2214 quotes by economists for you to enjoy

Investment bankers do much of their business underwriting government bonds, in the United States and abroad. Therefore, they have a vested interest in promoting deficits and in forcing taxpayers to redeem government debt. Murray Rothbard

The important desideratum is freedom of the market; a country or region will often best develop, depending on conditions of resources or the market, by concentrating on one or two items and then exchanging them for other items produced elsewhere. Murray Rothbard

I do not go so far as the extreme male 'sexists' who contend that women should confine themselves to the home and children and that any search for alternative careers is unnatural. On the other hand, I do not see much more support for the opposite contention that domestic-type women are violating their natures. Murray Rothbard

Home Women Other Extreme Unnatural See More Support Contend Alternative Contention Go Opposite Male Hand Women Are Any Confine Children Far Themselves Much Should Natures Who Search Violating Careers

I think one of the most important directions to be pursued in the 'sciences of human action' is to develop a natural-law ethics based on nature rather than, or at least to supplement, ethics based on theological revelation. Murray Rothbard

Nature Ethics Important Action Think Rather Directions Pursued Supplement Develop Most Sciences Revelation Least Than Human The Most Important Theological Based

Famine emerges from a lack of interlocal trade; when one locality's food crop fails, since there is virtually no trade with other localities, the bulk of the people starve. It is precisely the permeation of the free market throughout the world that has virtually ended this scourge of famine by permitting trade between areas. Murray Rothbard

Food People World Free Other Starve Virtually Market Locality Crop Emerges Area Free Market Throughout Between Fails Since Trade Bulk Scourge Ended Precisely Lack Famine

Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up. Myron Scholes

Time Management Incomplete Collapse System Systemic Brothers Following Risk Risk Management Fact Freeze Most Obviously Up Shocks Ended Any Bank Where Banks After Your Works Appears Event Recent

A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment. Myron Scholes

Needs Problem Other System Risk Taken Particular Know Also However Models Any Bank Banks Happens Measure Moment

If we internationalize everything, we end up with rules that stifle freedom and innovation. Myron Scholes

Freedom Innovation Everything Rules Stifle End Up

From an early age I was very, very fascinated by uncertainty. Myron Scholes

Age Uncertainty Very Fascinated Early Early Age

My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize. Myron Scholes

Mind Thought Black First Doubt Alive Colleague Would No Doubt Had He Nobel Nobel Prize Reaction Passed Still Fischer Were Been Prize Being Unfortunately Awarded Away Actually

My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful. Myron Scholes

Try Tough Appropriate Would Would-Be Risk Diversify Having Pick Investments Investors Adviser However Manage Personal Different Should Across View Helpful Fund Level Funds

Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future? Myron Scholes

I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances. Myron Scholes

Build Think Increasing Changing Our Rules Circumstances Uncertainty Economy Global Global Economy Accommodate Dynamic Ever Adapt Need

That every person is desirous to obtain, with as little sacrifice as possible, as much as possible of the articles of wealth. Nassau William Senior

Wealth Sacrifice Every Possible Obtain Articles Person Little Much

The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs. Nassau William Senior

The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness. Nassau William Senior

Nature Wealth Result Will Rest First Few Distribution General Observation Very Branch Which Explains Production Found Consciousness

The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a rent; and under the same head must be ranked all extraordinary qualities of body and mind. Nassau William Senior

Language Mind Made Extraordinary Ranked Must Head Termed Qualities Rent Privilege Commercial Patent Same Process Body Payment Manufacturer Using

The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction. Nassau William Senior

We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy. Nassau William Senior

Nature Science Wealth Political Distribution Following Give Outline Propose Name Economy Political Economy Which Production Treatise Treats

With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue. Nassau William Senior

Happiness Respect Wealth Political Matter Made First Complaint Virtue Consideration Attention Economists Obstacles Been Often Confine Against Grave Disregard

I believe that when you find problems, you should also find solutions. Ngozi Okonjo-Iweala

You Problems Believe Solutions Find Also Should

The U.K. and the U.S. could not have been built today without Africa's aid. It is all the resources that were taken from Africa, including human, that built these countries today! So when they try to give back, we shouldn't be on the defensive. Ngozi Okonjo-Iweala

Today Try Aid Defensive Back Resources Give Could Taken Countries Without Built Were Been Human Africa Including

From 1967 to '70, Nigeria fought a war - the Nigeria-Biafra war. And in the middle of that war, I was 14 years old. We spent much of our time with my mother cooking. For the army - my father joined the army as a brigadier - the Biafran army. We were on the Biafran side. Ngozi Okonjo-Iweala

War Time Army Cooking Mother Old Father Side Our Spent Our Time Joined Were Years Middle Much Fought Nigeria

Quotes by Economists