100 Economists Quotes for You to Enjoy

I think Obama and the economists around him have a very sophisticated understanding of both globalization and the technology revolution and the impact they're having on the world economy and they way they're creating these winner-take-all spirals. Chrystia Freeland

We want an economic team, Paul Krugman and Robert Kuttner, Joseph Steiglitz's people and others, who say, you know what? We're sophisticated economists but we're concerned about poor and working people. Cornel West

You People Others Say About Economic Joseph Economists Sophisticated Know Robert Concerned Want Paul Poor Working Working People Team Who

Psychologists and economists love to talk about the notion of two selves: present self and future self. It's a nice way to explain the tendency to have one preference about the future, but a very different preference when the future becomes the present. Daniel Goldstein

Economists think about what people ought to do. Psychologists watch what they actually do. Daniel Kahneman

People Think Ought About Economists Psychologists Actually Watch

Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market. David Autor

Good People Benefits Benefit Market More Mysterious Exchange Main Advantage Idea Since Economists Come Principle Trade Understood Era Labor Than Victorian Then Comparative Specialization Specialize

Ever since economists revealed how much universities contribute to economic growth, politicians have paid close attention to higher education. Derek Bok

When you poll all of the economists, uh, across America that I think are intellectually honest they would all, or maybe not all, but 95% of them 96% of them would say you know we really have got a powerful economy. Donald Evans

You Think Say Would Powerful Economists Economy Know Got Intellectually America Maybe Poll Them Really Across Honest

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

There's a rising tide of concern among activists, economists, and artists about Africa. Theres a temptation to think of it as a monolith as opposed to all these different countries with different problems. Edward Zwick

Problems Think About Temptation Rising Countries Economists Tide Concern Opposed Artists Africa Different Different Countries Activists Among

Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses. Emily Oster

The rationale for tenure is still valid. But the system has turned the academy into one of the most conservative and costly institutions in the country. Yes, conservative: Economists joke that their discipline advances one funeral at a time, but many fields must wait for wholesale generational turnover before new approaches take hold. Francis Fukuyama

Time Conservative Discipline Wait Joke Country Before Valid Approaches System Must Costly Rationale Take Advances Generational Tenure New Economists Institutions Most Academy Still Yes Hold Fields Turned Turnover Many Wholesale Funeral

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree. Franco Modigliani

Science Disagree Value Economics Judgment About Economic Had Economic Policy Disagreements Economists Policy Because Famous Agree Profound Milton

Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. Gavyn Davies

Great Events Old Recession Changed Settled Broad Everything About Seemed Economic Splits Economic Policy Share Between Over Economists Policy Years Decade Being Apparently Consensus Last Last Decade Two

In the '70s, there were economists who argued that seat belts were causing people to drive faster and kill more pedestrians. But after 15 or 20 years of research, we can now conclude that's actually not true. Seat belts, on net, do make people safer. So, on an evidence-based process, we should have people wear seat belts. Greg Ip

People Drive Research Faster Pedestrian Wear Net More Argued True Economists Make Safer Conclude Causing Were Years After Process Should Who Now Seat Actually Belts

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive. Ha-Joon Chang

Political Free Intervention Beneficial Market Circumstances Minimum Minimum Wage See More Economic Free Market Mere Economists Makes Frequently Wage Wages However Legislation Decent Which Workers Certain Productive Show Theories

I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.' Ha-Joon Chang

Me Market Markets Worst Though Colleagues Tell Would Outcomes Abuse Economists Most Accept Am According Than Crank Us Much Successful Dismiss Who Professional Keener Among

What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy. Ha-Joon Chang

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward. Henry Paulson

Country Corporate Steadily Percent Rate Percentage Rates More Point Study Economists Attracts Another Surprising Than Tax Estimated Tax Rate Tax Rates Capital Average Then Lower Downward Treasury

The density of settlement of economists over the whole empire of economic science is very uneven, with a few areas of modest size holding the bulk of the population. Herbert A. Simon

Science Few Holding Settlement Economic Area Empire Over Economists Bulk Density Very Uneven Size Modest Whole Population

When better business decisions are made, economists won't make them. Herbert V. Prochnow

Business Better Made Economists Make Decisions Them

The economy, unemployment, the future... Politicians, economists, and journalists are constantly debating these key issues for our country but rarely come to an answer. But behind all this, there is a fairly simple truth: no matter what anybody says, jobs are hard to come by. Jameela Jamil

Truth Future Key Simple Matter Country Politicians Our Says Jobs Constantly Rarely Simple Truth Journalists Economists Come Economy Fairly Answer Issues Debating Unemployment Behind Anybody Hard

Economists, like royal children, are not punished for their errors. James Buchan

Punished Economists Like Errors Children Royal

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