#economists

It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health; they also want to know whether researchers can validate subjective responses with physiological indices. ↗

— Daniel Kahneman

#clear #economists #going #health #interested

Most economists are accustomed to treating companies as idyllic places where everyone is devoted to a common goal: making as much money as possible. In the real world, that’s not how things work at all. Companies aren’t big happy families where everyone plays together nicely. Rather, most workplaces are made up of fiefdoms where executives compete for power and credit, often in hidden skirmishes that make their own performances appear superior and their rivals’ seem worse. Divisions compete for resources and sabotage each other to steal glory. Bosses pit their subordinates against one another so that no one can mount a coup. Companies aren’t families. They’re battlefields in a civil war. Yet despite this capacity for internecine warfare, most companies roll along relatively peacefully, year after year, because they have routines – habits – that create truces that allow everyone to set aside their rivalries long enough to get a day’s work done. ↗

— Charles Duhigg

#economists #workplace #business

When better business decisions are made, economists won't make them. ↗

— Herbert Prochnow

#business #decisions #economists #made #make

Economists often like startling theorems, results which seem to run counter to conventional wisdom. ↗

— Joseph Stiglitz

#conventional wisdom #counter #economists #like #often

With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue. ↗

— Nassau William Senior

#attention #been #complaint #confine #consideration

We want an economic team, Paul Krugman and Robert Kuttner, Joseph Steiglitz's people and others, who say, you know what? We're sophisticated economists but we're concerned about poor and working people. ↗

— Cornel West

#concerned #economic #economists #joseph #know

You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, 'It could have been much better.' ↗

— Jamie Dimon

#better #book #cannot #could #economists

The Communists were interested in getting into key positions as union officers, statisticians, economists, etc., in order to utilize the apparatus of the unions to promote the cause of revolution. ↗

— John T. Flynn

#cause #communists #economists #etc #getting

Economics is extremely useful as a form of employment for economists. ↗

— John Kenneth Galbraith

#economics #economists #employment #extremely #form

I have always been considered to be the most German among Italian economists, which I always received as a compliment, but was rarely meant to be one. ↗

— Mario Monti

#among #been #compliment #considered #economists