Quotes About Economics

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics.

I've explained before the power psychology has on the markets.

Boston had the first public library, Liverpool had the first lending library. Both cities have pioneered medical advancements during the decades and both have the largest economic powers in the world exactly 213 miles to the south by car.

There's no other job in public life that is like chairman of the Fed.

The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector.

The notion of public service has effectively been abandoned. Every political party now buys into business values, and into the notion that by definition business must run things more efficiently.

Advertising's always been a considerable pressure on publishers.

The publishing industry has always wanted to make books as cheaply and as ephemerally as they could; it's nothing new.

Publishing had been successful where there had been natural geographic monopolies.

The thing I get pulled over for in Kroger is the cost of health care and the cost of prescription drugs.

Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it.

Oil wells never really run dry. A big company will drain maybe 40% of a field. Pulling out the rest of the oil, which requires an outlay of incrementally more cash per barrel, often proves uneconomical for big companies with big overheads.

Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer.

Labor was the first price, the original purchase - money that was paid for all things.

Were you a merchant, would you settle yourself in a rich or poor neighborhood? You would not be so blind as to locate yourself among persons who would not be able to purchase your goods. So with nations with whom we trade.

Everything in the world is purchased by labor.

I believe and I say it is true Democratic feeling, that all the measures of the Government are directed to the purpose of making the rich richer and the poor poorer.

All the measures of the Government are directed to the purpose of making the rich richer and the poor poorer.

Rounding to the nearest cent is sufficiently accurate for practical purposes.

We've got our own power - the power of the purse.

When I was doing my bachelors from Delhi University, India experienced its first major external financing and currency crisis in 1990-91. This inspired me to pursue graduate work in economics and was the foundation for my interest in international finance.

I'm not a left-wing nut pushing for single-payer!

We are pushing for Medicare-for-all. That's an economic issue - it really is. And if we can work toward a fair, more-equitable system for working families, everybody would have health care.

Despite its flaws, Marxism still seems to explain the material world better than anything else.