Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
Tyler Cowen
LifeEconomicsBetterDecisionsHelp
I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.
Cass Sunstein
LoveEconomicsFoundationInteresting
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don't know very much in economics.
Thomas Piketty
DayEconomicsThinkEndToo Much
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
Edward C. Prescott
EconomicsCreateSeeEconomistsOwn
Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students.
Tim Harford
GoodEconomicsBookEnoughOut
I'm double majoring in social studies - which is sociology, anthropology, economics, and philosophy - and African-American studies.
Yara Shahidi
EconomicsPhilosophySociologyDouble
In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real behavior that they started writing down models of highly rational behavior - and they kind of forgot about humans.
Richard Thaler
SmartWritingEconomicsBehavior
Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.
Uday Kotak
GoodEconomicsSolutionIndiaWill
We shouldn't measure everything in terms of GDP figures or economics. There is something called quality of life.
Nigel Farage
LifeQualityEconomicsMeasureGDP
I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is.
Quincy Jones
MoneyRacismEconomicsOverOut
In economics, it is easier to agree on the data than to agree on causality.
Moshe Vardi
EconomicsDataAgreeEasierThan
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
N. R. Narayana Murthy
TogetherEconomicsRichGoLiving
I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.
Mark Skousen
TimeExperienceEconomicsWallOut
I think that, especially among conservatives, there's a clear understanding that there are three legs to the conservative stool. There are the free-market economics conservatives, the social conservatives, and the national-security conservatives.
John Bolton
EconomicsThinkUnderstandingThree
It was interesting to find how dominating American vision is all over the world. I think there's something to be said about the world's mindset and its economics and all of that, and I think it affects the way we see ourselves and it affects music.
K'naan
MusicVisionEconomicsWorldMindset
There are two kinds of games in economics. One is the game where people use only legal moves. Then there is the true game, the one like real life, where the strategies and moves people make, some of them contain illegal gains.
Leonid Hurwicz
LifePeopleEconomicsGameLegal
I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics as much as seems reasonable because the economists who use more mathematics are somehow more respected than those who use less. That's the trend.
John Forbes Nash, Jr.
MathematicsWiseEconomicsGameMore
Being working class, my parents thought, 'Ian's going to uni, the first in the family,' and I'd do dentistry or accountancy. I was going to do accountancy; then I got a C in Economics and thought, 'Why am I doing this?' The only thing I was interested in was books and literature.
Ian Rankin
FamilyParentsEconomicsThoughtWhy
The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles.
Kenneth Arrow
InfluenceEconomicsEconomyOver
The difficulty for the Government is there's this ideological straitjacket of the market will provide, let the market rip and everything will work out... It's back to trickle-down economics, which, it's plain to see, have not delivered.
Frances O'Grady
WorkGovernmentEconomicsBackWill
For centuries, economic thinkers, from Adam Smith to John Maynard Keynes, have tried to identify the elusive formula that makes some countries more prosperous and successful than others. My curiosity about this topic spurred me, as a young professor of economics in the late 1970s, to research new ways of measuring national competitiveness.
Klaus Schwab
MeResearchEconomicsCuriosityLate
We judge economics by what it can produce. As such, economics is rather more like engineering than physics: more practical than spiritual.
Robert J. Shiller
SpiritualEconomicsEngineeringJudge
The moment is ripe for an experienced businessman to talk practical, prudent economics to the electorate - which is why Mitt Romney's political fortunes are steadily being resurrected from the grave.
Camille Paglia
MomentEconomicsPoliticalWhyTalk
Art does, to some extent, follow economics.
James Turrell
ArtEconomicsFollowSomeDoes
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