#economics

The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road. ↗

— James Thurber

#depend #economics #farce #funnier #his

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory. ↗

— James Tobin

#elaborate #foundations #logic #monetary #more

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else. ↗

— Malcolm Turnbull

#concepts #cost #economics #else #idea

The breakdown of the black community, in order to maintain slavery, began with the breakdown of the black family. Men and women were not legally allowed to get married because you couldn't have that kind of love. It might get in the way of the economics of slavery. Your children could be taken from you and literally sold down the river. ↗

— Kerry Washington

#because #began #black #black community #black family

The Sherman Act is similar in the economics sphere to the Bill of Rights in the personal sphere. ↗

— Harold H. Greene

#bill #bill of rights #economics #personal #rights

Religion and art spring from the same root and are close kin. Economics and art are strangers. ↗

— Nathaniel Hawthorne

#close #economics #kin #religion #root

Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance. ↗

— E.F. Schumacher

#econometrics #economics #beauty

In economics, the majority is always wrong. ↗

— John Kenneth Galbraith

#economics #majority #wrong

Economics, politics, and personalities are often inseparable. ↗

— Charles Edison

#inseparable #often #personalities #politics

The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly. ↗

— George Stigler

#before #central #chicago #close #department