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Economics Quotes
Economics Quotes
There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.
Christina Romer
Problem
Light
Joke
Economics
Drunk
Keys
Deficit
Says
About
Only
He
Looks
Because
Loses
His
Where
The Problem With
Them
Asked
Who
Why
Street
Rock 'n' roll accepted me and paid me, even though I loved the big bands... I went that way because I wanted a home of my own. I had a family. I had to raise them. Let's don't leave out the economics. No way.
Chuck Berry
Home
Family
Me
Economics
Big
Own
Way
Though
Out
My Own
Had
Because
Accepted
Rock
Leave
Rock-N-Roll
Bands
Roll
Wanted
Loved
Them
Paid
Even
Raise
We would, however, perform an injustice to the bourgeois women's rights movement if we would regard it as solely motivated by economics. No, this movement also contains a more profound spiritual and moral aspect.
Clara Zetkin
Spiritual
Injustice
Rights
Women
Economics
Solely
Rights Movement
Moral
Would
More
Perform
Contains
Bourgeois
Also
Motivated
However
Movement
Regard
Aspect
Profound
I think it is true to say that I am not the first Nobel Prize winner in economics to have little formal training in economics.
Clive Granger
Training
Winner
First
Economics
Think
Say
Nobel
Nobel Prize
True
Am
Prize
Formal
Little
I wonder if economics has less basic core material than is necessary for fields such as mathematics, physics, or chemistry, say.
Clive Granger
Mathematics
Physics
Economics
Chemistry
Say
Material
Wonder
Than
Fields
Less
Basic
Necessary
Core
Economics is half psychology and half Grade Three arithmetic, and the U.S. does not now have either half right.
Conrad Black
Three
Economics
Half
Arithmetic
Does
Grade
Psychology
Either
Now
Right
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
Dale T. Mortensen
Science
Strange
Economics
Important
Our
Some
Impinge
Most
Well
Deals
Issues
Condition
Subject
Human
The Most Important
Human Condition
Mundane
The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents.
Dale T. Mortensen
Economics
Case
Area
Featured
Joined
Individual
Emphasized
Developments
New
Decade
Models
Information
Which
Agents
Across
Theory
Search
Need
Gather
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
Dambisa Moyo
World
Pure
Free
Country
Economics
Single
Live
Approaches
Market
Way
Markets
Would
Would-Be
Only
Free Market
Free Markets
Could
Had
Supporter
Like
Exists
Textbooks
Very
Much
Capitalist
Choice
Actually
I don't remember much about the specifics of the economics courses that I majored in - I apparently internalized the key concepts - but I still remember vividly the thrill of reading 'Don Quixote,' Epictetus, 'The Aeneid,' 'King Lear' and 'Candide,' and how contemporary the stories and ideas in these old and ancient texts struck me.
Daniel S. Loeb
Me
Key
Remember
Old
King
Economics
Reading
Ancient
King Lear
Vividly
About
Struck
Thrill
Ideas
Contemporary
Concepts
Lear
Courses
How
Still
Texts
Don Quixote
Quixote
Stories
Much
Apparently
I'm a Ph.D. in economics, and so you analyze every situation uniquely because every international situation is unique.
Dave Brat
You
Economics
Situation
Every
Analyze
Because
International
Unique
Uniquely
I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.
Dave Matthews
People
Economics
Believe
Think
Generally
Share
Most
Who
Inclined
I'm a professor of economics and associate head of the MIT Department of Economics.
David Autor
Economics
Head
MIT
Department
Professor
Associate
After my undergraduate, I've written a thesis that was in the government department, but largely, it turned out almost an economic type of thesis. And I was very interested in that, and I wanted to go get a Ph.D. in Economics.
David Einhorn
Government
Economics
Type
Out
Economic
Written
Almost
Undergraduate
Go
Very
Get
Department
Wanted
After
Interested
Turned
Thesis
Largely
And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.
David Korten
Economics
Control
Market
Our
Out
Performing
Economy
Global
Global Economy
Principles
Conclusion
Contrary
Same
Which
Perspectives
Each
Basic
Basic Principles
One of the jewels in the crown of Labour's time in office was the rescue of the National Health Service. As the Commonwealth Fund, the London School of Economics and the Nuffield Foundation have all shown, health reforms as well as additional investment were essential to improved outcomes, especially for poorer patients.
David Miliband
Service
Time
Health
School
Economics
National
Additional
Outcomes
London
Crown
Investment
Well
Were
Labour
Office
Improved
Reforms
Essential
Patients
Commonwealth
Poorer
Rescue
Shown
Fund
Foundation
Jewels
Well, I think first of all, probably the most fundamental thing is that we are a mixed-signal analog semiconductor company, which, along with some of the other well-known names in the industry, enjoys very good economics.
David Milne
Good
First
Economics
Think
Analog
Other
Some
Along
Names
Most
First Of All
Well
Industry
Very
Semiconductor
Which
Company
Fundamental
Thing
Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.
David Mixner
Simple
Will
Economics
Market
Complex
Cost
More
Tailored
Invest
Generate
Venture
Return
Traditional
Dollars
Targeted
Dictates
Getting
Expensive
Products
Billion
Billion Dollars
Companies
Even
Sufficient
Pharmaceutical
Funds
Scotland and England may sometimes be rivals, but by geography, we are also neighbours. By history, allies. By economics, partners. And by fate and fortune, comrades, friends and family.
Douglas Alexander
Family
History
Fate
Sometimes
Comrades
Economics
Neighbours
Allies
Rivals
Also
Partners
Geography
Friends
Friends And Family
Scotland
May
Fortune
England
The case for sponsorships in commercial spaceflight is compelling and could dramatically impact the economics of space tourism. Global brands are looking for fresh, new ways to position themselves on the leading edge of their categories.
Dylan Taylor
Space
Economics
Looking
Edge
Dramatically
Ways
Impact
Case
Could
Tourism
Leading
New
Categories
Global
Fresh
Commercial
Brands
New Ways
Themselves
Compelling
Position
A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.
Edmund Phelps
Economics
Healthy
Research
Both
Empirical
Conceptual
Got
Theoretical
Applied
At the simplest level, economics can better show us the consequences of our actions. Less simple are cases in which we don't have the knowledge to predict the full consequences. Global warming and climate change are examples.
Edmund Phelps
Knowledge
Change
Better
Simple
Economics
Predict
Consequences
Our
Cases
Examples
Simplest
Global
Global Warming
Climate
Climate Change
Which
Warming
Us
Full
Show
Less
Actions
Level
Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.
Edmund Phelps
Economics
Price
Terrible
Paid
Theories
Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top.
Edward C. Prescott
People
Better
Economics
Lose
Society
Top
Ranks
Jobs
Some
About
Better Off
Allowed
Investors
Name
Economists
Globalization
Industries
Wither
Greater
Surely
Glory
Educating
Off
Thankless
Capital
Themselves
Workers
Notion
Near
Set
Economics is counterintuitive. It just is.
Edward Conard
Economics
Just
While Argentina, Brazil, and Chile - what in textbooks used to be called the ABC countries - seem settled into democratic politics and free market economics, the Andean countries are in disarray.
Elliott Abrams
Politics
Free
Economics
Brazil
Settled
Market
ABC
Seem
Free Market
Argentina
Countries
Democratic
Textbooks
Chile
While
Used
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