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
Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries. — Steve Hanke 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 purpose of economic theory is to make those who are comfortable FEEL comfortable. — Thomas Balogh, Baron Balogh Copy Share Image
The modern history of economic theory is a tale of evasions of reality. — 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 metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature… — Joseph A. Schumpeter Copy Share Image
“Still, in 1877, Engels wanted to protect us from false socialism. Still then, in Anti-Dühring, he wrote that not any nationalization is… — Todor Bombov 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
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is… — John Maynard Keynes Copy Share Image
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory… — George Stigler Copy Share Image
The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for… — Herman E. Daly Copy Share Image
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game.… — Sir John Richard Hicks Copy Share Image
[No society can survive the socialist] fallacy that there is an absolutely unlimited number of inspired officials and an absolutely unlimited amount… — Gilbert K. Chesterton Copy Share Image
The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining… — David Graeber Copy Share Image
Now, because he knows that his economic theories don't work, he's been spending these last few days calling me every name in… — Barack Obama Copy Share Image
“This book was under arrest, along with its author. This event occurred on March 27, 1986. During that time, the totalitarian system… — Todor Bombov Copy Share Image
Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier… — Mario Bunge Copy Share Image
People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our… — William Poundstone Copy Share Image
A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange -… — Ha-Joon Chang Copy Share Image
We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless:… — Dan Ariely Copy Share Image
Among the current discussions, the impact of new and sophisticated methods in the study of the past occupies an important place. The… — Robert Fogel 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
“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
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
“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
“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
“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
“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
“I began to have deviant thoughts about economic theory while I was a graduate student” — Richard H. Thaler Copy Share Image
Conventional economic theory... counts the depletion of resources as the accumulation of wealth. — Mark Lynas 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
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
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
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
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
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