Phrase by 'Edward C. Prescott'

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A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated.

Author: Edward C. Prescott - American Economist
  More , Happens , Technological , Quickly


In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.

Author: Edward C. Prescott - American Economist
  More , Better , Technology , Economic


You need a real crisis before you have reforms.

Author: Edward C. Prescott - American Economist
  Crisis , You , Need , Real


The money is nice, but I am not in this game for the money.

Author: Edward C. Prescott - American Economist
  Money , Game , I Am , Nice


Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

Author: Edward C. Prescott - American Economist
  See , Own , Like , Economics


I love creating models and coming up with explicit structures I can play with.

Author: Edward C. Prescott - American Economist
  Love , Up , I Can , Play


Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

Author: Edward C. Prescott - American Economist
  You , People , Good , Random


After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people.

Author: Edward C. Prescott - American Economist
  People , World , Value , War


You can't spend your way to prosperity.

Author: Edward C. Prescott - American Economist
  You , Your , Way , Prosperity


If productivity grows, the economy does well.

Author: Edward C. Prescott - American Economist
  Well , Does , Economy , Productivity


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