Seventy percent of the fish we eat is black market, fished in violation of international laws. Our ignorance makes us unwilling partners in crime. Rogue economics is turning the global market into our worst nightmare.
We all understand the economics of the Super Bowl - 10 or 12 minutes of the ball in motion will be stretched into three and a half hours or more of money-making commercials.
The economics of the security world are all horribly, horribly nasty and are largely based on fear, intimidation and blackmail.
The creation of NIT has ensured some seats for admission in undergraduate courses for students of Arunachal Pradesh, which will bound to uplift economics of locality directly or indirectly and help in enhancing human development index in the state.
There is a moral underpinning to economics. And the kinds of questions that it asks and the kinds of solutions it proposes do seem to me to belong in a more humanistic framework.
I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.
When goods are digital, they can be replicated with perfect quality at nearly zero cost, and they can be delivered almost instantaneously. Welcome to the economics of abundance.
The modern economics of the newsroom don't support big investigative reporting staffs.
In my junior year in college, I was getting kind of tired of French. So, I took an economics course, and I loved it. The rest of my two years in college I spent in economics.
Religion and art spring from the same root and are close kin. Economics and art are strangers.
From 1931 to 1937, I was a Fellow and Lecturer in Economics at Hertford College, Oxford.
Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.
We plutocrats need to get this trickle-down economics thing behind us: this idea that the better we do, the better everyone else will do. It's not true. How could it be? I earn 1,000 times the median wage, but I do not buy 1,000 times as much stuff, do I?
I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One must be free to do what one wants to do, as long as you don't harm another. This is the seminal treatise on free-market economics.
Monetary policy is one of the most difficult topics in economics. But also, I believe, a topic of absolutely crucial importance for our prosperity.
