Great Quote 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…

— Edward C. Prescott

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

— Edward C. Prescott

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…

— Edward C. Prescott

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

— Edward C. Prescott

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

— Edward C. Prescott

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

— Edward C. Prescott

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,…

— Edward C. Prescott

If productivity grows, the economy does well.

— Edward C. Prescott

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

— Edward C. Prescott

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

— Edward C. Prescott

Economic integration is the path to riches and peace.

— Edward C. Prescott

You can't spend your way to prosperity.

— Edward C. Prescott