Nobel Prize Economics Quotes & Sayings

I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world. — Juan Somavia

The Nobel Prize is not very important for the winners - they are usually pretty successful people already. But it is valuable as a way of drawing the public's attention to important work in economics. — Eric Maskin

The Nobel Prize confers on an individual an authority which in economics no man ought to possess. — Friedrich August Von Hayek

I once interviewed Robert Solow, winner of the 1987 Nobel Prize in Economics and a noted baseball enthusiast. I asked if it bothered him that he received less money for winning the Nobel Prize than Roger Clemens, who was pitching for the Red Sox at the time, earned in a single season. "No," Solow said. "There are a lot of good economists, but there is only one Roger Clemens." That is how economists think. — Charles Wheelan

Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company. — Robert J. Samuelson

Maybe if you win a Nobel Prize in economics, you make a lot of money by giving talks ... but not in my area. — Wolfgang Ketterle

With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method. — Simon Kuznets

I think it is true to say that I am not the first Nobel Prize winner in economics to have little formal training in economics. — Clive Granger

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

academic literature. Major influences on my thinking include Douglass North, who won the Nobel Prize for Economics for his work on institutions; the pre-eminent economist of modern Africa, Paul Collier, author of The Bottom Billion and Plundered Planet; Hernando de Soto, the Peruvian economist and author of The Mystery of Capital; Andrei Shleifer and his numerous co-authors, who have pioneered an economic approach to the comparative study of legal systems; and Jim Robinson and Daron Acemoglu, whose book Why Nations Fail asks similar questions to the ones that interest me. — Niall Ferguson

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists. — Joseph Stiglitz

When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize. — Simon Kuznets

Two Americans have been awarded the Nobel Prize for Economics. They are the first to figure out all the charges on their telephone bill. — Jay Leno

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. — Friedrich August Von Hayek

It's not only possible, but likely that the Nobel Prize in economics will go in alternate years to people who disagree on nearly everything fundamental. — Jerry Pournelle

New York Times columnist Paul Krugman told one of the authors in Seoul, South Korea, a de cade ago that he has always followed one piece of advice that his MIT professors had given him: "Never touch the money system." Krugman was awarded the Nobel Prize for Economics in 2008. — Anonymous