Quotes About Economics

I've got an extreme bias toward governors... they know what it's like to make hard decisions. They know what it's like to actually balance a budget - have a budget, first of all, and have a balanced budget.

Governors compete. States compete. People & businesses decide.

It has been said that arguing against globalization is like arguing against the laws of gravity.

I think greed is a critical problem - the gap between the poor and the rich. The gap between the top 10 percent and the bottom 10 percent.

Economic growth doesn't mean anything if it leaves people out.

Religion has become so many different things. Religion is an economic thing for some people. Religion is a gun.

A core group of the world's leading economies need to come together and hammer out an understanding.

In a C corporation, the profits are taxed at the corporate level and then taxed again when a dividend is paid to the shareholder.

In essence, the endowment effect is really just another manifestation of loss aversion: People

Executives often wrongly equate "good value" with "low price." Instead, "good value" should mean outstanding value for the price.

Jeff Park paused, as if to let that figure register, but Barry had heard it all before. Prices went up. Shareholders profited. What part of capitalism didn't Jeff Park understand?

The Austrian School of economics is an alternative to the mainstream approach. It places economics on a sound, human basis. It avoids the traps that plague most of modern economics: the assumption of selfishness as the basic human motivation, a narrow definition of rational behavior, and the overuse of unrealistic models.

So astute was he in his buying and selling, and in his borrowings, that no one knew if he was in debt.

Young ladies don't understand political economy, you know," said Mr. Brooke

There is an accelerating gap—not just widening but accelerating—between the ultra rich and everyone else. Why? What are the systemic causes and the systemic effects? And is there anything wrong with some people getting that rich and progressively richer over time?

up until 1913, most wealth was reinvestment wealth.

In the United States, in 1976 the top 1 percent had 19.9 percent of the wealth. In 2010, the top 1 percent had 35.4 percent of the wealth. In 2010, the top 5 percent had 63 percent of the wealth; and the top 20 percent had 88.9 percent of the wealth. That left the bottom 80 percent with 11.1 percent of the wealth.

Corporate engineers have looked at how women are with each other, borrowing the best tips from female neighborhood culture and then transporting them back into the bosom of capitalism. They've feminized capitalism.

To join or not to join films was the biggest choice I had to make. I'd done two years of biogenetic engineering, was an economics graduate and a gold medalist. I had also been a Bharatanatyam dancer from age five, always won the best actress award in school. Finally, I decided to do things for my soul, chose to act.

In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.

I found the stock market very intriguing because prices used to fluctuate, I used to wonder why the price fluctuates.

The dirty little secret is that the pool man, who's making $30,000 a year, is subsidizing the million-dollar mortgage for the family whose pool he cleans. No wonder people want to get rid of tax breaks for corporate jets.

The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here.

It is a wonderful and unexpected honor to receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Receiving this prize with Joseph Stiglitz and George Akerlof, whose work I have learned from and admired, makes it even more gratifying.