Economists don't usually make good speculators, because they think too much.
My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of economics.
The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled.
Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded by ideology.
The evolution of government from its medieval, Mafia-like character to that embodying modern legal institutions and instruments is a major part of the history of freedom. It is a part that tends to be obscured or ignored because of the myopic vision of many economists, who persist in modeling government as nothing more than a gigantic form of theft and income redistribution.
I'm not going to put my lot in with economists.
The economists will have to revise their theories of value.
Economists are almost unanimous in conceding that the land tax has no adverse side effects. . . . Landowners ought to look at both sides of the coin. Applying a tax to land values also means removing other taxes. This would so improve the efficiency of a city that land values would go up more than the increase in taxes on land.
As economists have long noted, the puzzle is not that so few people vote, it's that so many do. After all, no individual's vote has ever tipped the balance in a presidential election.
There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess?
Economists talk about profit motive, but nothing motivates modern man more than a chance to avoid taxes!
The economists who have put the spotlight on teacher quality are the ones who most misunderstand it.
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
Beware of economists who hide assumptions.
Economists think the poor need them to tell them that they are poor.
Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses.
At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider when we make our decisions.
Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.
When politicians & economists understand we live in a finite world & act accordingly then a better future has a chance
Economists use the word consume to mean "utilize economic goods," but the Shorter Oxford Dictionary's definition is more appropriate to ecologists: "To make away with or destroy; to waste or to squander; to use up. " The economies that cater to the global consumer society are responsible for the lion's share of the damage that humans have inflicted on common global resources.
