Quotes About Economics

Our starting point then was trying to find a way to incorporate mean reversion into the HoLee model.

The economic costs of starting your own business can be significant; in fact, most new startup companies fail because of undercapitalization.

Every austerity measure that Cameron and George Osborne make is being presented in Scotland as the English starving us.

Men's ideas are the most direct emanations of their material state.

The picture of the free market is necessarily one of harmony and mutual benefit; the picture of State intervention is one of caste conflict, coercion, and exploitation.

In every commercial state, notwithstanding any pretension to equal rights, the exaltation of a few must depress the many.

The Federal Reserve is incapable of accomplishing its stated objectives.

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher - made public statements anticipating the Great Depression.

American capitalists, enthralled by the doctrines of finance, have put their income statements in service of the balance sheet.

No government in any country can run on static definitions of economic thinking.

An old friend of mine, an economist by trade, once explained to me that the statistical definition of 'dilemma' is 49.9% in favor and 50.1% against. If the gap is greater, there is no dilemma, because the answer is clear.

Every high school and college graduate in America should, I think, have some familiarity with statistics, economics and a foreign language such as Spanish. Religion may not be as indispensable, but the humanities should be a part of our repertory. They may not enrich our wallets, but they do enrich our lives. They civilize us. They provide context.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power.

Although being economics editor sounds impressive, it does not mean I actually edit anything. It mainly reflects two decades of title-inflation at the BBC, which has given ever more status to senior reporters, presumably because it is cheaper to do that than to offer higher pay.

Money has no religion. Money does not belong to any class or creed. Neither it belongs to a gender nor an age. Money decides fate. Money also decides status. Money buys you food and money buys a basic necessity like water too.

Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.

Without productivity gains, any growth in GDP is exactly offset by population growth, and the average income stays the same.

A comparison of the average professional baseball salary to the national average salary over the last one hundred years shows that for the first fifty years, 1920-1970, baseball players held a steady multiple of about 3.4 times the national average income.

I don't understand how it's cheaper to buy a whole steak at the Price Club than spinach. How did that happen?

If everyone in China is a socialist, from whom do they steal?

Borrowing is not much better than begging; just as lending with interest is not much better than stealing.

Money has stepped to the forefront of everything.

Taking responsible steps to reduce poverty is not merely a moral imperative but an economic one.