2214 quotes by economists for you to enjoy

The primary task of a useful teacher is to teach his students to recognize 'inconvenient' facts - I mean facts that are inconvenient for their party opinions. Max Weber

Teacher Party Recognize Facts Students Primary Opinions His Task Mean Teach Useful Inconvenient

Causal analysis provides absolutely no value judgment, and a value judgment is absolutely not a causal explanation. Max Weber

Value Judgment Analysis Absolutely Absolutely Not Causal Provides Explanation

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices. Merton Miller

Everybody Markets Some Prices Get Information Aggregate Evaluate Function Incorporated

Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't. Merton Miller

Buy People Thinking Market Something Share Delude Know Most Well Than Just Information Which Pools Might Themselves Whole

I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller. Merton Miller

Born Only Boston Only Child Massachusetts Child May Miller

My main interest, however, was in economics, not law. Merton Miller

Law Economics Main However Interest

Arbitrage proof has since been widely used throughout finance and economics. Merton Miller

Finance Economics Proof Throughout Since Been Used Widely

What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions. Merton Miller

People Our Paper Structure Ideal Know Answer Said Years Question Conditions After Happened Capital Next Publication Now Right

What counts is what you do with your money, not where it came from. Merton Miller

You Money Counts Came Where Your

I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in. Merton Miller

Globalization is the process by which markets integrate worldwide. Michael Spence

Worldwide Markets Globalization Integrate Process Which

On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment. Michael Spence

Change Will Own Negotiating Structure Tactics Investment Supply Global Employment Trade Tariff Patterns Transitory Viewed Barriers Chains

A split between the U.S. and its traditional allies, if it becomes a permanent feature of the new global order, would lead to deeper fragmentation among the world's market-oriented democracies. That will surely shift the long-term balance of power in China's favor, as it moves steadily toward becoming the world's largest economy. Michael Spence

Democracy Balance World Will Power Fragmentation Favor Would Steadily Feature Allies Split Lead Toward Between Long-Term New Economy Global Balance Of Power Surely Becomes Permanent Becoming Traditional Shift Moves Order China Deeper Among Largest

It is a wonderful and unexpected honor to receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Receiving this prize with Joseph Stiglitz and George Akerlof, whose work I have learned from and admired, makes it even more gratifying. Michael Spence

I was not thinking about infinite multipliers when I was 10. But I did have a father who was a Ph.D. in commerce and finance and an intellectual man. And so I had a feeling, probably about the time I went to college, that I would try to be a scholar and teacher, but I didn't know which field. Michael Spence

I picked economics at the end of my undergraduate time because it seemed to be a really nice combination of theory, including mathematical theory on one hand, and things that are quite practical that you can touch and see and feel. So I picked it, and I consciously thought of it as an experiment to see if I liked it. And it worked. Michael Spence

Time You Thought Economics Experiment Nice See Seemed Touch Picked Feel Combination Liked Undergraduate Practical Because Mathematical Hand End Quite Worked Really Theory Including Things

During my Ph.D. program, I became interested in the informational structure of markets that turned into the work on signaling, which was the part of my early work that was recognized for the Nobel Prize, but it was not really a subject at the time. Michael Spence

Work Time Early Work Markets Recognized Structure Part Nobel Nobel Prize Became Subject Prize Which Informational Interested Turned Really Early Program

With external help, even the countries ravaged by World War II recovered. Michael Spence

War World Recovered Countries Help Even External World War World War II

Labor, no matter how inexpensive, will become a less important asset for growth and employment expansion, with labor-intensive, process-oriented manufacturing becoming a less effective way for early-stage developing countries to enter the global economy. Michael Spence

Matter Will Important Become Way Enter Developing Developing Countries Countries Economy Global Global Economy Employment Becoming How Inexpensive Effective Effective Way Labor Expansion Less Manufacturing Asset Growth

Quotes by Economists