Economics

“I did not, if I'm being honest, learn anything as an economics major that was directly applicable to marketing, or if I'm being honest, being an entrepreneur as well.”

“Just because you've democratized access to the medium, it doesn't mean you've democratized access to the economics.”

“I ended up being an engineer as an undergrad because economics did not make sense to me. I just thought, You know, why would you possibly think that people are perfectly rational decision-making agents and model the economy and their decisions that way? This i…”

“What I noticed was these tools were beautiful, but used for silly things. And the things that were most important for American optimism like how do people get jobs that are equated with their skill level? How do you actually make true equal opportunity in Amer…”

“I felt economics was in a way too mathematical and theoretical and not really tied to the real world in many ways.”

“Crime is, or cyber crime or crime is inversely proportional to the economics. Right. When economy goes down, crime goes up. So tired to cities, the economy is bad. I mean, people have to trying to feed their family So they'll do any sort of means to make that …”

“That there are laws and regularities in economics and social science Just like there are in physical or biological science that cannot be suspended for political convenience. If you print too much money, you will have too much inflation. If you control prices,…”

“If you come up with an idea, you have to get it passed through legislation and it's a very long process. Computer science is much more exciting in that way because you can just build something. You don't really need permission to do it.”

“You can be an amazing economist if you don't really have any economics background, but you're, but you really understand psychology. You really understand politics. You really understand sociology. You really understand, like all these things, all these differ…”

“Economics has not all that much to say about business.”

“The laws governing inanimate bodies are just a lot simpler and more easily quantified than the laws governing populations or individual people. So, the task of the social sciences is extremely hard. They get to feed back on the system that's measuring them. It…”

“It's easy to see the first round direct effects. The harder thing to see is the indirect effects, and that's what economics, when it's well taught, should sensitize you that way.”

“People engage in all kinds of stuff that seems batshit crazy, but if you examine it through the lens of economics, if you just think about it in terms of basic constraints, you know, the limitations that people confront given their environments and the incenti…”

“The last, I think, 20, 25 years, almost all of the major breakthroughs have occurred by people coming in with ideas from psychology or from mathematics. And basically introducing these into economics.”

“The problem of economics isn't only that it's wrong, it's that it's incredibly creatively limiting, because it tends to posit a very one-dimensional view of human motivation, and therefore, if you wish to change human behavior, the only two ways you can do it …”