Akerlof Market Quotes & Sayings

No free people can lose their liberties while they are jealous of liberty. But the liberties of the freest people are in danger when they set up symbols of liberty as fetishes, worshipping the symbol instead of the principle it represents. — Wendell Phillips

The first time I heard that kind of pain, my mother's pain, something held me back. I'll tell you it was the hook-briar which held me fast. I'll show you the scars. But in the night, before the dreams come, a voice whispers to me that it was fear that held me back, terror that rooted me in the briar, safe while I watched them die. Another — Mark Lawrence

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics. — George Akerlof

Frugality without creativity is deprivation. — Amy Dacyczyn

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level. — George Akerlof

If someone suddenly lost their director the day before shooting and wanted me to step in, I'd be willing to. But I'd do brain surgery the same way. I'm always up for something new. — Carter Burwell

I became aware of just how fleeting the sense of happiness was, and how flimsy its basis: a warm restaurant after having come in from the rain, the smell of food and wine, interesting conversation, daylight falling weakly on the polished cherrywood of the tables. It took so little to move the mood from one level to another, as one might push pieces on a chessboard. Even to be aware of this, in the midst of a happy moment, was to push one of those pieces, and to become slightly less happy. — Teju Cole

God had told Abram, "Leave your own country behind you, and your own people, and go to the land I will guide you to. 2 If you do, I will cause you to become the father of a great nation; I will bless you and make your name famous, and you will be a blessing to many others.[*] 3 I will bless those who bless you and curse those who curse you; and the entire world will be blessed because of you."[*] — Anonymous