A Quote by Vaclav Klaus

I was 25 years old and pursuing my doctorate in economics when I was allowed to spend six months of postgraduate studies in Naples, Italy. I read the Western economic textbooks and also the more general work of people like Hayek. By the time I returned to Czechoslovakia, I had an understanding of the principles of the market. In 1968, I was glad at the political liberalism of the Dubcek Prague Spring, but I was very critical of the Third Way they pursued in economics.

Vaclav Klaus

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Allowed Also By The Time Critical Czechoslovakia Doctorate Economic Economics General Glad Had Hayek Italy Liberalism Like Market Months More Naples Old People Political Prague Principles Pursued Pursuing Read Returned Six Six Months Spend Spring Studies Textbooks Third Time Understanding Very Way Western Work Years

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Vaclav Klaus
Czechoslovakian - Statesman
Born: June 19, 1941

By the time I returned to Czechoslovakia, I had an understanding of the principles of the market.

Vaclav Klaus

When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.

Michael Hudson

Who would have predicted... that Dubcek, who brought the tanks in in Czechoslovakia in 1968 is now being proclaimed a hero in Czechoslovakia. Unbelievable.

Dan Quayle

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.

Robert Reich

There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.

Dambisa Moyo

And one of the worst effects was that by suppressing critical thought, it also suppressed critical thought in the field of economics and hampered the development of economics - and the country would fall back further and further in the economic competition with the West.

Stefan Heym

I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.

Nouriel Roubini

I began my career as an economics professor but became frustrated because the economic theories I taught in the classroom didn't have any meaning in the lives of poor people I saw all around me. I decided to turn away from the textbooks and discover the real-life economics of a poor person's existence.

Muhammad Yunus

The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.

Paul Samuelson

The Polish freedom movement of 1968 lost its confrontation with police violence; the Prague Spring was crushed by the armies of five Warsaw Pact members. But in both countries, 1968 gave birth to a new political consciousness.

Adam Michnik

...we're going to be in an economic slowdown for a couple of years. So to take three months, four months, six months to spend this money the right way-we're not going to get a chance to spend a trillion dollars again! Ever. So let's do it the right way.

Van Jones

An old market had stood there until I'd been about six years old, when the authorities had renamed it the Olde Market, destroyed it, and built a new market devoted to selling T-shirts and other objects with pictures of the old market. Meanwhile, the people who had operated the little stalls in the old market had gone elsewhere and set up a thing on the edge of town that was now called the New Market even though it was actually the old market.

Neal Stephenson

I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.

David Plotz

I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx.

John Kenneth Galbraith

The more people that understand and are made able to spot liberalism, and then the more people are able to associate liberalism with the problems in their lives, the political problems, the economic problems, the more people can be conditioned and educated to understand that liberalism is the problem, coupled with the ability to spot it, would be the fastest way to eradicate it. It would be really helpful if we had a Republican Party engaged in this.

Rush Limbaugh

There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.

Michael Jensen

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