Economist Quotes - Page 19

• Democracy will defeat the economist at every turn on its own genre.

  Harold Innis

  Democracy, Defeat, Economics

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• I think that whether you're on the right or on the left as an economist or as a policy maker, every serious analyst I know agrees that at some point you have to deal with entitlements.

  Peter Blair Henry

  Thinking, Serious, Entitlement

  "The Tavis Smiley Show", www.pbs.org. May 16, 2013.

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• Scholars today are under increasing pressure to publish. Consequences of this pressure are incentives to deviate from the truth

  Bruno Frey

  Incentives, Today, Pressure

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• If economists did not concern themselves with economic efficiency, nobody would.

  Dennis Holme Robertson

  Economics, Efficiency, Concern

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• The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying.

  Noam Chomsky

  Years, Intellectual, Imf

  "Chomsky: "The Business Elites... Are Instinctive Marxists"". Interview with Keane Bhatt, truth-out.org. November 19, 2010.

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• he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.

  Denis Hayes

  Zero, Quality, Cards

  Source: therumpus.net

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• Inflation is always and everywhere a monetary phenomenon.

  Milton Friedman

  Economics, Monetary Policy, Phenomenon

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

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• The point of studying economics is so as not to be fooled by economists.

  Joan Robinson

  Study, Economics, Fooled

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• Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.

  Thomas Piketty

  Girlfriend, Outsiders, Impossible

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• You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.

  Jamie Dimon

  Real, Book, Recovery

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• As an economist, I'm aware that life is full of trade offs.

  Peter Blair Henry

  Life Is, Trade, Trade Offs

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• For a country, everything will be lost when the jobs of an economist and a banker become highly respected professions.

  Baron de Montesquieu

  Country, Jobs, Bankers

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• Ngozi Okonjo-Iweala Is Not An Economist, She Is A Demographer

  Tam David-West

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• Beware of economists who hide assumptions.

  Anat R. Admati

  Assumption

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• My name is Mart Laar. I have been twice Prime Minister of Estonia, and I'm not an economist.

  Mart Laar

  Names, Estonia, Prime

  "What Would the World Look Like if Economists Were in Charge?". Interview with Stephen J. Dubner, Freakonomics Radio, March 24, 2010.

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• 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.

  Ralph Waldo Emerson

  Country, School, Men

  Ralph Waldo Emerson (1883). “Emerson's Complete Works”

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• My ma is an economist. My dad is a software engineer.

  Suraj Sharma

  Dad, Software, Engineers

  "Next Factor Q&a: 'Life Of Pi' Star Suraj Sharma". Interview with Kevin Polowy, www.mtv.com. November 21, 2012.

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• 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.

  Odd Nerdrum

  Simple, Choices, Directors

  Source: sturm-lie.be

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• Why did God invent economists? To make weathermen feel good about themselves.

  David I. Rozenberg

  Feel Good, Investing, Weathermen

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• 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.

  Muhammad Yunus

  Teaching, People, Poverty

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• I started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.

  E. F. Schumacher

  Errors, Intellectual, Environmental

  E.F. Schumacher (1975). “Small is Beautiful”

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• Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor.

  Andrew Lo

  Simple, Psychological Disorders, Law

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• 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.

  Warren Buffett

  Investing, Ears, Tvs

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• Stewart Davenport conscientiously and insightfully re-creates the world of the nineteenth-century political economists, who taught that the principles of international trade manifested, like the laws of biology and physics, the intelligent design of a Divine Creator.

  Daniel Walker Howe

  Intelligent, Law, Design

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• My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?

  Andrew Lo

  Mother, Cancer, Years

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