James Surowiecki Quotes About Economy

Quotes about: Economy

• In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.

  James Surowiecki

  Country, Heart, Done

  "State of the Unions". www.newyorker.com. January 17, 2011.

• 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.

• Now, modern economies have a very effective mechanism for deciding if salaries are really too high: it's called the free market. That's how most people's salaries are set, after all, including those of major-league baseball players and European soccer players.

  James Surowiecki

  Soccer, Baseball, Player

  "Scrimmage". www.newyorker.com. March 21, 2011.

• To be sure, if you watch CNBC all day long you'll pick up some interesting news about particular companies and the economy as a whole. Unfortunately, to get to the useful information, you have to wade through reams of useless stuff, with little guidance on how to distinguish between the two.

  James Surowiecki

  Useless Stuff, Two, Long

• Unlike fuel-economy standards, the most common method of reducing demand for oil over the past thirty years, a gas tax doesn't tell people what kind of car to drive. It simply raises the price of gasoline and lets people adjust their behavior accordingly.

  James Surowiecki

  Past, Years, Oil

  "Pump Pressure". www.newyorker.com. September 26, 2005.

• What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

  James Surowiecki

  Jobs, Cost, Wages

• Downsizing itself is an inevitable part of any creatively destructive economy.

  James Surowiecki

  Insightful, Marketing, Economy

• Of course, presidents are always blamed or rewarded for the state of the economy.

  James Surowiecki

  President, Economy, States

  "Second Helpings". www.newyorker.com. September 20, 2010.

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