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Quotes by Economists
Quotes by Economists
We should redefine the metric for effective lending, viz., prioritise loans to enterprises, which will generate more employment.
Urjit Patel
Will
Enterprises
Viz
More
Generate
Employment
Redefine
Metric
Effective
Which
Lending
Should
Loans
Enhanced transparency has helped to reinforce the stability of India's financial system.
Urjit Patel
Financial
System
Financial System
India
Stability
Transparency
Helped
Enhanced
Reinforce
There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.
Urjit Patel
Control
Our
Rules
Ensure
Ourselves
Follow
Some
Some Things
Sound
Stability
Things
If very fundamental reforms take place, especially when it comes to factors of production like land, labour, then a higher growth rate is possible.
Urjit Patel
Possible
Rate
Higher
Factors
Take
Like
Very
Labour
Reforms
Place
Land
Then
Production
Fundamental
Growth
Growth Rate
It is easy and quick to fritter away gains regarding macroeconomic stability.
Urjit Patel
Easy
Quick
Stability
Regarding
Gains
Away
Growth is always there in the MPC's scheme of things; we don't lose sight of that, but not at the cost of inflation.
Urjit Patel
Inflation
Lose
Sight
Cost
Scheme
Always
Growth
Things
One advantage of not being in power is that we can dream of reshaping the world exactly as we please.
Abhijit Banerjee
World
Power
Please
Dream
Exactly
Advantage
Being
One does not have to agree with his views to be intrigued by the possibilities opened up by Prime Minister Narendra Modi's emergence as communicator/harangue-master in chief.
Abhijit Banerjee
Possibilities
Intrigued
Minister
Emergence
Prime
Prime Minister
Opened
Does
His
Up
Chief
Views
Agree
Anyone who has a child knows the importance of not over-playing your hand. He was up all night playing some game on his smartphone and you feel like saying that if it happens again the phone is gone. Forever. Till he is old enough to buy his own. Till then he can have your old Nokia.
Abhijit Banerjee
Buy
Saying
You
Game
Phone
Old
Own
Gone
Enough
All Night
Some
He
Feel
Like
Importance
Knows
Till
His
Hand
Up
Forever
Child
Anyone
Happens
Again
Old Enough
Then
Your
Who
Playing
Night
Climate change is something that we cannot fix alone - it is the original collective action problem - it will not work unless almost all the large economies of the world act together.
Abhijit Banerjee
Work
Alone
Change
Together
Problem
World
Will
Collective
Action
Unless
We Cannot
Something
Almost
Almost All
Economies
Climate
Climate Change
Fix
Cannot
Act
Large
Original
What makes a leader great is not the fact that she (or he) has all the answers, but the ability to inspire and empower us to find the answers.
Abhijit Banerjee
Great
Inspire
Leader
Find
Ability
Fact
He
She
Empower
Makes
Answers
Us
If democracy is to be an articulation of mutual respect, a leader in a democracy leads by showing respect to all.
Abhijit Banerjee
Democracy
Respect
Leader
Mutual
Mutual Respect
Leads
Articulation
Showing
In my own work, I have written about how our public sector bank officials avoid making any new lending decisions - because lending always exposes them to some (infinitesimal) risk of being blamed for the loan going wrong.
Abhijit Banerjee
Work
Loan
Own
Our
Sector
Some
About
My Own
Risk
Blamed
Written
Wrong
New
Because
Always
How
Making
Officials
Any
Going
Bank
Being
Decisions
Lending
Public
Them
Avoid
Public Sector
The BJP must nurture the institutions that put credible checks and balances in place.
Abhijit Banerjee
Nurture
Must
Put
Checks
Checks And Balances
Institutions
Balances
Place
Credible
Mass protests often get books or films banned, but very few people take to the streets to challenge the right of the State to decide what we can read or watch - it's still someone else's problem.
Abhijit Banerjee
People
Problem
Challenge
Few
Films
Else
State
Books
Someone
Take
Mass
Read
Protests
Still
Very
Get
Few People
Often
Banned
Decide
Right
Streets
Watch
One big mistake that we made in Delhi is that we made it a low-rise city which means that rich people have nice green colonies while the poor live in dusty areas.
Abhijit Banerjee
Mistake
People
Made
Big
Rich
Nice
Live
City
Delhi
Colonies
Area
Big Mistake
Green
Dusty
Which
While
Poor
Rich People
Means
If people don't want blue-collar work, our labour costs will remain high and our competitiveness low.
Abhijit Banerjee
Work
People
Will
Our
High
Costs
Remain
Labour
Blue-Collar
Want
Low
Competitiveness
I think it is a very important point for India to create a bureaucracy that lives on the ground and gets its stimulus from how life is on the ground.
Abhijit Banerjee
Life
Important
Think
I Think
India
Point
How
Stimulus
Very
Bureaucracy
Gets
Create
Ground
Lives
The problem of getting from home to the metro, BRT or bus stop makes many people take their cars to work. Why not start a fleet of electric buses that just circle through neighbourhoods connecting them to the various public transport hubs?
Abhijit Banerjee
Work
Home
People
Problem
Car
Circle
Various
Through
Take
Makes
Metro
Getting
Just
Stop
Public
Bus
Buses
Them
Fleet
Electric
Transport
Connecting
Many
Why
Why Not
Start
There is no doubt that in the last years of the UPA's rule, a certain lethargy had set into the way the central government went about its business.
Abhijit Banerjee
Government
Business
Doubt
Rule
Way
No Doubt
About
Had
Years
Central
Central Government
Certain
Lethargy
Last
Set
My sense of my own superiority over many of my classmates would have been much more muted if I knew that they had seen me failing miserably at woodwork or cross-stitch.
Abhijit Banerjee
Me
Seen
Own
Sense
Would
Muted
Superiority
Classmates
My Own
More
Had
Knew
Failing
Over
Been
Woodwork
Much
Many
Every nation necessarily inhabits a morally compromised space. All too often our ideals seem to be held to ransom by what we believe, rightly or wrongly, to be objective reality.
Abhijit Banerjee
Reality
Space
Nation
Believe
Every
Too
Our
Rightly
Objective
Seem
Morally
Compromised
Ideals
Wrongly
Often
Held
Necessarily
Every Nation
I will confess that in general decisiveness worries me; it is often an excuse for being impatient with the details or insufficiently sensitive to other people's concerns.
Abhijit Banerjee
Me
People
Will
Other
Worries
Details
Impatient
General
Excuse
Concerns
Confess
Often
Being
Sensitive
Decisiveness
The investment climate in Gujarat under Modi has been very supportive of business interests; but it was the same under the Congress governments that came before him.
Abhijit Banerjee
Business
Before
Congress
Has-Been
Investment
Supportive
Him
Climate
Came
Been
Governments
Very
Same
Interests
It is undeniable that the looming environmental crisis is partly the consequence of population growth.
Abhijit Banerjee
Environmental
Crisis
Undeniable
Partly
Looming
Population
Population Growth
Growth
Consequence
Even Milton Friedman - doyen of radical free market thought - was willing to consider some government intervention into primary education on the grounds that it is unfair for children to not get a chance in life because they were born to poor parents.
Abhijit Banerjee
Life
Education
Government
Thought
Free
Parents
Unfair
Radical
Intervention
Consider
Market
Willing
Some
Born
Free Market
Primary
Because
Were
Get
Children
Poor
Grounds
Even
Chance
Milton
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