Applied Economics Quotes & Sayings

The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy. — Benjamin Graham

You open the gates of the soul to let the dark flood of chaos flow into your order and meaning. If you marry the ordered to the chaos you produce the divine child, the supreme meaning beyond meaning and meaninglessness. — C. G. Jung

He's like the tiger shark in Jaws. The one Dreyfuss cuts open in the fisherman's basement. That's why we named him Hooper. You remember the tiger shark? He had a license plate in his stomach?" "I never saw Jaws. I caught one of the sequels on TV in rehab. The one with Michael Caine." Another silence followed, this one awestruck and wondering. "Jesus. No wonder we didn't last," Lou said. — Joe Hill

My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation. — Robert C. Merton

Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results. — Millicent Fenwick

When you're DJing, there are songs I love to play, but I know people are going to walk off. It doesn't matter what I like. You have to be able to play the popular song and slip in one of yours, in such a way that they don't notice it. You've got them in such a roll that you get them back into what they think they like. — Russell Peters

neither we nor our planet enjoys a privileged position in Nature. This insight has since been applied upward to the stars, and sideways to many subsets of the human family, with great success and invariable opposition. It has been responsible for major advances in astronomy, physics, biology, anthropology, economics and politics. I wonder if its social extrapolation is a major reason for attempts at its suppression. — Carl Sagan

Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends. — Ludwig Von Mises

We're all of us prospectors up here, eh, Tyler? Scratchin' for that... that one crack in the ground. Never have to scratch again. I'll let you in on a little secret, Tyler: the gold's not in the ground. The gold's not anywhere up here. The real gold is south of 60 - sittin' in livin' rooms, stuck facin' the boob tube, bored to death. Bored to death, Tyler...Boredom - that's what's wrong. And how do you beat boredom, Tyler?... Adventure. — Curtis Hanson

There is no such thing as economics, only social science applied to economic problems. — Kenneth E. Boulding

Do you think you could stop crying for a minute? It makes conversation a bit difficult. — Vivien Alcock

Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications. — James R Newman

The first proponent of cortical memory networks on a major scale was neither a neuroscientist nor a computer scientist but .. a Viennes economist: Friedrich von Hayek (1899-1992). A man of exceptionally broad knowledge and profound insight into the operation of complex systems, Hayek applied such insight with remarkable success to economics (Nobel Prize, 1974), sociology, political science, jurisprudence, evolutionary theory, psychology, and brain science (Hayek, 1952). — Joaquin Fuster

If you cannot keep a relationship seriously, why even start one? — Mario Torres

Game theory is a branch of, originally, applied mathematics, used mostly in economics and political science, a little bit in biology, that gives us a mathematical taxonomy of social life, and it predicts what people are likely to do and believe others will do in cases where everyone's actions affect everyone else. — Colin Camerer

Along with the mystical wonderment and sense of ecological responsibility that comes with the recognition of connectedness, more disturbing images come to mind. When applied to economics, connectedness seems to take the form of chain stores, multinational corporations, and international trade treaties which wipe out local enterprise and indigenous culture. When I think of it in the realm of religion, I envision smug missionaries who have done such a good job of convincing native people everywhere that their World-Maker is the same as God, and by this shoddy sleight of hand have been steadily impoverishing the world of the great fecundity and complex localism of belief systems that capture truths outside the Western canon. And I wonder - if everything's connected, does that mean that everything can be manipulated and controlled centrally by those who know how to pull strings at strategic places? — Malcolm Margolin

I don't care very much for the People Magazine approach to applied economics. — Paul Samuelson

A healthy economics has got to have both conceptual, theoretical research and applied, empirical research. — Edmund Phelps

People who are meant to play an important role in your life will often come knocking on your front door. However, it is up to you to decide whether or not you want to open the door and let them in. — K.R. Fajardo

I don't like stuff that can only go into one set; I want stuff that can be applied across sets. It's a more real Lego building experience. And, of course, it's the same from a manufacturing point of view. I want elements that are universal; that gives me the best economics and best utilisation of the mould. — Jorgen Vig Knudstorp