Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may devia...
Competitive skills are desperately needed by poor children in America, and realistic recognition of the economic roles that they may someday have an opportunity to fill is obviously important, too. But there is more to life, and there ought to be muc...
The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s.
An imposing wall prominently divides the visions of President Obama and congressional Republicans when it comes to economic growth and creating jobs. Solyndra is on one side and the Keystone pipeline is on the other.
You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of...
...capitalism is too important and complex a subject to be left to economists. Achieving a critical comprehension of it requires perspectives beyond those characteristic of modern economics. That is why this is a history not of economic ideas, but of...
Our assessment of socio-economic worth is largely a sham. We scientists should not lend ourselves to it - though we routinely do. We should, instead, insist on applying the criterion of quality.
One of the key things that we did at Bank of North Dakota that I worked to try to do with our state economic development is make sure we are customer-service oriented.
Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs.
Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theori...
There's a wider agenda that speaks to what the Democratic Party has historically stood for, which are economic rights for those who are struggling in the middle class, concern for the poor, for economic justice for those who are marginalized in our s...
The ability of the 1 percent to buy politicians and regulators is nothing new in American politics - just as inequality has been a permanent part of our economic system. This is true of virtually all political and economic systems.
We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.
Doctrines provide an architecture for both Republican and Democrat presidents to carry out policies.
Animosity is not a policy.
The principle victims of British policies are Unpeople—those whose lives are deemed worthless, expendable in the pursuit of power and commercial gain. They are the modern equivalent of the ‘savages’ of colonial days, who could be mown down by B...
During his presidency, Truman and the Republicans were locked in a series of furious assaults on each other that outraged him and made Truman an enduring foe of a party and its representatives, which he saw as on the wrong side of almost every domest...
We all know how 'modern democracies take loaves from the wealthy.' It's the slipups in the 'pass them out to the poor' department that inspire a study of Economics.
The only real recourse that [Russian] people had against tsarist rule was violence and rebellion. It was once remarked that Russia's constitution was "absolutism moderated by assassination.
We deceive ourselves if we believe we can hold on to old models as ideologies whimper off to a shallow grave in prolonged agony of people, institutions and cultures.
The only way to control chaos and complexity is to give up some of that control
