"In the mid-'60s in Berkeley, the theory of measure spaces of economic agents became one of my main interests"
- Gerard Debreu
About this Quote
Gerard Debreu was a French-born American financial expert that won the Nobel Prize in Economics in 1983. In the mid-1960s, Debreu was a teacher at the University of California, Berkeley. During this time around, he developed a passion in the concept of action spaces of economic representatives. This theory is based on the concept that economic agents, such as customers and also producers, can be gauged in terms of their financial habits. Debreu's work in this area assisted to shape the area of business economics and has had a long lasting effect on the method economic experts think about financial representatives. Debreu's work in this area has been very significant in the advancement of modern financial theory and has actually been pointed out by lots of economic experts in their own research.
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
"Hand in hand with nationalist economic isolationism, militarism struggles to maintain the sovereign state against the forward march of internationalism"
"Racism is a way to gain economic advantage at the expense of others. Slavery and plantations may be gone, but racism still allows us to regard those who may keep us from financial gain as less than equals"