Occupation: Economist Birth: May 15, 1915 Death: December 13, 2009
What we know about the global financial crisis is that we don't know very much..
If we made an income pyramid out of a child's blocks, with each layer portraying $1,000 of income, the peak would be far higher than the Eiffel Tower….
First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in ….
Even fans of actively managed funds often concede that most other investors would be better off in index funds. But buoyed by abundant self-confidenc….
Economics never was a dismal science. It should be a realistic science..
The stock market has predicted nine of the last five recessions..
I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks..
Good questions outrank easy answers..
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen..
Every good cause is worth some inefficiency..
Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science..
I don't care very much for the People Magazine approach to applied economics..
The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of in….
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support..
The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done..
A growing nation is the greatest ponzi game ever contrived..
Investing is like waiting for paint dry and grass grow so. If you like fun, let handle 800 USD and headed to Las Vegas.
But the trouble is that he [Alan Greenspan] had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy..
Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood….
Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not….
Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does..