The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.
Being working class, my parents thought, 'Ian's going to uni, the first in the family,' and I'd do dentistry or accountancy. I was going to do accountancy; then I got a C in Economics and thought, 'Why am I doing this?' The only thing I was interested in was books and literature.
If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.
Now that virtually every career is an option for ambitious girls, it can no longer be considered regressive or reactionary to reintroduce discussion of marriage and motherhood to primary education. We certainly do not want to return to the simplistic duality of home economics classes for girls and wood shop for boys.
I went to college as an economics major because that was the easiest major that could still please your Asian parents, and then, much to their dismay, I became a stand-up comedian.
You need to invest in areas where you can be the market leader because then you get a disproportionate share of the economics when you are.
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious.
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.
The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed in standard economic theory.
My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.
Economics is a subject that does not greatly respect one's wishes.
Zero-sum thinking is an obsession of mine, but mostly in economics.
Economics is extremely useful as a form of employment for economists.
I don't think exactly like a professional economist. I think about economics and economic ideas, but somewhat like an outsider.
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics as much as seems reasonable because the economists who use more mathematics are somehow more respected than those who use less. That's the trend.
Middle-out economics rejects the old misconception that an economy is a perfectly efficient, mechanistic system and embraces the much more accurate idea of an economy as a complex ecosystem made up of real people who are dependent on one another.
Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated.
