11 Economic Theory Quotes for You to Enjoy

Journalists, whose job is to pull back and tell dramatic stories that bring power into focus, find it impossible because things like economic theory are both incomprehensible and, above all, boring. The same is true of 'management science.' Adam Curtis

Science Management Impossible Job Focus Power Dramatic Back Tell Find Boring Above Both Economic True Economic Theory Journalists Like Because Same Stories Theory Whose Things Incomprehensible Bring Pull

The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly predicted in economic theory - that trade would harm some people even while leaving society as a whole better off. The result was overpromised benefits and inadequate adjustment plans. Arancha Gonzalez

Business People Benefits Better Result Political Some People Think Society Enough Heyday Adjustment Would Some About Economic Fact Better Off Economic Theory Prospect Globalization Trade Leaving Off Optimism Did Predicted While Inadequate Plainly Plans Theory Whole Even Elites Harm

If we're talking about big-tent thinking in the Republican Party, I think we're all going to unite under a consistent economic theory. That's where our unity is, and that's what unites us. Asa Hutchinson

Party Think Unity Thinking Our Consistent About Economic Economic Theory Talking Going Where Republican Republican Party Us Theory Unite Unites

Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook's value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years. Didier Sornette

One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing. Emily Oster

People Big Economic Consumption Economic Theory Lot Should Engage Theory

The theory of mechanism design can be thought of as the 'engineering' side of economic theory. Eric Maskin

Thought Engineering Design Side Economic Economic Theory Theory Mechanism

The crisis triggered a fertile period of scientific ferment and revolution in economic theory. James Tobin

Revolution Crisis Economic Economic Theory Period Scientific Ferment Fertile Theory

We could solve all our problems if only we were the efficient, rational human beings of standard economic theory and had politicians willing to think in the long-term interest of their people rather than their own. Jeremy Grantham

People Problems Own Politicians Think Our Willing Solve Rather Only Economic Rational Could Had Economic Theory Long-Term Were Efficient Than Human Human Beings Interest Standard Theory Beings

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

Economics Field Lesson Assumed Ways Economic Rational Economic Theory Understand Behavioral Human Differ Which Standard Theory Need

I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this. Robert Mundell

Good Inflation Nothing Back Rigid Economic Good Thing Never Economic Theory Targeting Stabilize Banks Central Should Theory Believed Thing

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