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2012-04-10
I have listed a number of famous economists aphorism, I hope that we can translate, and then given an after-school exercise from Mankiw macroeconomics, when I first saw this topic, feel good , looking forward to your answer
“The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.”
-Thomas Sowell

“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".”
-Robert Heinlein

“The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon the level of technology and the ability to create new knowledge.”
-Julian Simon

“I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
-Thomas Jefferson

“Economists are pessimists: they've predicted 8 of the last 3 depressions”
-Barry Asmus


The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

- Joan Violet Robinson


Inflation is the one form of taxation that can be imposed without legislation.

- Milton Friedman



Having a little inflation is like being a little pregnant--inflation feeds on itself and quickly passes the "little" mark.

-Dian Cohen

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.

--Paul Krugman

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.

--Thomas Jefferson


In a speech that Senator Robert Kennedy gave when he was running for president in 1968, he said the following about GDP:

[It] does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our courage, nor our wisdom, nor our devotion to our country. It measures everything, in short, except that which makes life worthwhile, and it can tell us everything about America except why we are proud that we are Americans.

Was Robert Kennedy right? If so, why do we care about GDP?




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2012-4-10 11:11:42
Inflation is the one form of taxation that can be imposed without legislation.

- Milton Friedman

通胀就是强加的不合法税收!
----zhdefei
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2012-4-10 11:14:43
“Economists are pessimists: they've predicted 8 of the last 3 depressions”
-Barry Asmus
经济学家都是悲观主义者:他们对最近的3次大萧条预测成了8次!
-----zhdefei
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2012-4-10 12:08:50
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.

如果美国人一直允许私人银行控制货币发行,直接导致先通货膨胀,后通货紧缩,土生土长的银行和企业们将肆无忌惮的剥夺人们的财产,直到他们的孩子在祖先所征服的欧洲大陆上无家可归才开始警醒。
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2012-4-10 13:08:18
Today's typesetting is a little uncomfortable. As a fan of Follow Me, I feel recently the Follow Me is poor performance and hope your teamwork can pay more attention on it.
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2012-4-10 13:23:42
hope. 发表于 2012-4-10 13:08
Today's typesetting is a little uncomfortable. As a fan of Follow Me, I feel recently the Follow Me  ...
thanks for your attention , do you have any good suggestions ? and why you said today's topic is a little uncomfortable .
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