The aim of academic trade theory is to tell students…

The fact is that during the post-1989 heyday of globalization optimism, political and business elites did not think enough about the prospect - plainly…

— Arancha Gonzalez

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The…

— Paul Krugman

There is a phrase in trade theory; it's called "kicking away the ladder." First you violate the rules - the market rules - and…

— Noam Chomsky

The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed…

— Richard Thaler

The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the…

— John Kenneth Galbraith

We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and…

— Daniel Kahneman

“The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know) served almost…

— Michael Lewis

“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…

— Dan Ariely

For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.

— Ernest Mandel

Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even…

— Mariana Mazzucato

The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for fairness, malevolence,…

— Herman E. Daly

It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have…

— Paul Zane Pilzer

“I began to have deviant thoughts about economic theory while I was a graduate student”

— Richard H. Thaler

There are questions as to whether it should even exist. Who should corporations be responsive to, the management of a corporation? Theoretically they are…

— Noam Chomsky

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…

— Martin Feldstein