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 -
“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
You may also like:
-
Alfred Nobel
Chemist -
Christopher A. Sims
University Professor -
Gary Becker
Economist -
Irving Fisher
Economist -
Joseph A. Schumpeter
Economist -
Martin Feldstein
Former Chairman of Council of Economic Advisers -
Maurice Allais
Economist -
Milton Friedman
Economist -
Paul Romer
Economist -
Paul Samuelson
Economist -
Robert Aumann
Mathematician -
Robert Lucas, Jr.
Economist -
Robert S. Kaplan
Professor -
Robert Solow
Economist -
Thomas J. Sargent
Economist -
Thomas Schelling
Economist -
Vernon L. Smith
Professor -
Christopher A. Pissarides
Economist -
Robert F. Engle
Economist