Top 287 Economist Quotes & Sayings - Page 4

One of the best predictors of policy around is Thomas Ferguson's investment theory of politics, as he calls it - very outstanding political economist - which essentially - I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.

Joseph Stiglitz was the chief economist of the World Bank for three years till January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. No one can speak more authoritatively or with greater inside knowledge about the functioning of the Washington consensus institutions.

Whether the flavour of economic advice you like is conservative or liberal, you will find that flavour available from some 'reputable' economist, since there is no single standard to which all 'reputable' economists must repair.

I've met Dick Syron. I like the guy. He's a man's man kind of character, a real charmer, the kind of guy you'd want to have a beer with, as well as being an economist of considerable repute.

I stay up on current events. I read 'The New Yorker' and 'The Economist.' I go to community meetings to see what concerns the people in my neighborhood. I studied literature in college, so I also continue to read poetry, literature, and novels.

I'm delighted when people respond with passion and readily intensity to my work. Literature is not as the economist would put it a positional good; in other words, there is infinite space for good literature.

But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.

I don't like the Sunday newspapers - I read them because I have to. 'Sunday Times,' 'Telegraph,' 'Independent' on Sunday - I find them heavy and too much! I prefer 'The Economist.'

A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens.

Not a single one of the doctrines of Marx has ever been accepted by any economist or any philosopher. But what of it? It was necessary that Gaiseric should convince economists or philosophers that there were sound reasons why he should capture Rome. He and his followers wanted it, and they had the power to take it.

I am not an economist... I am not a business technician. I am a revolutionary, and I do what is right for an economic revolutionary.

Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.

For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.

If a magazine proudly labels itself 'The Economist,' you would expect that publication to understand the economic burdens of today's youth. But when a tone-deaf writer at the magazine tweets an article asking 'Why aren't millennials buying diamonds,' it pretty much sums up how oblivious some can be in matters they're supposed to be experts in.

Economist and Africa expert Collier analyzes why a group of 50 nations, home to the poorest one billion people, are failing. Considering issues such as civil war, dependence on extractive industries, and bad governance, he argues that the strongest industrialized countries must enact a plan to help with international policies and standards.

If you hear an expert talking about the Internet and saying it [does] this, or it will do that, you should treat it with the same skepticism that you might treat the comments of an economist about the economy or a weatherman about the weather.

Climate policy has almost nothing to do anymore with environmental protection, says the German economist and IPCC official Ottmar Edenhofer. The next world climate summit in Cancun is actually an economy summit during which the distribution of the worlds resources will be negotiated.

During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.

I was trained to become an economist and I finished my work and I was teaching and did my PhD so I thought I did that. I prepared myself for that kind of road. But then I realized that I had not learned enough to solve the problem of poverty. So I distanced myself from the things that I learned and tried to learn anew about people.

It's because finance is so baffling that makes being an economist such a safe option. It nestles down comfortably with psychiatry and astrology as a profession where getting it patently wrong is just not a problem - and also, rather wonderfully, seems to have no adverse affect on their professional standing whatsoever.

The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs.

[The notion of equilibrium] is a notion which can be employed usefully in varying degrees of looseness. It is an absolutely indispensable part of the toolbag of the economist and one which he can often contribute usefully to other sciences which are occasionally apt to get lost in the trackless exfoliations of purely dynamic systems.

Government spending? I don't know what it's all about. I don't know any more about this thing than an economist does, and, God knows, he doesn't know much.

As a preacher, I should be prompted to tell men, not so much how to get their wheat bread cheaper, as of the bread of life compared with which that is bran. Let a man only taste these loaves, and he becomes a skillful economist at once.

The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.

I'm not an economist, but I have spent time around thousands of small-business owners and investors, and I remain skeptical - despite the best intentions of the Fed - that even lower interest rates can make a meaningful dent in our unemployment problem.

Almost every economist agrees that the American health care system is unsustainable. Medical care is so expensive that it is busting all of our budgets - government, business, and personal. Eventually, the medical price bubble will pop. What, then, are the alternatives?

