A Quote by W. Brian Arthur

If economics wants to understand the new economy, it not only has to understand increasing returns and the dynamics of instability. It also has to look at cognition itself, something we have never done before in economics.

W. Brian Arthur

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Also Before Cognition Done Dynamics Economics Economy Increasing Instability Itself Look Never New Only Returns Something Understand Wants

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W. Brian Arthur
Economist
Born: July 21, 1946

I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail.

Michael Dell

I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.

David Wessel

A conveyor belt of Think Tank pundits and allied operatives poured into the TV studios, and together they built a fortress around Mrs. Thatcher's memory that was rooted in theories about economics. They did this because economics is the only language that wonks understand.

Adam Curtis

I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working.

Rick Perry

I studied economics with some teachers from ESADE. It's a really good school here in Spain. They helped me to understand a little about numbers, stats, economics, etc.

Gerard Pique

Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.

Thomas Sowell

My mother and my father taught me to look at the actual problem, not the face of it, not the veneer of it. So for me, I was never - I was impressed that it - racially, I was impressed, right, but now in America it's about economics, and it's been about economics, and honestly, everything's been about economics since I don't want to say the beginning of time, but it's been about economics for a long while.

Lupe Fiasco

Experimental economics is about conducting experiments: bringing economics into the laboratory or creating controlled conditions in the field that allow us to understand better what we are seeing in less controlled circumstances.

Alvin E. Roth

We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production.

Peter Boettke

My Prime Minister regards the economy as our highest priority and forgets that economics and ecology are derived from the same Greek word, oikos, meaning household or domain. Ecology is the study of home, while economics is its management. Ecologists try to define the conditions and principles that enable a species to survive and flourish. Yet in elevating the economy above those principles, we seem to think we are immune to the laws of nature. We have to put the ‘eco’ back into economics.

David Suzuki

It's hard to fathom the psychology of the economics of art. I don't quite understand it, and I don't necessarily want to understand it.

Philip Taaffe

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

Paul Samuelson

Economics taught in most of the elite universities are practically useless in my context. My country is dominated by drug economy and a mafia. Textbook economics does not work in my context, and I have very few recommendations from anybody as to how to put together a legal economy.

Ashraf Ghani

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

Evan Davis

You can't just read the Koran to understand Muslim life. You have to look at history, at personalities, at economics, and so on.

Daniel Pipes

I think more to the point, these pivotal times means something other than a politician. I understand the economy. I understand the world. I have a lot of foreign policy experience. I understand bureaucracies. I understand technology, and I understand leadership.

Carly Fiorina

A Quote by W. Brian Arthur

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