Economics Quotes - Page 35

• I think there are two areas where new ideas are terribly dangerous: economics and sex. By and large, it's all been tried, and if it's really new, it's probably illegal or dangerous or unhealthy.

  Felix Rohatyn

  Love, Sex, Thinking

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• Ask five economists and you'll get five different answers - six if one went to Harvard.

  Edgar Fiedler

  Business, Insperational, Hands

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• Any city, however small, is in fact divided into two, one the city of the poor, the other of the rich; these are at war with one another.

  Plato

  Plato, War, Cities

  Plato (1977). “The Portable Plato”, p.252, Penguin

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• The Gods did not reveal, from the beginning, all things to us, but in the course of time through seeking we may learn & know things better. But as for certain truth no man knows it, nor shall he know it, neither of the Gods nor yet of all things that I speak. For even if by chance he were to utter The Final Truth, he would himself not know it: for all is but a woven web of guesses.

  Xenophanes

  Ignorance, Men, Woven

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• Admitting one's ignorance is the first step in acquiring knowledge.

  Socrates

  Ignorance, Admitting, Firsts

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• People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black Swans' - are inevitable. Some are likely to be desperately unpleasant too

  Martin Wolf

  Ignorance, Thinking, Swans

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• My surroundings have always been conducive to achieving what you want and believing in self 100 per cent; not being afraid to stand up and voice your opinion.

  Poppy King

  Wisdom, Business, Believe

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• Australians always want everyone to be average, as if the best thing you can do is fit in.

  Poppy King

  Wisdom, Business, Average

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• Economists who speak the English tongue are strangely intimidated by mathematical symbols.

  Al Nichol

  Tongue, Speak, Mathematical

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• I have yet to meet the famous Rational Economic Man theorists describe. Real people have always done inexplicable things from time to time, and they show no sign of stopping.

  Charles S. Sanford, Jr.

  Real, Men, People

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• Emergent properties result from interactions between individual parts, so it follows that a top down analytical approach that begins with the whole and dissects it into its constituent parts is bound to miss precisely those emergent properties

  Manuel De Landa

  Top Down, Missing, Individual

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• A wide range of social, collective phenomena can be made to emerge from the interactions of autonomous agents operating to simple local rules

  Robert Axtell

  Simple, Agents, Social

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• Cultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the cultures we possess vary enormously. Indeed, the variability, over time and space is the great evolutionary advantage of humanity. Instead of changing biologically over millennia, human beings can change culturally over decades

  Martin Wolf

  Animal, Space, Diversity

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• Mob rule and emasculation of the wise' and 'who will watch the guardians'?

  Plato

  Wise, Mob Rule, Watches

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• A cunning fellow is man, inventive beyond all expectation, he reaches sometimes evil and sometimes good

  Sophocles

  Men, Evil, Expectations

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• It's just economics 101: When it's free to pollute, you get more pollution. But when there's a price to pay, industry will have an incentive to find low-cost carbon solutions.

  Fred Krupp

  Energy, Cost, Incentives

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• Target SME's and you target women because that is where they access the business sector.

  Linah Mohohlo

  Target, Access

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• Economics is really politics in disguise.

  Hazel Henderson

  Disguise, Capitalism

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• This is a timely and relevant initiative. The environmental challenges facing Singapore and the region are becoming more complex. Tackling them will require inter-disciplinary approaches combined with a good understanding of science, economics and governance aspects. The NUS Bachelor of Environment programme will fill a much needed gap in the current framework. NEA is pleased to be a partner to this programme.

  Andrew Tan

  Understanding, Challenges, Environmental

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• Somehow, when everything is too easy it's not necessarily the right recipe for success

  Debbie Moore

  Business, Recipes, Management

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• Millions of individuals making their own decisions in the marketplace will always allocate resources better than any centralized government planning process.

  Ronald Reagan

  Government, Presidential, Decision

  United States. President (1981-1989 : Reagan), Ronald Reagan (1983). “Ronald Reagan”

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• We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.

  Herbert Hoover

  Presidential, Debt, Spending

  Herbert Hoover (1938). “Addresses upon the American road”

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• Freedom requires that government keep the channels of competition and opportunity open, prevent monopolies, economic abuse and domination.

  Herbert Hoover

  Opportunity, Government, Presidential

  Herbert Hoover (1946). “Addresses Upon the American Road”

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• Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to. . . . We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits.

  Arianna Huffington

  Air, Water, Car

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• We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.

  Franklin D. Roosevelt

  Running, Self, Long

  Franklin D. Roosevelt (1995). “The Essential Franklin Delano Roosevelt”, Gramercy

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