James Surowiecki Quotes About Economists

Quotes about: Economists

• Intellectual-property rules are clearly necessary to spur innovation: if every invention could be stolen, or every new drug immediately copied, few people would invest in innovation. But too much protection can strangle competition and can limit what economists call 'incremental innovation' - innovations that build, in some way, on others.

  James Surowiecki

  People, Drug, Competition

  "Exporting I.P". www.newyorker.com. May 14, 2007.

• Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.

  James Surowiecki

  Differences, Making A Difference, Tasks

  "The Stimulus Strategy". www.newyorker.com. February 25, 2008.

• Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer.

  James Surowiecki

  Real, People, Pay

  "The Fairness Trap". www.newyorker.com. June 4 & 11, 2012.

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