Edward C. Prescott Zitate – Sprüche auf Englisch mit Übersetzung

Zitat des Tages von Edward C. Prescott:

The Chinese are saving like mad, but they are not getting a very good return on their savings.

In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.

Edward C. Prescott

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

Edward C. Prescott

Economic integration is the path to riches and peace.

Edward C. Prescott

Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top.

Edward C. Prescott

At some point, the spectacular growth in China has to stop.

Edward C. Prescott

Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

Edward C. Prescott

I love creating models and coming up with explicit structures I can play with.

Edward C. Prescott

The Chinese are saving like mad, but they are not getting a very good return on their savings.

Edward C. Prescott