Lawrence Summers Quotes About Economics

Quotes about: Economics

• What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

  Lawrence Summers

  Powerful, Views, Hands

  "The Commanding Heights". Book by Daniel Yergin and Joseph Stanislaw, 1998.

• Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

  Lawrence Summers

  Engineering, Law, Economics

• Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

  Lawrence Summers

  Law, Ideas, Economics

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