Category - Edward C Prescott

Discover the thoughtful Quotes of Edward C Prescott, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Edward C Prescott
Whether seeking thought-provoking reflections or academic wisdom, Edward C Prescotts words offer a rich source of intellectual inspiration. #EdwardCPrescott Edward C Prescott

Edward C Prescott

Sometimes pessimism or optimism gets popular, and it’s contagious.

– Edward C Prescott

Edward C Prescott

If productivity grows, the economy does well.

– Edward C Prescott

Edward C Prescott

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

Edward C Prescott

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

Edward C Prescott

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

– Edward C Prescott

Edward C Prescott

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

– Edward C Prescott

Edward C Prescott

You need a real crisis before you have reforms.

– Edward C Prescott

Edward C Prescott

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

Edward C Prescott

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

Edward C Prescott

Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key – they lead to a vested interest in both countries to remaining open.

– Edward C Prescott

Edward C Prescott

Economic integration is the path to riches and peace.

– Edward C Prescott

Edward C Prescott

Despite the impression created by some economic pundits, the U.S. economy is not a delicate little machine that needs to be fine-tuned with exact precision by benevolent policymakers to keep from breaking down.

– Edward C Prescott

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