A Quote by Thomas Sowell
Economics is concerned with what emerges, not what anyone intended.
Related Quotes
Thus we seem to be on the verge of an expansion of welfare economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.
Terrorism is an immediate problem that people are very concerned about, and I am as concerned about that as anyone else. But it isn't an either or situation.
Crow paced back and forth, his form flickering like flame. "It's been a thousand years, Alister. I never intended for anyone to find it, so it's very well protected. One little misstep, and you and my line will be history." "Since when are you so concerned about your line?" Han said. Crow stared at him for a long moment. "Since I found out I had one.
The United States is not nearly so concerned that its acts be kept secret from its intended victims as it is that the American people not know of them.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
We are not wedded to anyone in Syria. We are not concerned with any personality. We are concerned with keeping Syria in one piece, territorially integral, sovereign, independent and secular, where the rights of all groups, ethnic and others, are fully respected.
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.
While I tend to side with economist Milton Freidman when it comes to free-market economics, there is a place for 'Made in the U.S.A.' where national security is concerned.
I also believe - and hope - that politics and economics will cease to be as important in the future as they have been in the past; the time will come when most of our present controversies on these matters will seem as trivial, or as meaningless, as the theological debates in which the keenest minds of the Middle Ages dissipated their energies. Politics and economics are concerned with power and wealth, neither of which should be the primary, still less the exclusive, concern of full-grown men.
Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling.
Every problem emerges from the false belief we are separate from one another, and every answer emerges from the realization we are not.
I came out to my parents when I was a junior in college. And it was pretty fine. They were more concerned with why I wasn't dating anyone. But now I'm 36, and I still don't date anyone.
Just as the mind emerges from the actions of individual neurons and their cooperation, the success of an organization emerges not only from its individual participants, but also from the interplay between them.
We can't be useful to ourselves unless we're useful to others .... Anyone concerned only by his own well-being will suffer eventually. Anyone concerned with the well-being of others takes care of himself without even thinking about it. Even if we decide to remain selfish. let us be intelligently selfish - let us help others.
If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.
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