Quotes from Tyler Cowen

If you have an unusual ability to spot, recruit, and direct those who work well with computers, even if you don't work well with computers yourself, the contemporary world will make you rich.

we tend to visualize future events very poorly and with a deficit of proper imagination.

The lesson about food is that the most predictable and the most orderly outcomes are always not the best. They are just easier to describe. Fads are orderly. Food carts and fires aren't. Feeding the world could be a delicious mess, full of diverse flavors and sometimes good old-fashioned smoke.

As chain stores rise, there is also a loss of dynamism, competition, and market entry for new ideas and products. Keep in mind that today's major chain was once a small individual store on a street somewhere. A bit more economic chaos, even if it is inconvenient in the short run, actually tends to be correlated with higher rates of innovation.

When I look back at the last decade, I think the following: There are some very wealthy people, but a lot of their incomes are from financial innovations that do not translate to gains for the average American citizen.

When it comes to ethnic markets, most of the shoppers really are very well informed. Most of the shoppers come from cultures—including China—where food preparation receives a lot more attention than in the United States. These shoppers also are largely immigrants or children of immigrants. Either they come from cultures where most food prices are lower than in the United States, or the immigrants have lower incomes themselves, or both.

Few people read coffee-table photo books, and indeed they are not intended to be read. I find the text in these books is often surprisingly good, perhaps because the author--or more importantly, the editor--feels no need to pander.

Firms and employers and monitors will be able to measure economic value with a sometimes oppressive precision.

Therefore, I wish to say it again: The biggest story of the last fifteen years, both nationally and globally, is the growing likelihood that a cyclical model of history will be a better predictor than a model of ongoing progress.

All of the criticisms one might mount against the corporate form—some of which are valid—pale in contrast to two straightforward and indeed essential virtues. First, business makes most of the stuff we enjoy and consume. Second, business is what gives most of us jobs. The two words that follow most immediately from the world of business are "prosperity" and "opportunity.

Millennials as a generation just don't seem that interested in grand projects, unless of course you count wired interconnectivity, at which they excel.

You might like either the Republicans or the Democrats more than I do, but still something is wrong in today's politics, even if we don't always agree

And to be blunt—while I know I can't prove this—I wonder how much of the middle class consists of people in government or protected service-sector jobs who don't actually produce nearly as much as their pay.

In chess, computers show that what we call 'strategy' is reducible to tactics, ultimately. It only looks creative to us. They are still just glorified cash registers. This should make us feel uncomfortable, whether or not we think computers will ever be good composers of music or artistic painters.

Sports is remarkably cognitive. I think it's underrated just how smart it is. Actually, if I had more time, I would spend more time with sports. Watching it, reading about it, I think it's oddly underrated.

Look at electricity in human history - it took a few decades for electricity to really revolutionize the American economy. And the Internet will be the same. At some point in the future, we will arrive at a new era of low-hanging fruit.

I'm a pessimist about the euro, but not about Europe. So the southern periphery, Spain, Italy, Greece, leave - Italy might be the first to go - and the rest stay. That will work just fine. But unless they want to give up democracy, I don't see greater fiscal union as the answer.

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

For the very top earners, vision and inspiration are essential. You need those to become the next Steve Jobs, but perhaps not to be the highest paid dentist in Beverly Hills.

We're seeing an enormous amount of global upward mobility that's quite rapid and quite sudden, and undiscovered individuals have a chance - using the Internet, using computers - to prove themselves very quickly. So I think the mobility story will be a quite complicated one.

When humans team up with computers to play chess, the humans who do best are not necessarily the strongest players. They're the ones who are modest and who know when to listen to the computer. Often, what the human adds is knowledge of when the computer needs to look more deeply.

I think a lot of people will be liberated from a lot of oppressive manufacturing jobs, or a lot of service jobs, because they'll be done by computers. There'll be the world's best education available online and free.

Keep in mind that books, like art museums, are not always geared to the desires of the reader.

If we want to improve American food and make it much cheaper, we should deregulate the food trucks and the other street vendors, provided they meet certain sanitation standards. Many cities have already moved down this path, and people are not keeling over with salmonella.