I helped Ronald Reagan and Jack Kemp develop supply-side economics.
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
Well, I think first of all, probably the most fundamental thing is that we are a mixed-signal analog semiconductor company, which, along with some of the other well-known names in the industry, enjoys very good economics.
'Economics for Everybody' begins with understanding God's principles for organizing His creation and what that means for us as creatures and stewards.
I think that, especially among conservatives, there's a clear understanding that there are three legs to the conservative stool. There are the free-market economics conservatives, the social conservatives, and the national-security conservatives.
In a way, we're going backwards. In the early '80s, it was like all these huge strides, and everything was more free and easy. I think we're going back. I don't know if it's the economics or what, but things are getting more right-wing, definitely.
The data are what matter in economics, and the more ruthlessness that an economist can summon to make sense of the data, the more useful his findings will be.
I began my career as an economics professor but became frustrated because the economic theories I taught in the classroom didn't have any meaning in the lives of poor people I saw all around me. I decided to turn away from the textbooks and discover the real-life economics of a poor person's existence.
While Argentina, Brazil, and Chile - what in textbooks used to be called the ABC countries - seem settled into democratic politics and free market economics, the Andean countries are in disarray.
But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.
I think I have met nearly all the Laureates in Economics. Among the few I haven't met, I suppose I'd most like to meet Ronald Coase because of his legendary power to persuade his colleagues of the validity of the Coase Theorem.
I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is.
At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
I have an economics degree with a minor in sociology. The reason I have that is because I want to do a ministry in urban areas and help with underprivileged kids.
High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.
The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics.
I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name.
The only language that the Japanese whaling industry understands is economics.
We believe that economics does not necessarily have to be a zero-sum game; it can be a win-win proposition for everyone involved so long as they have the tools in which to succeed.
