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 purpose of economic theory is to make those who are comfortable FEEL comfortable. — Thomas Balogh, Baron Balogh 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
For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible. — Ernest Mandel Copy Share Image
“The core premise of economic theory is that people choose by optimizing.” — Richard H. Thaler Copy Share Image
Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and… — Ludwig von Mises Copy Share Image
If I really believed in Friedman's economic theory, then I'd be quite satisfied to spend the rest of my life with a… — Nigel Lawson Copy Share Image
Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of… — Abraham Maslow 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
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
“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
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don… — Douglass North 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
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 United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States… — George Friedman 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
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
“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
“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
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
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
“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
“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
I imagine you already know that I am much more socialistic in my economic theory than capitalistic. — Martin Luther King, Jr 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
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
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
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
