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What do we really know about the spread of AIDS?
Emily Oster re-examines the stats on AIDS in Africa from an economic perspective and reaches a stunning conclusion: Everything we know about the spread of HIV on the continent is wrong.
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John Maynard Keynes:
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The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems -- the problems of life and of human relations, of creation and behavior and religion.
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John Kenneth Galbraith:
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In economics the majority is always wrong.
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Benjamin Disraeli:
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There can be economy only where there is efficiency.
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Bruce Babbit:
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The notion that big business and big labor and big government can sit down around a table somewhere and work out the direction of the American economy is at complete variance with the reality of where the American economy is headed. I mean, it's like dinosaurs gathering to talk about the evolution of a new generation of mammals.
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Neil Ascherson:
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For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are...businessmen. This may be a ridiculous statement, but -- ominously -- fewer and fewer people laugh at it.
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Harry Enfield:
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According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.
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Salvador Nasello:
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If you laid ever economist in the country end to end you would still not reach a conclusion.
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Irving Fisher:
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The rate of interest acts as a link between income-value and capital-value
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Ralph Waldo Emerson:
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Commerce is a game of skill which everyone cannot play and few can play well.
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Edward Gibbon:
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I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.
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