A Quote by Kurt Bills

Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.

Kurt Bills

Quote Topics

Around Around The World Current Current Events Discovering Economic Economics Economists Events Extended Eyes Facets Financial Geopolitics How Keeping Many Opened Order Politics And Economics Reading Up Various Works World

Quote Author

Kurt Bills
American - Politician
Born: January 8, 1970

One of the profound effects of economics in our day is that the people with the money and the power have embraced the guilt-free, external-less, everything-will-turn-out-okay-in-the-end philosophy of economics in order to justify their own evil works. And the economists, for the most part, have sucked up to that money.

Jane Smiley

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '

Ronald Coase

American intelligence and military agencies have a huge footprint in terms of how the world works, but they're largely invisible. I'm interested in exploring those 'geographies' of secrecy from many different angles: political, legal, economic, spatial, etc., because I am fundamentally just interested in how the world works and how societies work.

Trevor Paglen

Nothing in these abstract economic models actually works in the real world. It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality.

Noam Chomsky

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.

Charlie Munger

Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.

Thomas Pogge

Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications.

James R Newman

Science is really about describing the way the universe works in one aspect or another in all branches of science-how a life-form works, how this works, how that works. ... You have to have a natural curiosity for that.

Steven Chu

Marches work, rallies work, civil disobedience works, direct action works, voting works, writing letters works, speaking to churches and schools works, rioting works.

Cleve Jones

Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics profession contributes anything significant to society.

Robert J. Shiller

We do not read in order to turn great works of fiction into simplistic replicas of our own realities, we read for the pure, sensual, and unadulterated pleasure of reading. And if we do so, our reward is the discovery of the many hidden layers within these works that do not merely reflect reality but reveal a spectrum of truths, thus intrinsically going against the grain of totalitarian mindsets.

Azar Nafisi

We live in a world community, and economic contact has partly contributed to that. It?s also the case that economic opportunity opened up by economic contact has helped to a great extent to reduce poverty in many parts of the world.

Amartya Sen

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

Andrew Lo

In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.

Kenneth E. Boulding

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing.