Quote of the Day
A designer is an emerging synthesis of artist, inventor, mechanic, objective economist and evolutionary strategist.
R. Buckminster Fuller
The key to good decision making is evaluating the available information - the data - and combining it with your own estimates of pluses and minuses. As an economist, I do this every day.
I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education.
An economist's guess is liable to be as good as anybody else's.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Laurence J. Peter
Teach a parrot the terms 'supply and demand' and you've got an economist.
I'm not an economist and we all know economists were created to make weather forecasters look good.
No real English gentleman, in his secret soul, was ever sorry for the death of a political economist.
I like to read the 'Financial Times' when I'm traveling. 'Economist.' 'Ad Busters.'
If you look underneath the surface of the Tea Party movement, on the other hand, you will find that it is not sophisticated. It's not like these people have read the economist Friedrich August von Hayek.
For economist the real world is often a special case.
If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.
The Economist is undoubtedly the smartest weekly newsmagazine in the English language. I always look forward to its quirky year-end double issue.
They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentists to be able to forecast how many teeth you'll have when you're 80. You expect them to give good advice and fix problems.
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
I think you've got to watch out for anybody in high school who says he wants to become an economist.
Thomas J. Sargent
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, 'What can I do?'
The idea of a non-growing economy may be an anathema to an economist. But the idea of a continually growing economy is an anathema to an ecologist.
The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.
Almost every economist agrees that the American health care system is unsustainable. Medical care is so expensive that it is busting all of our budgets - government, business, and personal. Eventually, the medical price bubble will pop. What, then, are the alternatives?
One of the best predictors of policy around is Thomas Ferguson's investment theory of politics, as he calls it - very outstanding political economist - which essentially - I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.
What I'm asking for is a new economic order. I don't know how to construct that; I'm not an economist.
John F. Kennedy
Martin Luther King, Jr.
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