2219 quotes by economists for you to enjoy

In chess, computers show that what we call 'strategy' is reducible to tactics, ultimately. It only looks creative to us. They are still just glorified cash registers. This should make us feel uncomfortable, whether or not we think computers will ever be good composers of music or artistic painters. Tyler Cowen

Music Good Creative Will Strategy Think Composers Cash Only Tactics Uncomfortable Computers Feel Looks Make Call Glorified Still Chess Ultimately Artistic Just Whether Us Should Show Painters Ever

After my stellar first grade academic achievements, I continued to perform well in the city primary schools - except for penmanship, which was not my forte. Vernon L. Smith

First City Except Stellar Primary Perform First Grade Academic Schools Well Continue Grade Achievements After Which Forte

Caltech was a meat grinder like I could never have imagined. Vernon L. Smith

Could Never Like Grinder Meat Imagined

Scratch a pessimist and you find often a defender of privilege. William Beveridge

You Pessimist Find Privilege Often Scratch Defender

A thousand acres that can feed a thousand souls is better than ten thousand acres of no more effect. William Petty

Better Thousand Ten More Feed Souls Effect Than Acres

Causes of Civil War are also, that the Wealth of the Nation is in too few mens hands, and that no certain means are provided to keep all men from a necessity either to beg, or steal, or be Souldiers. William Petty

War Wealth Men Nation Few Too Civil Civil War Steal Also Causes Provided Beg Hands Either Certain Means Keep Necessity

Money is the best rule of commerce. William Petty

Finance Best Money Rule Commerce

Difficult years lie ahead, patience is required. Yiannis Stournaras

Patience Lie Difficult Years Required

From the RBI side, the fake Indian currency note is an important issue that needed to be addressed. The other collateral benefits from this, in terms of greater accountability, better public finance, more transparency, are, by definition, areas that take time to fully play out. Urjit Patel

Finance Time Benefits Better Important Accountability Other Side Definition Collateral Out Indian More Area Take Terms Important Issue Greater Fake Issue Currency Public Note Transparency Fully Play Needed

A well-functioning transmission should at some point go from the overnight right up to 40 years, and that is the ultimate objective in having monetary transmission that affects the whole gamut of borrowing tenure. Urjit Patel

Some Objective Borrowing Having Point Tenure Overnight Go Ultimate Years Affects Up Should Transmission Whole Monetary Right

Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands. Urjit Patel

Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes, our production plans and supply processes would ensure that the remonetisation happened as quickly as possible. Urjit Patel

Our Ensure Possible Would Part Supply Withdrawal Quickly Subsequent Bank Happened Pace Processes Notes Plan Production Plans Fast

Divestment measures would improve overall banking sector health. Urjit Patel

Health Sector Would Overall Improve Banking Measures

The RBI is interacting with the banks every day. Urjit Patel

Day Every Day Every Interacting Banks

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate. Urjit Patel

Rate Determines Rates Only Policy Course Overnight Continuum Bank Central Interest Central Bank Interest Rates Transmission Whole Monetary Monetary Policy

The monetary policy committee could either keep rates constant, increase them, or bring them down. There are three options possible compared to when it is accommodative. Urjit Patel

Three Down Increase Possible Constant Rates Could Policy Options Committee Either Them Compared Keep Monetary Monetary Policy Bring

There is little room for complacency, and it is important to guard against sporadic volatility in financial markets. Urjit Patel

Financial Important Guard Complacency Markets Financial Markets Volatility Against Little Room

People have asked why the new currency introduced was different in size and thickness from the old. This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place. Urjit Patel

Best You Change People Old Has-Been Introduced Magnitude Counterfeit New Make Because Been Get Currency Going Different Size Place Asked Hard Standards Why Designed Need

What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time. Urjit Patel

Quotes by Economists