"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.
"States get to improve transportation infrastructure; that creates economic development, puts people back to work and, most important, enhances safety and improves local communities"
"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"
"Our people can draw on the tremendous strides made in recent years, not only in terms of advancing themselves spiritually and materially, but also in having weathered social and economic turbulence, triggered, in the main, by factors not of their own creation"
"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"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings"
"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"
