Economist Quotes - Page 7

• 'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.

  Alan Blinder

  Law, Influence, Economics

  "New ball game, same old team" by Faisal Islam, www.theguardian.com. March 6, 2004.

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• Sólo hay dos economistas en el Congreso y cientos de abogados. ¿Explica eso por qué el Gobierno es un desastre?

  Thomas Sowell

  Gobierno, Dos, Doe

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• I'm not going to put my lot in with economists, because I know if we get it right, if we actually did it right, if we had a president who used all the tools of the presidency, we would design it in such a way that it would be implemented effectively.

  Hillary Clinton

  "Exclusive Interview With Sen. Hillary Clinton". Interview by ABC news, abcnews.go.com. May 4, 2008.

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• Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '

  Ronald Coase

  Horse, Real, Years

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• Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).

  Arthur M. Schlesinger, Jr.

  Next, Economics, Predicting The Future

  "A Clinton Report Card, So Far" by Arthur Schlesinger, Jr., www.nytimes.com. April 11, 1993.

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• Only economists mistake physical opulence for riches.

  Aldo Leopold

  Mistake, Opulence, Riches

  Aldo Leopold (1972). “Round River”, p.29, Oxford University Press

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• The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.

  James Buchan

  Political, West, Financial

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• Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

  John Kenneth Galbraith

  Thinking, Scholarship, Colleagues

  John Kenneth Galbraith (2015). “The New Industrial State”, p.489, Princeton University Press

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• To start with, anybody who would like the world to be a better place should be able to think like an economist.

  Diane Coyle

  Thinking, World, Able

  Diane Coyle (2002). “Sex, Drugs, & Economics: An Unconventional Introduction to Economics”, Texere Publishing

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• El partido de Lincoln y de la Libertad se transmutó en el partido de los desarrolladores de pantanos y de los farsantes corporativos, de los economistas basados en la fe, de los matones fundamentalistas con Biblias, de los cristianos de conveniencia, de los racistas por cuenta propia, de los chicos de fraternidad misántropos, de los enanos chillones de la radio AM, de los tramposos fiscales, de los nihilistas con pantalones de golf, de los camisas pardas con raya diplomática, de los magnates de las fábricas de explotación ... Republicanos: La razón nº 1 por la que el resto del mundo piensa que somos sordos, tontos y peligrosos.

  Garrison Keillor

  Cristiano, Fiesta, Golf

  "We're Not in Lake Wobegon Anymore", These Times, 26 de agosto de 2004.

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• A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

  Christina Romer

  Thinking, Needs, Way

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• I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling ‘a professor of anatomy who was still a virgin.’

  Gerald M. Loeb

  Men, Odds, He Man

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• Pregunto a los economistas políticos y a los moralistas si alguna vez han calculado el número de individuos que deben ser condenados a la miseria, al trabajo excesivo, a la desmoralización, a la degradación, a la ignorancia, a la desgracia abrumadora y a la penuria absoluta para producir un hombre rico.

  Almeida Garrett

  Ignorancia, Hombres, Orden

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• Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.

  Ludwig von Mises

  Educational, Party, Independent

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• Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive for wealth.

  Robert Heilbroner

  Philosophy, Men, Philosopher

  The Worldly Philosophers introduction (1953)

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• where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had been customarily understood, economists like Mises and Hayek pursued a different path, one Nietzsche would never have dared to take: they made the market the very expression of morality.

  Ludwig von Mises

  Expression, Path, Different

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• I'm not a politician, I'm not an economist. I'm just a simple Brian surgeon and a scientist who's trying to do my best every day.

  Alfredo Quinones-Hinojosa

  Simple, Trying, Politician

  Fuente: www.pbs.org

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• En un estudio exhaustivo de todos los tiroteos públicos múltiples ocurridos en Estados Unidos entre 1977 y 1999, los economistas John Lott y Bill Landes descubrieron que la única política pública que reducía tanto la incidencia como el número de víctimas de esos tiroteos eran las leyes de portación oculta. No sólo se producen un 60% menos de masacres con armas de fuego después de que los estados adopten leyes de portación oculta, sino que el índice de muertos y heridos en esos tiroteos se reduce en un 80%.

  Ann Coulter

  Gun, Law, America

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• When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are always two sides to the balance sheet. And one party’s money or savings is another party

  Michael Hudson

  Party, Balance, Speak

  Fuente: www.counterpunch.org

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• Si preguntas a cualquier economista, te dirá que lo único que hace la deducción de los intereses hipotecarios es subir el precio de la vivienda. Así que una pareja está mirando la casa, y dicen: "Oh, nos encanta esta casa, pero no podríamos hacer el pago mensual". Y el agente de bienes raíces dice: "Sí, pero usted va a obtener una reducción de impuestos." Así que la gente paga más de lo que pagaría de otro modo. Usted toma una pérdida a pesar de que usted está haciendo una ganancia.

  T.R. Reid

  Couple, Loss, People

  Fuente: www.pbs.org

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• Si tu empresa te paga el seguro médico, eso no se cuenta como ingresos para ti. Y cualquier economista diría que eso son tus ingresos, porque te pagarían un salario más alto si no lo asumieran. Es una pérdida enorme para Hacienda.

  T.R. Reid

  Loss, Treasury

  Fuente: www.pbs.org

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• Los responsables políticos han fracasado claramente tanto aquí, en Estados Unidos, como en Europa. Hay gente que ha sufrido por ello. Y cuando dicen: "Echemos a los economistas, ya no confiamos en los economistas", se entiende perfectamente por qué.

  Katty Kay

  People, Policy

  Fuente: www.nbcnews.com

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• What would've happened, do you think, had the government not intervened in October 2008? The catastrophe to the economy would've been absolutely unbelievable. And yet classical economists say, "Oh, well, no, it would've adjusted perfectly happily, a few weeks of pain and then everything would've gone on as before, without a banking system left." And that's what makes it so maddening, that these bankers are back saying it was all the government's fault. The government saved their skins. It didn't want to, but it needed to save their skins in order to save the rest of us.

  Robert Skidelsky, Baron Skidelsky

  Pain, Thinking, Skins

  Fuente: bigthink.com

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• I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior.

  Milton Friedman

  Libertad, Pensamiento, Gobierno

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• For the historian everything begins and ends with time, a mathematical, godlike
  time, a notion easily mocked, time external to men, 'exogenous,' as economists
  would say, pushing men, forcing them, and painting their own individual times
  the same color: it is, indeed, the imperious time of the world.

  Fernand Braudel

  Time, Men, Color

  Fernand Braudel (1982). “On History”, p.48, University of Chicago Press

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