William Vickrey Quotes

William Vickrey
Canadian Educator
Born: Jun 21, 1914
Died: Oct 11, 1996
Balanced Budget Employment Government Inflation Situation
Related authors: Bill Nye Booker T. Washington Horace Mann John W. Gardner Maria Montessori Michael Pollan Michael Porter Timothy Leary
Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain. William Vickrey
Increasingly Out Wipe Prices Without Loss Sales Sellers Gain Sufficient Raise Set
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare. William Vickrey
Welfare Evil Deficits Proper Terms Greater Greater Evil Mitigate Unemployment Human Far Means Larger Necessary
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression. William Vickrey
Depression Drive Insane Pursuit Budget Economy Balanced Balanced Budget End Going Grail In The End Holy Holy Grail
The nominal budget is a poor indicator of the impact of government outlays and revenues. William Vickrey
Government Impact Indicator Budget Nominal Revenues Poor
Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed. William Vickrey
Entitlement Past Market Would Would-Be Given Developed Performance Them Gross Initial Basis
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain. William Vickrey
Good Inflation Year Down Assured Say Would Would-Be Brought Per Cost Percent Steady Rate Could Unemployment Bargain Even
This paper was one of my digressions into abstract economics. William Vickrey
Economics Paper Abstract
Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours. William Vickrey
Job Situation Living Ought Willing Responsible Find Hours Employment Practically Accept Within Wage Person Any Which Available Paying Reasonably Living Wage Desirable
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. William Vickrey
Inflation Assure Deficits Price Budget Balanced Balanced Budget Does Nor Stable Themselves Produce Level
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. William Vickrey
Balance Achieve Will Nothing Solve Mischief Attempting Budget Nominal Balancing Produce Much

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