Quotes of All Topics . Occasions . Authors
Climate change is a reality.
America will suffer under Trump.
GDP tells you nothing about sustainability
Society can't function without shared prosperity.
Poverty is what we call the extremes at the bottom.
American inequality didn't just happen. It was created.
It is always better to tax bad things than good things.
Workers' rights should be a central focus of development.
It is trust, more than money, that makes the world go round.
Letting bygones be bygones is a basic principle in economics.
If you destroy a firm, you can't pull it out of bankruptcy overnight.
Tax policy should reflect a country's values and address its problems.
When markets fail, as they often do, collective action becomes imperative.
The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.
America under Trump has gone from being a world leader to an object of derision.
The U.S. basically wrote the rules and created the institutions of globalisation.
Growth is not an objective in itself; we should be concerned with standards of living.
The reason that the invisible hand often seems invisible is that it is often not there.
Development is about transforming the lives of people, not just transforming economies.
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
But while I loved all of these courses, there was an irresistible attraction of economics.
Amherst is a liberal arts college, committed to providing students with a broad education.
I grew up in a family in which political issues were often discussed, and debated intensely.
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.
China, with its large emerging middle class, is among the big beneficiaries of globalization.
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
I knew that discrimination existed, even though there were many individuals who were not prejudiced.
A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking.
Trump can bring jobs back, but they will be minimal-wage jobs, not the high-paying jobs of the 1950s.
When I said "the pocket of the banks," it is not necessarily a mercenary relationship. It is a mindset.
What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.
When you have a highly divided society, it's hard to come together to make investments in the common good.
When you're in government, you have a big impact in Washington, but Washington may not be doing very much.
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.
If I came home with a grade of A, my father would say, 'There must have been a lot of dummies in that class.'
Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis.
What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.
There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof.
The Paris climate agreement may be a harbinger of the spirit and mindset needed to sustain genuine global cooperation.
What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.
Trump assumed office promising to 'drain the swamp' in Washington, D.C. Instead, the swamp has grown wider and deeper.