Top Economics Quotes & Sayings

[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us. — Debbie Wasserman Schultz

University of California professor Emmanuel Saez, Thomas Piketty of the Paris School of Economics, and Stefanie Stantcheva of the MIT Department of Economics, carefully taking into account the incentive effects of higher taxation and the societal benefits of reducing inequality, have estimated that the tax rate at the top should be around 70 percent - what it was before President Reagan started his campaign for the rich.68 But — Joseph E. Stiglitz

I don't expect to get 100 percent of what I want, but what we can't do is go back to the kind of top-down economics that doesn't work. — Barack Obama

Be careful ... any time you find yourself defining the "winner" as someone other than the agent who is currently smiling from on top of a giant heap of utility. — Eliezer Yudkowsky

People have a hard time accepting free-market economics for the same reason they have a hard time accepting evolution: it is counterintuitive. Life looks intelligently designed, so our natural inclination is to infer that there must be an intelligent designer
a God. Similarly, the economy looks designed, so our natural inclination is to infer that we need a designer
a government. In fact, emergence and complexity theory explains how the principles of self-organization and emergence cause complex systems to arise from simple systems without a top-down designer. — Michael Shermer

I recalled an economics professor in Fujian who spoke to me of China's inevitable return to the top of the world order. It was just a matter of time.
"I have teapots older than your country," the professor said, sipping his tea. "And they're /very/ sturdy teapots. — Alex Tizon

For every mountain there is another one. The big question is if you reach the top of the mountain, what then? What do you do then? I suppose you die. — Frank Lowy

Rather than double-down on the top-down economics that let a fortunate few play by their own rules, let's embrace an economic patriotism that says we rise or fall together, as one nation, and as one people. — Barack Obama

At its heart, this book touches on a mystery of economics: what exactly is happening in our world, and why does it often work so well? As the authors show, apparently messy systems - such as untidy desks - actually exhibit a high degree of order: the piles of paper are close to hand, and the most important documents tend to make their way to the top while un-needed ones sink to the bottom. If the mess works, why mess with it? — Nicholas Blincoe

We can't afford more top-down economics. What we need are policies that will grow and strengthen the middle class. — Barack Obama

Emergent properties result from interactions between individual parts, so it follows that a top down analytical approach that begins with the whole and dissects it into its constituent parts is bound to miss precisely those emergent properties — Manuel De Landa

It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line. — Yuri Milner

So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it. — Barack Obama

Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow. — Kurt Vonnegut

The basic issue of an American society which is fair, which is providing opportunity for all, is nowadays being replaced by the correct perception that we're living in a rigged economy - where it doesn't matter how hard you worked, the result will be all the income goes to the people at the very top. It's leading to a lot of frustration and anger, and people want some fundamental changes to the way we do economics and growth. — Bernie Sanders

By now, they rank people by income level or wages roughly the same: The bottom seventy per cent or so are virtually disenfranchised; they have almost no influence on policy, and as you move up the scale you get more influence. At the very top, you basically run the show. — Noam Chomsky

Since I was a law student, I have been against the death penalty. It does not deter. It is severely discriminatory against minorities, especially since they're given no competent legal counsel defense in many cases. It's a system that has to be perfect. You cannot execute one innocent person. No system is perfect. And to top it off, for those of you who are interested in the economics it, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole — Ralph Nader

I'm one of the top 2 or 3 or 4 most conservative members in the House of Representatives when it comes to economics. — Jeb Hensarling

To be an effective organisation, the structure of the organisation must be willing to adapt to a network model, leaving the old hierarchy model behind. We see the efficacy of the network model daily in many areas of our lives, and this greatly challenges the old from-top-to-down hierarchical model that many organisations have a hard time letting go of. But I suppose at the end of the day, it is a matter of survival. Simply put, in order to survive, one must adapt and to adapt today, means to take on a more networked approach to doing things in organisations, groups, companies and even in society as a whole (including politics). So in other words, in order for society in all of its forms from big to small, to move forward strongly, it must adapt to a framework that sees itself as a network rather than a hierarchy. — C. JoyBell C.

When you choose your profession, you also choose your own downfall or success. If one chooses to become an artist it is 99% certain that it will go to hell. So you should not become that. If you study economics on Oslo, 99% of all students will do very well and 1% will reach the top. — Odd Nerdrum