Phrases about 'Economics'
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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.
Author: George Stigler - American EconomistMe , Never , Quality , Economics
The scientific study of labor economics provided the opportunity for me to unite theory with evidence my lifetime intellectual passion.
Author: James Heckman - American EconomistMe , Passion , Opportunity , Economics
A lot of my colleagues have been people with broad interests in economics, not just narrowly focused interests.
Author: Lars Peter Hansen - American EconomistPeople , Colleagues , Focused , Economics
Both economics and politics are false sciences.
Author: Leon Russell - American MusicianPolitics , Economics , False , Both
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.
Author: Malcolm Turnbull - Australian PoliticianYou , Money , Opportunity , Economics
I got into economics because I wanted to make things better for the average person.
Author: Ben Bernanke - American Public ServantBetter , Person , Things , Economics
Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.
Author: Kurt Bills - American PoliticianPeople , Time , Best , Economics
Fungible goods in economics can be extended and traded. So, half as much grain is half as much useful, but half a baby or half a computer is less useful than a whole baby or a whole computer, and we've been trying to make computers that work that way.
Author: Neil Gershenfeld - American ScientistWork , Computers , Baby , Economics
The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human beings swing from greed to fear, and why we're not really calculating machines or utility-maximisers.
Author: Niall Ferguson - British HistorianGood , Great , Fear , Economics
You can be taking two steps forward as an actor, but if a movie doesn't make money, you might as well be taking two steps backwards. It's all about economics.
Author: Joel Grey - American ActorYou , Money , Forward , Economics
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