Edward C. Prescott Quotes and Sayings - Page 1

“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.”
-- Edward C. Prescott

#Differences #Important #United States
“Progess, do not regress.”
-- Edward C. Prescott

#Economist
“In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment.”
-- Edward C. Prescott

#Employment #Way #Normal

Edward C Prescott Quote Progess Do Not Regress

Edward C Prescott Quote The Purpose For A Tax System Is To Collect Needed Revenue At

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