1,161 Quotes About Economics

El hombre es un artefacto determinista metido en un universo probabilístico

Al realizar predicciones y juicios en condiciones de incertidumbre, la gente no parece seguir el cálculo de probabilidades ni la teoría estadística de la predicción. Más bien se basa en un limitado número de heurísticas que a veces dan lugar a juicios razonables y otras veces conducen a graves y sistemáticos errores.

Activity, effort, achievement, or service outside a hierarchical relationship and unmeasured by professional standards, threatens a commodity-intensive society.

A computer does not substitute for judgment any more than a pencil substitutes for literacy. But writing ability without a pencil isno particular advantage.

Macroeconomics people...are often wrong because of extreme complexity in the system they wish to understand

Equality in happiness is, in the first place, impossible.

Our minds become slaves to those we see as having total power to control us and to cause pain to us. We are quick to give up control of ourselves to those who have the power to rule us as long as they also have the power to feed us. This is the fundamental construct of a feudal society.

When you trick somebody into participating in a small-time fraud, it's called a 'scam.' But when the scam is so big that people have no choice but to participate, it's called 'economics.

Every industry should be either effectively competitive or socialized.