Quotes of All Topics . Occasions . Authors
The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.
So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.
We now know that anything which is economically right is also morally right. There can be no conflict between good economics and good morals.
A wide range of social, collective phenomena can be made to emerge from the interactions of autonomous agents operating to simple local rules
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
Praxeology - economics - provides no ultimate ethical judgments: it simply furnishes the indispensable data necessary to make such judgments.
Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.
I studied economics. I studied industrial engineering. It wasn't until later, when I was around 26, that I really decided to go to film school.
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.
According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.
Only a true faith that applies God’s Word to everything-incl uding economics-will lead to the revival and reformation our culture needs so badly.
All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.
Monetary policy is one of the most difficult topics in economics. But also, I believe, a topic of absolutely crucial importance for our prosperity.
If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
"Law professors were never like economics professors," a Harvard Law professor told me. "If you disagreed with someone, you didn't call him a fool."
For every mountain there is another one. The big question is if you reach the top of the mountain, what then? What do you do then? I suppose you die.
Home economics - kids in school used to be taught how to shop, how to cook from scratch, how to be in control of their diets. Doesn't happen anymore.
'Economics for Everybody' begins with understanding God's principles for organizing His creation and what that means for us as creatures and stewards.
Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.
Before 'Life of Pi,' I wanted to do economics. And now, I realize how bad a mistake that would have been. I just can't see it as my cup of tea anymore.
We aim in the domain of politics at republicanism; in the domain of economics at socialism; in the domain of what is today called religion, at atheism.
I believe that economics is based on scarcity of markets. And it's possible to monetize your art without compromising the integrity of it for commerce.
Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.
It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions
Obama is a fine, very impressive person. He really is. Unfortunately, everything that he is doing in economics is exactly wrong. He is a crappy president.
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.
Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.
The engineer who counts cost as nothing as compared to the result, who holds himself above the consideration of dollars and cents, has missed his vocation.
The Greens will continue to champion a fairer society rather than simply the economy and to champion the parliament rather than simply the stock exchange .
The economy of the future might be called the "spaceman economy," in which the earth has become a single spaceship, without unlimited reservoirs of anything.
The barriers that renewables and efficiency face come less from our living in a capitalist market economy and more from not taking market economics seriously.
I do understand the free market, having my economics degree, and if someone on the right had some good ideas, I'm not so dogmatic that I wouldn't listen to them.
I am not a Ph.D. in economics or a doctorate in literature that I can afford to take my singing lightly. Even if I sing a jingle, I take it as seriously as oxygen.
I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.
Can there be a more lamentable picture than that of a Chancellor of the Exchequer seated on an empty chest by a pool of bottomless deficiency fishing for a budget?
We shall never have a science of economics unless we learn to discern the operation of law even among the most perplexing complications and apparent interruptions.
What is surprising is not that oppression should make its appearance only after higher forms of economy have been reached, but that it should always accompany them.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
There is a golden thread which runs through British history of the individual, standing firm against tyranny and then of the individual participating in his society
Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).
Bitcoin represents the first major breakthrough in economics and finance since double-entry bookkeeping was invented in 1494, and activists need to embrace its power.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.
Economic controversy is generally a thankless task. You cannot hope to make any impression on your opponent. Yet he is the only reader on whose interest you can count.
If we can go some way to creating a vibrant anaerobic digestion industry here in the U.K., we will be reaching our goals both in terms of economics and the environment.
The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.
It is much more difficult to measure non-performance than performance. Performance stands out like a ton of diamonds. Non-performance can almost always be explained away
Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savagestands on the unelastic plank of famine.
I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.