A Quote by Paul Samuelson
Economics is a choice between alternatives all the time. Those are the trade-offs.
Related Quotes
In many cases, water stress is more about politics, economics, behaviour and governance than absolute water scarcity. Better planning is needed, to allocate water where societal need is greatest, and to allow trade-offs between alternative uses.
It's those difficult times that inform the next wonderful time, and it's a series of trade-offs, of events, of wins and losses.
If decisions were a choice between alternatives, decisions would come easy. Decision is the selection and formulation of alternatives.
A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives.
I've always believed happiness is overrated, you know? It’s those difficult times that inform the next wonderful time, and it’s a series of trade-offs, of events, of wins and losses.
In Hollywood, the ... basic freedom of being able to choose between alternatives is absent. The gifted people who have the capacity for choice cannot exercise it; the executives who technically have the freedom of choice do not actually have it, because they usually lack the knowledge and imagination necessary for making such a choice.
In the end, life is wonderful but nonetheless a series of trade offs, especially between business/professional endeavours and family/community.
The choice between two of something is not a choice at all, but rather the opportunity to subscribe to the value system which holds the two presented choices as mutually exclusive alternatives.
A failure to learn about Satan's plan for man here on earth would be fatal to the full exercise of free agency. The reason for this lies in the fact that . . . free agency is the opportunity to choose between good and evil. To intelligently make such a choice one must understand the alternatives-both of them. To the extent one is ignorant of these alternatives, to that same extent he has not made a complete choice. Until a person understands Satan's plan, he can never be certain he does not believe in it and is not helping to carry it out.
The EU has made it very clear that for frictionless trade and no tariffs on goods there is a mechanism for achieving that, but there are consequences. There are trade-offs that will have to happen.
The public has a right to know what kind of monitoring the government is doing, and there should be a public discussion of the appropriate trade-offs between law enforcement and privacy rights.
A choice is the root of all morality. Without choice, one can have no moral code. In a vacuum bereft of alternatives, there can be no values. And without values, there can be no reason for a code of ethics. What gives our lives meaning is which alternatives we choose. If we have no options, if we can take but one path, we are by definition slaves.
My fellow economists and academics fail to understand the economics of trade in the real world. Traditional models of academia respect free trade without considering whether it is fair trade.
The myth is that women and their families don't have to make trade-offs to have an 'extreme career'; they absolutely do. How you prioritize your life and career is your choice. Once you make a decision, stick to it; don't always second-guess yourself.
I became a vegetarian in 1958 and it was very difficult in those days to really maintain that because there weren't many options... alternatives. But, now, it's a growing trend because... the economics are there. See, there's simply enough people demanding it that it's profitable to supply vegetarians with those products.
Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.
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