“The core premise of economic theory is that people choose by optimizing.” — Richard H. Thaler Copy Share Image
For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible. — Ernest Mandel Copy Share Image
One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing. — Emily Oster Copy Share Image
The modern history of economic theory is a tale of evasions of reality. — Thomas Balogh, Baron Balogh Copy Share Image
The purpose of economic theory is to make those who are comfortable FEEL comfortable. — Thomas Balogh, Baron Balogh Copy Share Image
Conventional economic theory... counts the depletion of resources as the accumulation of wealth. — Mark Lynas Copy Share Image
“I began to have deviant thoughts about economic theory while I was a graduate student” — Richard H. Thaler Copy Share Image
Free market capitalism is far more than economic theory. It is the engine of social mobility-the highway to the American Dream. — George W. Bush Copy Share Image
The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of… — Michael Hudson Copy Share Image
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either… — Martin Feldstein Copy Share Image
“Economic theory would tell you that a rational person would take the thirty dollars every time. Forget the other party, the decision… — Douglas E. Richards Copy Share Image
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away… — Muhammad Yunus Copy Share Image
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of… — John Kenneth Galbraith Copy Share Image
What conditions of work, what kinds of work, what kinds of management, and what kinds of reward or pay will help human… — Abraham Maslow Copy Share Image
Isn't it interesting that markets are not just perfect? In business school and economic theory, you learn all about those perfect markets,… — Heidi Roizen Copy Share Image
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory… — James Meade Copy Share Image
None of us are rational economic men as we're supposed to be portrayed in economic theory where mixes of passions, of desires,… — Dale Jamieson Copy Share Image
Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy… — John Maynard Keynes Copy Share Image
If, of course, one builds into the concept of an 'individual' all that Professor Hayek does in his Road To Serfdom, Individualism… — Bernard Crick Copy Share Image
Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum… — Ludwig von Mises Copy Share Image
I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to… — Robert Anton Wilson Copy Share Image
“The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know)… — Michael Lewis Copy Share Image
“Basic economic theory. People behave differently based on how much they think something’s worth. Because everyone got their chips for free, people… — Elle Lothlorien Copy Share Image
It is not a struggle merely of economic theories, or forms of government or of military power. At issue is the true… — Dwight D. Eisenhower Copy Share Image
“Economic theory is devoted to the study of equilibrium positions. The concept of equilibrium is very useful. It allows us to focus… — George Soros Copy Share Image
All progressive thought has assumed tacitly that human beings desire nothing beyond ease, security and avoidance of pain ... Hitler, because in… — George Orwell Copy Share Image
“Preindustrial living standards are predictable based on knowledge of disease and environment. Differences in social energy across societies were muted by the… — Gregory Clark Copy Share Image
There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in… — Kenneth Arrow Copy Share Image
“Depicting rational economic man as an isolated individual – unaffected by the choices of others – proved highly convenient for modelling the… — Kate Raworth Copy Share Image
“History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came… — Michele Boldrin Copy Share Image
“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard… — Dan Ariely Copy Share Image
“Some people argue that economics is an exception to this general story. Economics, they say, provides a much more analytically precise and… — Thomas Homer-Dixon Copy Share Image
Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries. — Steve Hanke Copy Share Image
In economic theory the conclusions are sometimes less interesting than the route by which they are reached. — Piero Sraffa Copy Share Image
I imagine you already know that I am much more socialistic in my economic theory than capitalistic. — Martin Luther King, Jr Copy Share Image
Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical,… — Robert Higgs Copy Share Image
The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories,… — Ludwig von Mises Copy Share Image
“Basic economic theory tells us that if you want something that’s both rare and valuable, you need something rare and valuable to… — Cal Newport Copy Share Image
The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic… — Richard Thaler Copy Share Image
