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Economics Quotes

Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running Picture Quote #1

I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail Picture Quote #1

I have tried to bring about better communication between people. I believe that humanitarian photography is like economics. Economy is a kind of sociology, as is documentary photography Picture Quote #1

Economics teaches humility because it teaches us more about what we can’t do than what we can do Picture Quote #1

Economics is primarily useful, both to the student and to the political leader, as a prophylactic against popular fallacies Picture Quote #1

We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production Picture Quote #1

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I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy Picture Quote #1

Racism does not limit itself to biology or economics or psychology or metaphysics; it attacks along many fronts and in many forms, deploying whatever is at hand, and even what is not, inventing when the need arises Picture Quote #1

My role is to find strategic insights as to where design can have the most business impact. A designer can bring a viewpoint of not just aesthetics, but economics and usage Picture Quote #1

Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling Picture Quote #1

The future is female, so women are invited, as they do, to take responsability in the world of politics, in the economics, in art Picture Quote #1

A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives Picture Quote #1

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Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology Picture Quote #1

Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption Picture Quote #1

Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal Picture Quote #1

The young people I teach now know they are being sold down the river before we even start studying the trends and numbers. That’s the toughest part of being a high school economics teacher... being a witness when our children realize that the greatest deficit of all is a deficit of leadership Picture Quote #1

I’d like the reader to decide if he is willing to pay minute sums for content. I’d like the economics of web to be controlled between authors and readers, not advertiser Picture Quote #1

Economics was the only profession where a person could be considered an expert without having once been right Picture Quote #1

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However, I have a low opinion of people with narrow political horizons. Someone who talks about the environment and knows nothing about economics can make as many mistakes as someone who does the opposite Picture Quote #1

My mother was an economics professor. I’m proficient in math, and statistics, game theory, symbolic logic and all of that Picture Quote #1

The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics Picture Quote #1

I wasn’t actually very naturally good at economics. My brain doesn’t work very well, in terms of mathematics Picture Quote #1

Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question Picture Quote #1

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table Picture Quote #1

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Consumerism is, quite precisely, the consuming of life by the things consumed. It is living in a manner that is measured by having rather than being... and consumerism is hardly the sin of the rich. The poor, driven by discontent and envy, may be as consumed by what they do not have as the rich are consumed by what they do have. The question is not, certainly not most importantly, a question about economics. It is first and foremost a cultural and moral problem requiring a cultural and moral remedy Picture Quote #1

That economics and finance are often covered as technical subjects, sort of boring subjects, and either you already know a lot about it and you follow it, or you don’t know much about it and you don’t want to know Picture Quote #1

It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power Picture Quote #1

Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends Picture Quote #1

When all of your decisions are based on economics, you end up with a sameness of vision. You’re not taking the risks, you’re not exploiting the passions of your creators. You’re manufacturing product for a huge vending machine Picture Quote #1

Then in college, besides economics, I also majored in studio art and got involved in photography and making short films and acting. But I didn’t know you could make a living that way Picture Quote #1

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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running (Economics Quotes) I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order, you will probably fail (Economics Quotes) I have tried to bring about better communication between people. I believe that humanitarian photography is like economics. Economy is a kind of sociology, as is documentary photography (Economics Quotes) Economics teaches humility because it teaches us more about what we can’t do than what we can do (Economics Quotes) Economics is primarily useful, both to the student and to the political leader, as a prophylactic against popular fallacies (Economics Quotes) We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production (Economics Quotes) I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy (Economics Quotes) Racism does not limit itself to biology or economics or psychology or metaphysics; it attacks along many fronts and in many forms, deploying whatever is at hand, and even what is not, inventing when the need arises (Economics Quotes) My role is to find strategic insights as to where design can have the most business impact. A designer can bring a viewpoint of not just aesthetics, but economics and usage (Economics Quotes) Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling (Economics Quotes) The future is female, so women are invited, as they do, to take responsability in the world of politics, in the economics, in art (Economics Quotes) A market economy is to economics what democracy is to government: a decent, if flawed, choice among many bad alternatives (Economics Quotes) Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology (Economics Quotes) Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption (Economics Quotes) Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal (Economics Quotes) The young people I teach now know they are being sold down the river before we even start studying the trends and numbers. That’s the toughest part of being a high school economics teacher... being a witness when our children realize that the greatest deficit of all is a deficit of leadership (Economics Quotes) I’d like the reader to decide if he is willing to pay minute sums for content. I’d like the economics of web to be controlled between authors and readers, not advertiser (Economics Quotes) Economics was the only profession where a person could be considered an expert without having once been right (Economics Quotes) However, I have a low opinion of people with narrow political horizons. Someone who talks about the environment and knows nothing about economics can make as many mistakes as someone who does the opposite (Economics Quotes) My mother was an economics professor. I’m proficient in math, and statistics, game theory, symbolic logic and all of that (Economics Quotes) The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics (Economics Quotes) I wasn’t actually very naturally good at economics. My brain doesn’t work very well, in terms of mathematics (Economics Quotes) Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question (Economics Quotes) My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table (Economics Quotes) Consumerism is, quite precisely, the consuming of life by the things consumed. It is living in a manner that is measured by having rather than being... and consumerism is hardly the sin of the rich. The poor, driven by discontent and envy, may be as consumed by what they do not have as the rich are consumed by what they do have. The question is not, certainly not most importantly, a question about economics. It is first and foremost a cultural and moral problem requiring a cultural and moral remedy (Economics Quotes) That economics and finance are often covered as technical subjects, sort of boring subjects, and either you already know a lot about it and you follow it, or you don’t know much about it and you don’t want to know (Economics Quotes) It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power (Economics Quotes) Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends (Economics Quotes) When all of your decisions are based on economics, you end up with a sameness of vision. You’re not taking the risks, you’re not exploiting the passions of your creators. You’re manufacturing product for a huge vending machine (Economics Quotes) Then in college, besides economics, I also majored in studio art and got involved in photography and making short films and acting. But I didn’t know you could make a living that way (Economics Quotes)

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