William Vickrey Quotes & Quotations
   

 
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William Vickrey quotes, biographies & pictures.
William Vickrey
 
Date of birth: 21 June 1914
Date of death: 11 October 1996
Country Of Origin: America
Profession:

Professor

Biography:
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William Vickrey quotes

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William Vickrey quotes
" Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. "

William Vickrey
" Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation. "

William Vickrey
" Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. "

William Vickrey
" Don't you think you're just rearranging deck chairs on the Titanic? "

William Vickrey
" Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed. "

William Vickrey
" I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent. "

William Vickrey
" I'm going because they asked me to. "

William Vickrey
" If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain. "

William Vickrey
" Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain. "

William Vickrey
" It's insane to try to balance the budget. "

William Vickrey
" Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare. "

William Vickrey
" Monetary policy is inherently incapable of curbing this process except insofar as it goes to the extreme of idling resources. "

William Vickrey
" Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life. "

William Vickrey
" People see it as a tax increase, which I think is a gut reaction. When motorists' time is considered, it's really a saving. "

William Vickrey
" Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours. "

William Vickrey
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