Edward C. Prescott famous quotes

Last updated: Sep 5, 2024

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
The purpose for a tax system is to collect needed revenue at the least cost to the people.
-- Edward C. Prescott

#People #Purpose #Cost

Tragedy is the difference between what is and what could have been.
Your career, interests and relationships are important, but they are only important insofar as they lead you toward a deeper understanding of yourself. Otherwise, they are irrelevant.
For me, the most important thing is the element of chance that is built into a live performance. The very great drawback of recorded sound is the fact that it is always the same. No matter how wonderful a recording is, I know that I couldn't live with it--even of my own music--with the same nuances forever.
Funerals are important rituals. They don't just recognize that a life has ended; they recognize that a life was lived.
I think they are very important because westerns have a code and a symbolism.
The most abundant resources that we possess amongst the 1.5 million nonprofits in the United States are passion and knowledge, yet our most scarce resource is collaboration.
Due to the oath I swore to the constitution when I enlisted in the United States Marine Corps, by virtue of the universal human right to self defense, in accordance with the Supreme Court case, D.C. vs. Heller, which affirmed that the statutes under which I am being charged are unconstitutional and thus null and void, and on behalf of all freedom loving Americans, I plead not guilty.
Hip-hop went through different stages, from the beginning in the streets of the Bronx, to the whole Tri-State area and then to the rest of the United States and the rest of the world.
If we have any problems, it's always with the government of the United States.
In the United States of America, unfortunately we still live in a bubble of unreality.

Edward C. Prescott famous quotes

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