John Sulston Quotes

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Economics is not brain surgery.

An economy is not a complicated thing; it just has a lot of moving parts.

People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs.

I don't think money itself has any causal relationship to nominal GNP. The dominating causal force is interest rates.

I wanted to be clear that Republicans will continue to be a champion for expanding economic freedom to trade. It is at the heart of our free-enterprise system.

The most important thing that most countries around the world believe in is letting the markets determine the currency.

We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.

Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.

The American free market system is the greatest engine for prosperity and opportunity that the world has ever seen. Freedom works.

No country can violate the laws of economic gravity too long.

The study of economics does not seem to require any specialized gifts of an unusually high order.

95% of economics is common sense deliberately made complicated.

Economies are about momentum.

… governments must serve capitalism by establishing and maintain a framework which enables capitalism to develop. It can induce it to grow, but cannot command it to do so.

With less regulation, I think you would see growth come back. Of course, there are situations where you need regulation. Antitrust regulation, for example, is a good idea because you want competition. But beyond that, it gets very difficult.

Most of the expressions we use in economics are relative terms. All of us are votaries of free trade.

In general, global economic growth supports Russian economy.

My interest in economics just basically comes because I think I'm a curious person, and I'm interested in how the world works.

Firms produce goods for households - that's us - and provide us with incomes, and that's even better, because we can spend those incomes on more goods and services. That's called the circular flow of the economy.

Basic Economics 101. It's the most complicated simple subject there is.

There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.

I think the market driven economic system is the most productive system, but to have that work in the world, you've got to also have social investments to go along with that.