Behavior Quote by Martin Feldstein

“A second reason why science cannot replace judgement is the…” quote by Martin Feldstein — Download Open image

“A second reason why science cannot replace judgement is the behavior of financial markets.”

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Behavior Financial Financial Market Financial markets Habits Judgement Reason Science

More by Martin Feldstein

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…

Martin Feldstein

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The more competitive value of the dollar turned around the trade deficit.

Martin Feldstein

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Inflation is lower and more stable and the real business cycle fluctuations are more modest.

Martin Feldstein

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Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out…

Martin Feldstein

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I think that over the last few decades, we have seen better economic outcomes than in the past.

Martin Feldstein

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And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial…

Martin Feldstein

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Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high…

Martin Feldstein

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Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar…

Martin Feldstein

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First, I think the science of monetary economics has clearly gotten better.

Martin Feldstein

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But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more…

Martin Feldstein

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To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and…

Martin Feldstein

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We are particularly poor at the open economy issues.

Martin Feldstein

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Explore all 29 Martin Feldstein quotes

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By making conscious choices in our behavior and where we focus our attention, we can transform our experience of our body, decrease our biological…

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As you begin changing your thinking, start immediately to change your behaviour. Begin to act the part of the person you would like to…

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“I now know that deep within the human concept is something dark, selfish, and completely willing to do whatever is necessary to support the…

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The number of poor, and poorly prepared, students who succeed in college and beyond undercuts the simplistic notion that economic or educational disadvantage is…

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To behave creatively in art means behavior with skill; and skill comes from discipline, not derangement. The artist who knows the rules -and proportion…

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You don't put milk in chamomile tea - that's disgusting behavior! That's not right.

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The laws of thermodynamics, as empirically determined, express the approximate and probable behavior of systems of a great number of particles, or, more precisely,…

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