Adam Davidson Quotes Quotes

Like a bottle of wine or a promising college quarterback turning pro, C.E.O.'s are similar to what economists call experience goods: you commit to a price long before you know if they're worth it.
Lots of countries have great constitutions, but their leaders have a practice of ignoring the rules whenever they feel like it.
Most rich countries have reported increases in happiness as they become richer.
Much of what we consider the American way of life is rooted in the period of remarkably broad, shared economic growth, from around 1900 to about 1978.
One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.
Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry.
Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize their societies.
The America that I think most Americans would want, most economists on the right or left would want, is one in which a smart, ambitious, hardworking person without a huge amount of resources has a pretty good shot, in the end, of beating out a less smart, less ambitious, less hardworking rich person.
The American dream always meant that anybody willing to put in a hard day's work could make a decent living. That's just not true anymore for people without at least some post-high school education.
The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing, less hiring, fewer jobs and a smaller economy, which hurts the rich, the poor and the middle class alike.
The economics profession advances by one confusing financial disaster at a time.
The economy works best when better ideas win out over worse ideas, harder work wins out over less work, when it's a fair fight in the marketplace.
The idea of confidence, of the emotions of the population, is an incredibly important one in economics. John Maynard Keynes called it 'animal spirit.' And if people are feeling generally good about the future, they're more likely to spend money, to start new companies; companies are more likely to hire people, make investments.
The Internet is, among other things, a massive, chaotic marketplace. Too much information, it turns out, is a lot like no information.
The so-called skills gap is really a gap in education, and that affects all of us.
The world I want to live in is a world where everybody is a bit more uncertain about their arguments and is a bit more open to other people's arguments. I think that we can engage ideas without ad hominem attacks.
There is such a polarized discussion of economics among people like analysts, columnists, bloggers; often, they end up just saying that views other than their own should not even be discussed. I find that frustrating. There is no intellectual progress without considering lots and lots of different views.
To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.
We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary.
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