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Economists Quotes
Economists Quotes
'Fun money' is another thing that makes no sense to traditional economists. Because there's just money; there's no 'fun money.' It's all supposed to be the same.
Richard Thaler
Money
Sense
No Fun
No Sense
Economists
Supposed
Another
Because
Makes
Traditional
Same
Just
Fun
Thing
It's essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.
Richard Thaler
Fruit
People
Problem
Money
Some People
Some
Give
Roadside
Economists
Like
Also
Understand
Leave
Than
Listen
Essential
Little
Them
Fortunately
Stands
Nicer
Credit
Actually
Things
Humans
Need
As a general rule, the United States government is run by lawyers who occasionally take advice from economists. Others interested in helping the lawyers out need not apply.
Richard Thaler
Government
Advice
Others
Rule
States
Out
Run
General
Lawyers
General Rule
Take
Economists
Occasionally
Interested
Who
Helping
United
United States
United States Government
Apply
Need
There is no doubt that the recognition by economists of the importance of the role of the firm in the functioning of the economy will prompt them to investigate its activities more closely.
Ronald Coase
Will
Doubt
Recognition
No Doubt
Prompt
More
Investigate
Firm
Economists
Economy
Importance
Role
Closely
Them
Activities
I'm not an economist and we all know economists were created to make weather forecasters look good.
Rupert Murdoch
Good
Weather
Economist
Economists
Know
Look
Make
Were
Created
Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want patients to receive the best care available. We also want consumers to pay less. And we don't want to bankrupt the government or private insurers. Something must give.
Sendhil Mullainathan
Government
Best
Health
Debate
Care
Pay
Out
Must
Unpleasant
Give
Something
Pointing
Consumers
Economists
Also
Health Care
Private
Patients
Bankrupt
Want
Available
Skill
Full
Less
Display
Specialize
Receive
My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.
Seth Gordon
Science
Dinner
Economics
Those
Kind
Dinner Table
Folks
Table
Economists
Around
Up
Taught
Grew
Conversations
Social
When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.
Stephen J. Dubner
People
Surgeon
Try
Predict
Organ
Every
Think
System
Someone
Failing
Simultaneously
Economists
Like
Most
Hugely
Trying
Movements
Dynamic
Body
Transplant
Describe
Even
Harder
Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.
Stephen Moore
Power
Become
Respected
Embarrassment
Bother
Economists
Most
Does
Question
Tarot
Tarot Cards
Listen
Anymore
Anyone
Predictive
Deck
Themselves
Much
Profession
Shown
Why
Cards
Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.
Steve Hanke
Rates
Exchange
Economists
Most
Terms
Fixed
Interchangeable
Use
Nearly
What many economists fail to understand is that poor people are no less concerned about improving their lot and that of their children than rich people are.
Theodore Schultz
People
Rich
About
Fail
Economists
Concerned
Understand
Lot
Than
Improving
Children
Poor
Rich People
Poor People
Less
Many
Economists should be modest and be aware that they are part of the broader social science community. We need to be pragmatic about the methods we use. When we need to do history, we should do history. When we need to study political science, we should study political science.
Thomas Piketty
History
Science
Political
Community
Broader
About
Part
Study
Economists
Pragmatic
Methods
Political Science
Social
Modest
Should
Use
Aware
Need
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don't know very much in economics.
Thomas Piketty
Day
End Of The Day
Too Much
Economics
Think
Too
Everybody
Bit
Tend
Smarter
Economists
Know
Because
Historians
End
Very
Than
Much
People today don't become economists to make the world a better place.
Tim Harford
Today
People
World
Better
Become
Better Place
Economists
Make
Place
We are all amateur attention economists, hoarding and bartering our moments - or watching them slip away down the cracks of a thousand YouTube clips.
Tom Chatfield
Down
YouTube
Our
Slip
Thousand
Attention
Economists
Amateur
Cracks
Hoarding
Them
Moments
Away
Watching
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism.
Tyler Cowen
Love
Capitalism
Hate
People
Important
About
Through
Bottom
Bottom Line
Voluntary
Tensions
Economists
Institutions
Most
Talk
Line
Controlled
Done
Being
The Most Important
Manipulated
Incentives
Even
Economics evolved as a more moral and more egalitarian approach to policy than prevailed in its surrounding milieu. Let's cherish and extend that heritage. The real contributions of economics to human welfare might turn out to be very different from what most people - even most economists - expect.
Tyler Cowen
People
Welfare
Economics
Heritage
Approach
Out
Evolved
Moral
Prevailed
More
Economists
Most
Policy
Real
Cherish
Surrounding
Very
Expect
Than
Contributions
Egalitarian
Human
Different
Might
Turn
Milieu
Even
Extend
No one knows anything about economics. It's the great lie of the economists. By contrast in football people might have contrasting opinions, each of which has some validity. But the economists always speak in conditionals - what a mess.
Vicente del Bosque
Great
Lie
People
Speak
Economics
Validity
Some
About
No-One
Football
Economists
Mess
Knows
Always
Opinions
Contrast
Contrasting
Anything
Which
Might
Each
People are beginning to understand there is nothing in the world so remote that it can't impact you as a person. It's not just diseases. Economists are now beginning to say if we are going to have good markets in Africa, we're going to have to have healthy people in Africa.
William Foege
Good
You
People
World
Healthy
Beginning
Nothing
Say
Markets
Impact
Economists
Remote
Understand
Healthy People
Person
Diseases
Going
Just
Africa
Now
I suspect that one of capitalism's crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds.
Zygmunt Bauman
Capitalism
Own
Imagination
Way
Critics
Fact
Crucial
Economists
Well
Undertaking
Suspect
Behind
Proceeds
Which
Derives
Including
Assets
With more than 67 percent of the Nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure.
Dennis Hastert
Moving On
Quality
Nation
Believe
Our
Ability
Percent
More
Highways
Economists
Freight
Tied
Than
Infrastructure
Moving
Internationally
Compete
In terms of the Green New Deal, I support the urgency and the end goal of the Green New Deal. I would look to work with our climatologists, economists to propose my own plan and how we would meet those goals.
Wayne Messam
Work
Goals
Own
Meet
Our
Those
Would
My Own
Propose
Support
New
Economists
Look
Terms
New Deal
Deal
How
Goal
End
Green
Urgency
Plan
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