For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible. — Ernest Mandel 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
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 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
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
The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational… — Richard Thaler 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
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
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
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
“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
“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
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
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
“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
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
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
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
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
In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it… — Kenneth E. Boulding 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
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
Traditionally in capitalism, when you have more cash, you can fund more activity, which produces more jobs and creates more wealth. That's… — John Ralston Saul 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
“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
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but… — John Maynard Keynes Copy Share Image
It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed,… — Paul Zane Pilzer Copy Share Image
“The latter is useful for predictive purposes only to the extent that the individual participant, in the market relationship, is guided by… — Anonymous Copy Share Image
Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism… — Mariana Mazzucato Copy Share Image
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the… — Noam Chomsky Copy Share Image
Two factors explain our success. One, MIT's renaissance after World War II as a federally supported research resource. Two, the mathematical revolution… — Paul Samuelson Copy Share Image
Everybody thinks of economics whether he is aware of it or not. In joining a political party or in casting his ballot,… — Ludwig von Mises Copy Share Image
What Smith and Marx have in common is that they were both philosophers of great vision and perceptiveness, deep humanity, and a… — Allen W. Wood Copy Share Image
We don't see very far in the future, we are very focused on one idea at a time, one problem at a… — Daniel Kahneman Copy Share Image
Almost all systems of economic thought are premised on the idea of continued economic growth, which would be fine and dandy if… — George Monbiot Copy Share Image
