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Read through the most famous quotes by topic #economic
The number of games went up or down according to the brutal, elegant logic of the economics of fun: a certain amount of difficulty plus a certain amount of your friends plus a certain amount of interesting strangers plus a certain amount of reward plus a certain amount of opportunity equaled fun ↗
In Africa, there is a birthrate trap: a higher standard of living will lead to smaller families but smaller families will not lead to a higher standard of living. ↗
#birth-rate #family #socioeconomic-failure #socioeconomics #standard-of-living
If you invest all your energy in economics, world commerce, parliamentarianism, military engagements, power and power politics, -if you take the quantum of intelligence, seriousness, will, and self-overcoming that you embody and expend it all in this one direction, there there won't be any left for the other direction. Culture and the state - let us be honest with ourselves - these are adversaries. ↗
Although the view that, once discovered, ideas can be imitated for free by anybody is pervasive, it is far from the truth. While it may occasionally be the case that an idea is acquired at no cost—ideas are generally difficult to communicate, and the resources for doing so are limited. It is rather ironic that a group of economists, who are also college professors and earn a substantial living teaching old ideas because their transmission is neither simple nor cheap, would argue otherwise in their scientific work. Most of the times imitation requires effort and, what is more important, imitation requires purchasing either some products or some teaching services from the original innovator, meaning that most spillovers are priced. ↗
