#economist

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit. ↗

— Martin Feldstein

#although #any #bring #change #changes

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today. ↗

— Martin Feldstein

#argued #cost #economists #high #inconvenience

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

An economist is a man who states the obvious in terms of the incomprehensible. ↗

— Alfred A. Knopf

#incomprehensible #man #obvious #states #terms

El estudio de la economía no parece exigir ningún don especializado de un orden excepcionalmente superior. ¿No es una disciplina muy fácil comparada con las ramas superiores de la filosofía o la ciencia pura?. Una disciplina fácil de la que muy pocos sobresalen. La paradoja tal vez tenga su explicación en que el economista experto debe poseer una rara combinación de dones. Debe ser en cierta medida matemático, historiador, estadista, filosofo. Debe comprender los símbolos y hablar en palabras. Debe contemplar lo particular desde la óptica de lo general y considerar en un mismo razonamiento lo abstracto y lo concreto. Debe estudiar el presente pensando en el futuro. Ningún aspecto de la naturaleza del hombre o de sus instituciones debe quedarse al margen de su consideración. Debe ser simultáneamente decidido y desinteresado; tan distante e incorruptible como un artista y, sin embargo a veces tan cerca del suelo como un político ↗

— John Maynard Keynes

#economy #inspirational #profession #inspirational

If all the economists in the world were laid end to end, it wouldn't be a bad thing. ↗

— Peter Lynch

#bad thing #economists #end #laid #thing

What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist. ↗

— Douglass North

#become #continuous #convinced #course #did

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

— Herbert Prochnow

#business #decisions #economists #made #make

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare. ↗

— Ben Bernanke

#dead #economist #john #long #long run

In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question. ↗

— Mark Zandi

#auto #auto industry #because #detroit #economist