Pastoral Resources

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics.

The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.

I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis.

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.

This paper was one of my digressions into abstract economics.

The economics of baseball are the big problem. The big clubs make a lot of money and the little clubs don't.

I got politics and economics moving and then others took over.

It's really true in this country that more and more Americans think that underneath the economic crisis there's a values crisis, and we won't get to an economic recovery without a moral recovery as well. So a citizen's movement about values and economics I'm finding all over the country on main street, and Wall Street needs to pay attention to that.

History, sociology, economics, psychology et al. confirmed Joyce's view of Everyman as victim.

We would, however, perform an injustice to the bourgeois women's rights movement if we would regard it as solely motivated by economics. No, this movement also contains a more profound spiritual and moral aspect.