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Edmund Phelps Quote: 'A healthy economics has got to ...'

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I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis.
James Tobin
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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
Tags: Business Had Made
I am opposed to both cloning and the destruction of human embryos and adamantly opposed to funding of embryonic stem cell research.
Sandy Adams
Tags: Am I Am Human
Selling drug secrets violates a trust that is fundamental to the integrity of both scientific research and our financial markets.
Chuck Grassley
Tags: Trust Our Both
Both European and American historians have done away with any conceptual limits on what in the past needs and deserves investigating. The result, among other things, has been a flood of works on gender history, black history, and ethnic history of all kinds.
Edmund Morgan
Commercial institutions, proud of their achievements, do not see that healthy living systems - clean air and water, healthy soil, stable climates - are integral to a functioning economy. As our living systems deteriorate, traditional forecasting and business economics become the equivalent of house rules on a sinking cruise ship.
Paul Hawken
Tags: Business Our See
The research I have been doing - studying how foodstuffs yield energy in living cells - does not lead to the kind of knowledge that can be expected to give immediate practical benefits to mankind. If I have chosen this field of study, it was because I believed in its importance in spite of its theoretical character.
Hans Adolf Krebs
As a multisport athlete, I was always fascinated with competition and how to win. At HBS and later at the Harvard Department of Economics, I was drawn to the field of competition and strategy because it tackles perhaps the most basic question in both business management and industrial economics: What determines corporate performance?
Michael Porter
Some people focus more on sonics. Some people focus more on story. I focus on both sonics and story, but music sometimes, just music itself, can turn into more of a maths problem. I guess everything in life is a math problem, but it can be more about an empirical route to getting the symmetry that you want, and this vibe, sonically.
Frank Ocean
Tags: Music You People
The special sphere of finance within economics is the study of allocation and deployment of economic resources, both spatially and across time, in an uncertain environment. To capture the influence and interaction of time and uncertainty effectively requires sophisticated mathematical and computational tools.
Robert C. Merton
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There is a healthy fraternal rivalry, but nothing serious and we both have been looking for a project to do together. I guess he may direct me in a project some day.
Mackenzie Astin
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For centuries, economic thinkers, from Adam Smith to John Maynard Keynes, have tried to identify the elusive formula that makes some countries more prosperous and successful than others. My curiosity about this topic spurred me, as a young professor of economics in the late 1970s, to research new ways of measuring national competitiveness.
Klaus Schwab
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I am now completing research supported by NSF and NEH that is mapping changes in the English language through all of North America, for both mainstream and minority communities.
William Labov
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If your neighbor has a completely different view on abortion, gay marriage, stem cell research, all of those things, you still are both Americans. Neither one of you is necessarily more patriotic than the other. Neither loves their country any more than the other one does.
Phil McGraw
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Great art - or good art - is when you look at it, experience it and it stays in your mind. I don't think conceptual art and traditional art are all that different.
Damien Hirst
When computers came along, I felt for the first time that I had the proper tools for the kind of theoretical work I wanted to do. So I moved over to that, and that got me into psychology.
Herbert A. Simon
Though I had success in my research both when I was mad and when I was not, eventually I felt that my work would be better respected if I thought and acted like a 'normal' person.
John Forbes Nash, Jr.
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Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as 'The Pirates of the Caribbean' and 'Butch Cassidy and the Sundance Kid' have gone a long way to popularise both pirates and outlaw behaviour, the truth of the matter is that piracy is illegal, and it kills.
Peter Middlebrook
Tags: Truth Very Way
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Theoretical principals must sometimes give way for the sake of practical advantages.


William Pitt
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As many political writers have pointed out, commitment to political equality is not an empirical claim that people are clones.
Steven Pinker