A Quote by Lawrence Summers

What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

Lawrence Summers

Quote Topics

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Quote Author

Lawrence Summers
American - Economist
Born: November 30, 1954

The invisible hand in politics operates in the opposite direction to the invisible hand in the market.

Milton Friedman

As far as CGI and hand-drawn animation, I consider them both nothing more than tools for drawing pictures, the same as crayons or oils. Which is why, to me, the most important thing is what it is you are drawing, and in the themes that I depict, I think hand-drawing is the most effective.

Mamoru Hosoda

Standardised tests cannot capture all, but on the other hand, students who are not capable of doing well on standardised tests are not well-equipped to thrive in today's world and so it's important for teachers to ensure that students gain the foundation necessary to meet the baseline educational standards these tests represent.

Wendy Kopp

There may be no single thing more important in our efforts to achieve meaningful work and fulfilling relationships than to learn to practice the art of communication.

Max de Pree

I have find that today's students are often more tolerant of human variance than students in earlier generations might have been. On the other hand, some of our students need much more interaction with a wide variety of peers so they level of understanding deepens and so they are prepared to live in a world that is only going to get smaller.

Carol Ann Tomlinson

If for you the most important thing is to make a lot of money, then you don't want to take a certain type of risk. If, on another hand, the most important thing to you is to make people around you have a more fulfilled life, then there is a different set of things that are important to you. Unless you really know that about yourself, you will never be able to appropriately assess risk.

Benjamin Carson

Of course, the world is full of problems. But on the other hand it's important to get the sense... are we generally moving in the right direction or the wrong direction?

Bjorn Lomborg

The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.

Louis O. Kelso

The hidden hand of the market will never work without a hidden fist.

Thomas Friedman

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

Economics is too important to leave to the economists.

Steve Keen

People ask how I learned to play bass with one hand. Well, with a face like mine, you learn to do a lot of things with one hand.

Peter Steele

Justice is always naive and self-confident; believing that it will immediately win once recognized. That is the reason why the forces of Justice are so poorly organized. On the other hand, the Evil is cynic, sly and fantastically organized. It never ever has the illusion of the ability to stand on its own feet and to win in a fair competition. That is why it is ready to use any kind of means without hesitation. And of course it does - under the banners of the most noble ideas.

Vladimir Bukovsky

The hidden hand of the market will never work without a hidden fist -- McDonald's cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley's technologies is called the United States Army, Air Force, Navy and Marine Corps.

Thomas Friedman

The hand that gives is among the hand that takes. Money has no fatherland, financiers are without patriotism and without decency, their sole object is gain.