I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic...

Clearly this is a tough economic time, and a lot of families are hurting. So when we talk to parents, we talk about small changes for kids and things that don't cost extra money. Like adding water and...

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially...

The sinews of war are infinite money.

Summer is the mother of the poor.

Capitalism in the United States has undergone profound modification not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a...

Thirty years ago {written 2009}, over-regulation, over-taxation, mis-regulation, statism, state corporatism, and economic folly, cosiness and regulatory capture, and a crescent ideological enemy...

The economy depends about as much on economists as the weather does on weather forecasters.

Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so-called economists who in turn are full of schemes for getting something for nothing. They...

No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World.

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...

The richer and more market-oriented societies have become, the nicer people have behaved.

If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he does not play the stock market.

this is to mistake the effect for the cause. In a free economy such ways of making money emerge by an invisible hand from choices made by all of us. It is the demand for cars, oil, cheap food and...

They'd only been here for a couple of years, only employed twenty people all told, their two-year tax holiday was ending. Place

Businesspeople are not used to thinking about closed systems; economists are.

In his eighteenth-century system of the world, Newton brought together two themes. Embodied in his calculus and physics, one Newtonian revelation rendered the physical world predictable and...

General admission for groundlings - those who stood in the open around the stage - was a penny. Those who wished to sit paid a penny more, and those who desired a cushion paid another penny on top of...

And when horny, well-paid American flyboys are dropped into a culture defined half by cannibals and half by Frenchmen, you get a hell of a civilian economy.

He wants to focus on what he calls 'cultural issues.' That makes sense, because when you're going to rob people blind you don't want to have them focus their attention on economic issues.

One should attend carefully to the fear and desperation of the powerful. They understand very well the potential reach of the "ultimate weapon," and only hope that those who seek a more free and just...

The ideas of debtor and creditor as to what constitutes a good time never coincide.

On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system which, with a sureness and certainty so comprehensive one could almost imagine the...

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don't, and anyone who says they do is full of shit.

International business, once allowed to stalk uncontrolled, killed the local, the small, the quirky.