team International Mechanism United United States World Trade
The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history. Lawrence Summers
History Important Revolution Dramatic Ranks Economic Developments Economies Alongside Most Industrial Renaissance Industrial Revolution The Most Important Modernization Asian
Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us. Lawrence Summers
Time Nation Our Strike Ensure Must Asia Us Now Strengthen
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular. Lawrence Summers
You Better Problems Faster Jet Markets Kinds More Global Comfortable Get Same Going Where Crashes Capital Planes Much Spectacular Pose
I've always thought that underpopulated countries in Africa are vastly underpolluted. Lawrence Summers
Thought Vastly Countries Always Africa
Contagion has become very much a phenomenon, and it's a phenomenon of globalization. Lawrence Summers
Become Contagion Globalization Very Much Phenomenon
There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs. Lawrence Summers
Those Jobs Would Would-Be Textile Did Children Asia Working Who Businesses Streets
You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government. Lawrence Summers
Government You Situation Cash Only Relying Permanent Proceed Which Companies Basis
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. Lawrence Summers
Depression People Financial Situation Back Those Worst Crises System Financial System Developed Study Since Major Quarter Quarter Century Go America Going Banking Century Now
Many children are taught to believe in God. I came to believe in the power of systems analysis. Lawrence Summers
God Power Believe Analysis Systems Came Taught Children Many
Legal behavior is not incompatible with rational, self-interested behavior. Leonid Hurwicz
Legal Behavior Rational Incompatible
A need for enforcement implies the possibility of behavior that violates the rules of the game. The point is that if there were no possibility of violation, then you wouldn't need enforcement. Leonid Hurwicz
You Game Behavior Rules Possibility Point Implies Were Then Enforcement Violates Violation Need
Just because there are people who violate rules, behave illegally and so on, it does not mean that everybody is like that. On the contrary, if you watch certain judges, you observe that they honestly try to implement what they believe the Constitution says and just put it into effect. Leonid Hurwicz
You Constitution People Try Believe Honestly Everybody On The Contrary Rules Says Put Observe Implement Like Because Judges Does Effect Contrary Behave Just Just Because Mean Certain Who Violate Watch
There are two kinds of games in economics. One is the game where people use only legal moves. Then there is the true game, the one like real life, where the strategies and moves people make, some of them contain illegal gains. Leonid Hurwicz
Life Game Legal People Economics Real Life Kinds Some Only True Contain Like Make Real Where Moves Gains Them Then Use Games Illegal Strategies Two
Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being. Ludwig von Mises
Victory Nowadays Those Only Could Well-Being Material Improve Nations Convinced Aggression Wars Popular Conquest
War... is harmful, not only to the conquered but to the conqueror. Ludwig von Mises
War Harmful Only Conquered Conqueror
A lasting order cannot be established by bayonets. Ludwig von Mises
War Lasting Bayonets Established Order Cannot
If men do not now succeed in abolishing war, civilization and mankind are doomed. Ludwig von Mises
War Men Abolish Civilization Doomed Succeed Mankind Now
Men are fighting... because they are convinced that the extermination of adversaries is the only means of promoting their own well-being. Ludwig von Mises
Men Own Fighting Promoting Only Adversaries Well-Being Because Convinced Means Extermination
Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace. Ludwig von Mises
Peace Society Preserved Lasting Lasting Peace Only Division Conditions Labor Modern Modern Society Based
Peace and not war is the father of all things. Ludwig von Mises
War Peace Father All Things Things
The attainment of the economic aims of man presupposes peace. Ludwig von Mises
Man Peace Aims Economic Attainment
Whoever wants peace among nations must seek to limit the state and its influence most strictly. Ludwig von Mises
Peace Power State Strictly Must Seek Most Limit Nations Influence Wants Whoever Among
Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man. Ludwig von Mises
Nature Man Outcome Something Rather Civilization Qualities Human Achieved Human Civilization Against Working Innate
We take our international responsibilities very seriously and will not withdraw our troops from Iraq... Otherwise, the victims of terror in Madrid will have died in vain. Marek Belka
Seriously Will Vain Otherwise Our Responsibilities Madrid Troops Take Withdraw Terror Iraq Very Died Victims International
No matter who becomes chancellor, Poland and Germany will remain neighbours, strategic partners, not only within the European Union, but also world partners, and I don't believe anything could change in our relations. Marek Belka
Change World Matter Will Believe Relations Our Neighbours Only Remain Could Poland Also Partners Within Becomes Germany Anything Union Who European European Union Strategic Chancellor
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