Quotes About Markets

If the EU and the US can cooperate successfully on regulating financial markets, everyone else will follow.

In order to help small businesses gain access to the credit and capital they need to run their business successfully, Congress must adopt policies that support functional capital markets without imposing undue restrictions on providers of debt and equity capital.

I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.

Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.

Every country I would go to, even if it was just on a modeling job, I would go to their markets. If I went to Morocco for 'Elle' magazine, I would be in the spice markets during my off time and just come back with a suitcase full of stuff that I really wanted to try.

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.

Globalization is the field on which some of our major societal conflicts—including those over basic values—play out. Among the most important of those conflicts is that over the role of government and markets.

but the truth was just the opposite: advances in economics over the past seventy years had identified the limits of free markets. Of course, anyone with open eyes could have seen this for themselves: episodic unemployment, sometimes massive, as in the Great Depression and pollution so bad in some places that air was unbreathable were just the two most obvious "proofs" that markets on their own don't necessarily work well.

markets on their own will fail to achieve shared and sustainable prosperity. Markets play an invaluable role in any well-functioning economy and yet they often fail to produce fair and efficient outcomes, producing too much of some things (pollution) and too little of others (basic research).

Capitalist economies have thus always involved a blend of private markets and government—the question is not markets or government, but how to combine the two to best advantage.

The true sources of wealth are the productivity, creativity, and vitality of our people; the advances of science and technology that have been so marked over the past two and a half centuries; and the advances in economic, political, and social organization that have occurred over the same period, including the rule of law, competitive, well-regulated markets, and democratic institutions with checks, balances, and a broad range of "truth-telling" institutions.

If the efficient-markets hypothesis were true, it would ironically mean that stock markets would necessarily be very inefficient, since no one would gather any information.36 In the aftermath of the Great Recession, the efficient-markets model has taken a beating.37 In the meanwhile, though, some market advocates continue to use the "price discovery" argument for defending changes in markets that were actually making it more volatile and less efficient.

For now, we simply note that the marked reduction in inequality in the period between 1950 and 1970, was due partly to developments in the markets but even more to government policies, such as the increased access to higher education provided by the GI Bill and the highly progressive tax system enacted during World War II.

The American economy today is characterized, to too great an extent, by underregulated, monopolistic markets, where wealth creation has been replaced by exploitation.

en los noventa, la confianza en el poder de los mercados se había generalizado hasta tal punto que la liberalización financiera era impulsada por algunos de mis colegas dentro de la Administración, y al final también por el propio Clinton.

Primero, por sí solos los mercados no logran la prosperidad compartida y duradera.

Burton Malkiel's wonderful book A Random Walk Down Wall Street.

The assumption that agents are rational provides the intellectual foundation for the libertarian approach to public policy: do not interfere with the individual's right to choose, unless the choices harm others. Libertarian policies are further bolstered by admiration for the efficiency of markets in allocating goods to the people who are willing to pay the most for them.

But our focus is on judgments in which variability is undesirable. System noise is a problem of systems, which are organizations, not markets.

one of the duties of the U.S. Navy, going all the way back to the early 1800s, the days of the Barbary pirates of North Africa, involves showing the flag. Safe passage of Navy ships ensures unmolested transit of merchant shipping, always the main conduit of all overseas trade whether in 1800 or 2000. Port calls projected U.S. influence ashore and kept markets open. Freedom of the seas, like all freedoms, must be exercised or it will atrophy.

Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.

In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination.

Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.

Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.