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Edward C. Prescott Quotes


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Quotes by Edward C. Prescott

Showing 11-20 of 21 Quotes by Edward C. Prescott

Economic integration is the path to riches and peace.

~Edward C. Prescott

Topics: Economic Integration Path Peace Riches

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A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated.

~Edward C. Prescott

Topics: Absorb Capital Countries Economically Happens Integrated Lot More Quickly Technological

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In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit.

~Edward C. Prescott

Topics: Benefit Better Category Develop Economic Leaders Less More Superpowers Technology Than Those

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You need a real crisis before you have reforms.

~Edward C. Prescott

Topics: Before Crisis Need Real Reforms You

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The money is nice, but I am not in this game for the money.

~Edward C. Prescott

Topics: Am Game Money Nice I Am

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I love creating models and coming up with explicit structures I can play with.

~Edward C. Prescott

Topics: Coming Creating Explicit Love Models Play Structures Up I Love I Can

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Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

~Edward C. Prescott

Topics: Affects Because Beneficial Contracts Entered Get Good Good Things Kinds Long-Term Much Mutually People Price Random Risk Things Too Too Much Uncertainty Welfare You

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After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people.

~Edward C. Prescott

Topics: After Assets Debt Europe Fell Fully Funds Government Hold Honor Inflation Lot Pension People Pressured Promises Those Value War Were World World War World War Ii

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You can't spend your way to prosperity.

~Edward C. Prescott

Topics: Prosperity Spend Way You Your

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If productivity grows, the economy does well.

~Edward C. Prescott

Topics: Does Economy Grows Productivity Well

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Biography

Nationality: American

Type: Economist

Born: December 26th, 1940

Links

Find Edward C. Prescott on Amazon

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