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Richard Thaler Quotes
Richard Thaler quote
Richard Thaler quote
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The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed in standard economic theory.
Richard Thaler
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Richard Thaler
American
Economist
Born:
Sep 12
,
1945
Topics
Economics
,
Field
,
Lesson
,
Assumed
,
Ways
,
Economic
,
Rational
,
Economic Theory
,
Understand
,
Behavioral
,
Human
,
Differ
,
Which
,
Standard
,
Theory
,
Need
Links
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Related Authors
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,
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,
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Quotes To Explore
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell
Politics
First
Economics
Lesson
Enough
Those
Scarcity
Never
Want
Anything
Who
Fully
Satisfy
Disregard
Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.
John F. Kennedy
God
History
Man
Together
Made
Economics
Those
Neighbors
Asunder
Allies
Joined
Put
Partners
Geography
Friends
Us
Whom
Necessity
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.
William J. Clinton
Education
Good
Ignorance
Wealth
Opportunity
Poverty
Economics
Research
Increase
Good Jobs
Out
Jobs
Morally
Restrict
More
Both
Economic
Investments
Advancing
New
Equal
Equal Opportunity
Empowerment
Because
Scientific
Discrimination
While
Infrastructure
Us
Creating
Turns
Growth
Right
Technological
I don't think most of Congress understands how economics works.
Alexandria Ocasio-Cortez
Economics
Congress
Think
Most
Understands
How
Works
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Friedrich August von Hayek
Finance
Men
Economics
Design
About
Know
How
Demonstrate
Curious
Task
Little
Really
Imagine
Design is a way of life, a point of view. It involves the whole complex of visual communications: talent, creative ability, manual skill, and technical knowledge. Aesthetics and economics, technology and psychology are intrinsically related to the process.
Paul Rand
Life
Knowledge
Technology
Creative
Economics
Design
Related
Way
Complex
Visual
Ability
Point
Point Of View
Talent
Involves
Aesthetic
Process
Psychology
Communications
Skill
View
Manual
Whole
Technical
Technical Knowledge
January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though, because it lets us study why so many of those resolutions are broken.
Sendhil Mullainathan
Good
Broken
Better
Economics
Year
Few
Month
Those
Though
Vividly
February
Study
Self-Control
New
Because
Always
Behavioral
Few Things
January
Us
Many
Even
Lets
Why
Illustrate
Things
Resolutions
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
Tyler Cowen
Life
You
Better
Economics
Understanding
Everywhere
Lead
Make
Happier
Decisions
Help
History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.
B. R. Ambedkar
History
Conflict
Victory
Ethics
Economics
Unless
Willingly
Never
Come
Force
Known
Always
Been
Vested
Vested Interests
Where
Them
Themselves
Interests
Shows
Compel
Sufficient
Rather than dividing the world between good and evil, the Left divided the world in terms of economics. Economic classes, not moral values, explained human behavior. Therefore, to cite a common example, poverty, not one's moral value system, or lack of it, caused crime.
Dennis Prager
Good
Good And Evil
World
Behavior
Crime
Value
Evil
Values
Example
Poverty
Economics
Value System
System
Cite
Moral
Classes
Moral Values
Rather
Economic
Divided
Dividing
Between
Terms
Caused
Left
Than
Lack
Human
Common
Human Behavior
Explained
Therefore
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