Economics Quote by Richard H. Thaler Download Open image ““The core premise of economic theory is that people choose by optimizing.”” — Richard H. Thaler ★ ★ ★ ★ ★ 2.2 out of 5 (8 ratings) Copy quoteShare Economics
“As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of the optimizing… — Steve Keen Copy Share Image
“If a business, for instance, has built its market position on being the cheapest, it stands to reason that intense focus will be on… — Gert Laursen Copy Share Image
Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human… — Abraham Maslow Copy Share Image
The purpose of economic theory is to make those who are comfortable FEEL comfortable. — Thomas Balogh, Baron Balogh Copy Share Image
“science of economics should focus on the best use of scarce means to satisfy social ends.” — Daron Acemoğlu Copy Share Image
It is something of a miracle that individual selfish decisions (in a market economy) must lead to a collectively efficient outcome. — Steven Landsburg Copy Share Image
What good does the theory [of economics] do if it is not working for people? — Muhammad Yunus Copy Share Image
Optimists enrich the present, enhance the future,challenge the improbable and attain the impossible — William Arthur Ward Copy Share Image
The core principle is that we want an economy that works for everyone, not just for a small elite. We want equal opportunity, not… — Robert Reich Copy Share Image
Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised… — Douglass North Copy Share Image
At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider… — John Rawls Copy Share Image
“10. Calories count in New York City. The Big Apple recently adopted a law that requires fast-food restaurants with at least fifteen outlets in… — Richard H. Thaler Copy Share Image
“I began to have deviant thoughts about economic theory while I was a graduate student” — Richard H. Thaler Copy Share Image
“specific values to objects. When they have to give something up, they are hurt more than they are pleased if they acquire the very… — Richard H. Thaler Copy Share Image
“Hundreds of studies confirm that human forecasts are flawed and biased. Human decision making is not so great either. Again to take just one… — Richard H. Thaler Copy Share Image
“John Rawls (1971) called the publicity principle. In its simplest form, the publicity principle bans government from selecting a policy that it would not… — Richard H. Thaler Copy Share Image
“Our principal claim here is that patients and doctors should be free to make their own agreements about that right. If patients want to… — Richard H. Thaler Copy Share Image
“We are also greatly influenced by consumption norms within the relevant group. A light eater eats much more in a group of heavy eaters.… — Richard H. Thaler Copy Share Image
“When in a cold state, we do not appreciate how much our desires and our behavior will be altered when we are “under the… — Richard H. Thaler Copy Share Image
“you want to nudge people into socially desirable behavior, do not, by any means, let them know that their current actions are better than… — Richard H. Thaler Copy Share Image
Don't let's lose sight of what creates wealth. It is open markets, it is capitalism. — Rupert Murdoch Copy Share Image
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share Image
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. — Mark Zandi Copy Share Image
Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,… — Christopher Bond Copy Share Image
Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned… — Charles Boustany Copy Share Image
“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the… — Yaakov Malkin Copy Share Image
“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality… — Pierre Bourdieu Copy Share Image
Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,… — Kevin Rudd Copy Share Image
“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,… — Michael C. Mankins Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those… — Friedrich August von Hayek Copy Share Image
Economists think about what people ought to do. Psychologists watch what they actually do. — Daniel Kahneman Copy Share Image
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