Ann Cotton Quotes

The reason there weren't any, I am surmising, is that a lot of Latin kids, Latino kids, in those days didn't have the money to take those kind of classes.

Poor people aren't making dumb decisions because they are dumb, but because they're living in a context in which anyone would make dumb decisions.

It is not possible to spend on one thing and then not have consequences on something else.

And my father didn't have money for me to go to college. And at that particular time they didn't have black quarterbacks, and I don't think I could have made it in basketball, because I was only 5' 11". So I just picked baseball.

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.

Everything we do in public policy prevents us from doing something else. To govern is to choose.

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

A consumer doesn't take anything away: he doesn't actually consume anything. Giving the same thing to a thousand consumers is not really any more expensive than giving it to just one.

We can't do the same things the Yankees do. Given the economics, we'll lose.

Because economics is all about optimising, doing the best you can with what you have - it's usually the first place you should look for answers if you want to maximise your happiness.

Giving a poor person money keeps them poor.

Even when you have a big budget, you can't just shoot everything.

The law of diminishing returns is something I really believe in.

The price we are willing to pay for safety cannot be infinite. It is distasteful to put a price on human life, but the more we spend on safety, the less we will have for our other goals.

Not many architects have the luxury to reject significant things.

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.

People don't trade money for things when they value their money more highly than they value the things.

Every thing receives a value from its use, and the Value is raised [or lowered], according to its Quality, Quantity and Demand.

The general principles of political economy teach us to buy all our commodities where we can have them the cheapest; and perhaps there is no general rule in the whole compass of the science to which fewer justifiable exceptions can be found in practice

The dictates of economics, that "dismal science," limit the benefits of medical science

Throwing money after security turns out to be a classic example of the law of diminishing marginal utility.

Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'

I think about where I grew up and how I grew up: my dad was making $25,000 a year. Taking a chance wasn't really taking a chance. It was like you were going for something better. To me, there wasn't that much risk involved.

Poor people around the world spend more on energy because they lack the capital to buy a more expensive energy-efficient product.