Quote of the Day
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Where there is politics or economics, there is no morality.
Karl Wilhelm Friedrich Schlegel
Economics is not brain surgery.
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith
No one is entertained by economics.
Thomas Piketty assembles the facts to prove a central point about trickle-down economics: Doesn't work. Never did. He has cold, hard data showing how the rich keep getting richer and how the playing field is rigged against working families.
I'm not a communist, of course. But I do think that everything is down to economics. Capitalism doesn't change.
Economics, politics, and personalities are often inseparable.
I got politics and economics moving and then others took over.
Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.
Economics has become as riveting as politics.
Sometime, while I wasn't paying attention, trickle-down economics got respectable.
I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.
Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.
I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street.
There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
While everyone else is thinking about economics and politics, executive salaries and the future of the euro, do the opposite, even if it's hard. Invest in the spirit.
It's critical to have a sound foundation in free-market economics and the Constitution. A great many Republicans in Washington don't have that foundation.
A lot of times, my work is looked at very much on the surface. It's very easy to just want to put something in a box - to say, 'Oh, since this work deals with surface desires at times, this is about consumerism.' And of course, the base of the work is... not about economics at all.
I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
Conflicts are never caused in any simple way by identity, culture or economics. Where resources are scarce, or there are strong historical memories of conflict, small events are more likely to inflame passions.
It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.
I founded Atari in my garage in Santa Clara while at Stanford. When I was in school, I took a lot of business classes. I was really fascinated by economics. You end up having to be a marketeer, finance maven and a little bit of a technologist in order to get a business going.
The economic sense of possibility was so great when I was growing up that my parents had no question that I could do anything I wanted to do, even as a girl. I've always believed that the economics of a story intersects with the women's story - that stuff often happens at the time it happens because of the economy.
Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively.
So much has happened to obscure the dialogue about race and about gender and discrimination in general, especially where those things touch on economics.
John F. Kennedy
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