Before Quote by Edward C. Prescott Download Open image “You need a real crisis before you have reforms.” — Edward C. Prescott ★ ★ ★ ★ ★ 4.1 out of 5 (7 ratings) Copy quoteShare Before Crisis Need Real Reforms
“Large-scale reforms usually require either a crisis, which makes them unavoidable, or a framework that builds popular support along with an effective advocate to… — Eswar S Prasad Copy Share Image
We must create a [economic] crisis in order to ensure that there is no alternative to a smaller government. — Jeb Bush Copy Share Image
If there is no crisis in your country, don't worry, the government will create one. — Vikrant Parsai Copy Share Image
Reforms are not an end in itself. Reforms must have a concrete objective. — Narendra Modi Copy Share Image
The only way out of the current crisis is to amend the Constitution. — Abhisit Vejjajiva Copy Share Image
Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it… — Yiannis Stournaras Copy Share Image
Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas… — Milton Friedman Copy Share Image
Each crisis is different, has its own specificities, and we need to look at it critically; look at each one in its own terms. — Kofi Annan Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
Sometimes pessimism or optimism gets popular, and it's contagious. — Edward C. Prescott Copy Share Image
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed. — Edward C. Prescott Copy Share Image
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens. — Edward C. Prescott Copy Share Image
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For the Russian masses, the proletarians, knew for certain, and already saw during the war, and in part before their very eyes, that the… — Herman Gorter Copy Share Image
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But even before I was in the military, I was extremely jumpy when asleep. — Chris Kyle Copy Share Image