Economic Agents Quotes

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

Markets are really people.

A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents, what we call Econs.

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.

Farmers the world over, in dealing with costs, returns and risks, are calculating economic agents. Within their small, individual, allocative domain, they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are.

We behavioralists differ from our more traditional brethren in the way we characterize agents in the economy.

In the mid-'60s in Berkeley, the theory of measure spaces of economic agents became one of my main interests.

If you take an economics or a political science course, you're taught that humans are supposed to be rational wealth accumulators, each acting as an individual to maximize his own wealth in the market.