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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
When you hire people that are smarter than you are, you prove you are smarter than they are.
When you hire people that are smarter than you are, you prove you are smarter than they are.
Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents.
Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents.
The budget evolved from a management tool into an obstacle to management.
The budget evolved from a management tool into an obstacle to management.
We don't want to push our ideas on to customers, we simply want to make what they want.
We don't want to push our ideas on to customers, we simply want to make what they want.
The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the read more
The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.
The City's reluctance to take a stand on an issue like the British Gas pay row makes a mockery of read more
The City's reluctance to take a stand on an issue like the British Gas pay row makes a mockery of corporate governance and shareholders' ability to influence annual general meetings. Institutions should be obliged to make public how they vote at such events. They should be obliged to provide customers with a record of how they vote on every kind of issue.
Money is better than poverty, if only for financial reasons.
Money is better than poverty, if only for financial reasons.
