Quotes of All Topics . Occasions . Authors
One of the first and most difficult steps in a science is to conceive clearly the nature of the magnitudes about which we are arguing.
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.
It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.
It is more important what the jobs report shows in December and January -- that will affect how many rate hikes we'll have this spring.
In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.
It's hard not to empathize with the mayor's anger, given the injustices he'd suffered, but righteous anger rarely leads to wise policy.
In a way, it has been an advantage for me to be a woman because there is always some academic committee that needs you to fill a quota!
Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity.
Treat all economic questions from the viewpoint of the consumer, for the interests of the consumer are the interests of the human race.
It is when it is contended that "in a democracy right is what the majority makes it to be" that democracy degenerates into demagoguery.
Growth chestnuts have to be placed on the unyielding anvil of biophysical realities and then crushed with the hammer of moral argument.
The scientific study of labor economics provided the opportunity for me to unite theory with evidence my lifetime intellectual passion.
Every man should be considered as having a right to the character which he deserves; that is, to be spoken of according to his actions.
What is the motive which operates in every man's breast to counteract the impulse towards the gratification of his wants and appetites?
It is the business of economists, not to tell us what to do, but show why what we are doing anyway is in accord with proper principles.
Sleep is no servant of the will; it has caprices of its own; when courted most, it lingers still; when most pursued, 'tis swiftly gone.
A wrong decision isn't forever; it can always be reversed. The losses from a delayed decision are forever; they can never be retrieved.
Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell.
Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
I think that systems that are based on employment are illogical and attempts to meet them create all sorts of unnecessary complexities.
Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
I say thank God for government waste. If government is doing bad things, it's only the waste that prevents the harm from being greater.
Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.
I'm standing here saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing.
Adaptation can efficiently reduce the costs of climate change while atmospheric concentrations of greenhouse gases are being stabilised
As an undergraduate, I did maths and physics. That doesn't make me a scientist. So I try to read and understand and talk to scientists.
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
Charter Cities has been approached in many different ways, by many people acting as individuals or as representatives of organizations.
But if we set our minds to improving technology, we can improve it in a direction that seems important to us and even at a faster rate.
What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.
Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.
There is no perception among the American people, nor their elected representatives, that there is a serious problem that needs fixing.
There is not some glorious theoretical synthesis of capitalism that you can write down in a book and follow. You have to grope your way
I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive.
Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
I sometimes call Donald Trump the placebo president. He will talk a big game, but for domestic policy I think change remarkably little.
An house is of a double nature, viz., one, wherein it is a way and means of expence, the other as it is an instrument and tool of gain.
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
In this country, we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax.
While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
Dreams express what your soul is telling yu, so as crazy as your dream might seem - even to you - I don't care: You have t let that out.
There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.
I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.