Habits Quote by Alex Pentland

Social action, just like physical action, is steered by perception.

— Kurt Lewin

“science of economics should focus on the best use of scarce means to satisfy social ends.”

— Daron Acemoğlu

Things economic and social move by their own momentum and the ensuing situations compel individuals and groups to behave in certain ways whatever they…

— Joseph A. Schumpeter

Behind every rational and irrational force in human society there is a social mechanism which determines where it is to appear and what forms…

— Karl Mannheim

Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by…

— Andrew Lo

“How is the body, including the observing body, becoming a component of new machines, economies, apparatuses, whether social, libidinal, or technological? In what way…

— Jonathan Crary

“The first principle concerns the power and subtlety of situational influences. The second involves the importance of people’s subjective interpretations of the situation. The…

— Lee Ross

That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.

— Robert J. Shiller

“This makes sense, since human nature is a constant.  Trend following seeks to profit from this collective behavior of market participants, who move into…

— Matthew R. Kratter

“Some people argue that economics is an exception to this general story. Economics, they say, provides a much more analytically precise and tightly integrated…

— Thomas Homer-Dixon

For every scientific (or engineering) action, there is an equal and opposite social reaction.

— Norman Ralph Augustine

Equilibrium is a figment of the human imagination.

— Kenneth E. Boulding