Quotes for All
In an age in which economists take for granted that people equate well-being with consumption, increasing numbers of people seem willing to trade certain freedoms and material comforts for a sense of immutable order and the rapture of faith. Eugene Linden
After taking risk into account, do more managers than you’d see by chance outperform with persistence? Virtually every economist who studied this question answers with a resounding ‘no.’ Eugene Fama
All professionals, whether physicists, economists or musicians, live by and for peer judgment, even when they are being paid by people who cannot tell the difference. Eric Hobsbawm
The Economist is undoubtedly the smartest weekly newsmagazine in the English language. I always look forward to its quirky year-end double issue. Eric Alterman
Lift the curtain and ‘the State’ reveals itself as a little group of fallible men in Whitehall, making guesses about the future, influenced by political prejudices and partisan prejudices, and working on projections drawn from the past by a staff of economists. Enoch Powell
When I meet people on airplanes and they find out I’m an economist, they usually ask about stock tips. Emily Oster
Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one. Emily Oster
Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses. Emily Oster
Any reasonable economist will tell you that it’s nearly impossible to isolate the impact of right-to-work laws on a state’s job growth. A multitude of other factors intervene. However, one thing the numbers can show is that right-to-work laws have a negative effect on the wages of workers in that state. Eliot Spitzer
Economists have provided capitalists with a comforting concept called the \”free market.\” It does not describe any part of reality, at any place or time. It’s a mantra conveniently invoked when it is proposed that government do something the faithful don’t like, and just as conveniently ignored whenever they want government to do something for … Read more