Combining valuable insights from his experience in China, his time as the World Bank's chief economist, and the 2008 financial crisis, Justin Yifu Lin's recommendations for development policy reflect an impressive and unique personal journey.

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back

I mean, you just go down the line, and with any of these issues, it's about rich people staying rich. And using poverty as a weapon against people. That's what we see every day. And I'm not an economist, so I can't speak to the nuances of it, but just common sense tells me the whole thing is corrupt.

Universally, the better gold the worse man. The political economist defies us to show any gold mine country that is traversed by good roads, or a shore where pearls are found on which good schools are erected.

In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.

Ultimately, however, as the Austrian economist Joseph Schumpeter pointed out, a powerful bureaucratic class is in the same relation to commerce as was the scorpion in Aesop to the dog on whose back he crossed the river. They will destroy commerce and establish socialism, even if it kills them, because that is their nature.

I had a choice. I could become an economist & managing director. I choose to do something else. I would have become much, much richer than I am. I choose to not do that. It's that simple.

I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

There is a beauty in discovery. There is mathematics in music, a kinship of science and poetry in the description of nature, and exquisite form in a molecule. Attempts to place different disciplines in different camps are revealed as artificial in the face of the unity of knowledge. All literate men are sustained by the philosopher, the historian, the political analyst, the economist, the scientist, the poet, the artisan and the musician.

In my wide travels across the world and my meetings with various heads of states, be that Africa or South Asia, Singapore or in high level meetings in the U.S., U.K. or Japan, one common mention is about Dr. Singh's extraordinary reputation as a Wise Man, an outstanding Economist and a fine Gentleman.

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

The welfare state is institutionalized crime - 'organized plunder,' as the French economist Frederic Bastiat called it. It systematizes what is intrinsically wrong: forcing some people to support others. The Democrats favor the indefinite expansion of the welfare state, perpetually increasing the ratio of force to freedom in society.

There are, of course, a number of epistemological questions, some of which lie more in the province of the philosopher than they do the economist or the social scientist. The one with which I am particularly concerned here is that of the role of knowledge in social systems, both as a product of the past and as a determinant of the future.

It became clear I wanted to be a development economist. I mean, I said I wanted to work on the economics of poor countries. And I'd actually say that I don't think that was so much about narrowing the gap as about increasing their incomes, which means economic growth, which is really my prime interest.

Shoji Ito was an Indophile like no other Japanese economist I have known. During the 1990s, he would frequently visit India to keep pace with the changes in the economy. We would always meet and have long conversations about India, Japan, and the world. Unfortunately, Ito-san died early.

Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might destroy it.

When I was starting out, when I put aside my career as an economist. I looked at every book, went to every show, did my first stories, developed my first films. A fabulous time.

I love magazines. I always read 'Time,' 'Newsweek' and 'The Economist.' When I get my hair cut, French 'Vogue,' French 'Elle,' 'Paris Match' - I read them all in 10 minutes.

Just because you read a report in the 'New York Times,' the 'Economist,' or, yes, 'The New Yorker' doesn't make it true. But we do know that a few people have evaluated that story with what strikes me as fairly objective standards of reason.

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentists to be able to forecast how many teeth you'll have when you're 80. You expect them to give good advice and fix problems.

Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.

I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education.

An economist says that essentially more for you is less for me, but the lover knows that more for you is more for me, too.

I am a woman, I am a housewife, I am a government official, I've been twice a government secretary, I've been leader of a parliamentary group, I am an economist.

With various people complaining about "price gouging?... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" ? not even when they bulldoze people's homes in order to turn.

As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.

Nature's economy shall be the base for our own, for it is immutable, but ours is secondary. An economist without knowledge of nature is therefore like a physicist without knowledge of mathematics.

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.

When former President Carlos Salinas de Gortari passed the torch to Zedillo, he knew that economic difficulty lay ahead but believed that the Yale-trained economist's impeccable technical credentials would be enough to maintain Mexico's stability.

I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate.

There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world or by political and financial elites. Hence they must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything.

If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd pay a higher wage if they didn't take it. That's a huge loss to the Treasury.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.