#economics

A guidance counselor who has made a fetish of security, or who has unwittingly surrendered his thinking to economic determinism, may steer a youth away from his dream of becoming a poet, an artist, a musician or any other of thousands of things, because it offers no security, it does not pay well, there are no vacancies, it has no "future". ↗

— Henry M. Wriston

#dreams #economics #education #jobs #occupations

Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption. ↗

— Evan Davis

#assume #assumption #behaviour #behavioural #deviate

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

However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious. ↗

— Garrett Hardin

#deeper #ecology #economics #fundamental #held