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Better Quote by Edward C. Prescott

“In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.” quote by Edward C. Prescott — Download Open image

“In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.”

Edward C. Prescott

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More by Edward C. Prescott

Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key - they lead to a vested interest in…

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Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better…

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Despite the impression created by some economic pundits, the U.S. economy is not a delicate little machine that needs to be fine-tuned with exact…

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There is an old maxim which states that good judgment comes from experience, and experience comes from poor judgment. I think something similar can…

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The money is nice, but I am not in this game for the money.

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In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies…

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Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty,…

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If productivity grows, the economy does well.

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Sometimes pessimism or optimism gets popular, and it's contagious.

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In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

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Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

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Economic integration is the path to riches and peace.

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