Edward C. Prescott Quotes

Enjoy the top 4 famous quotes, sayings and quotations by Edward C. Prescott.

Edward C. Prescott Quotes

I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.
— Edward C. Prescott —

Edward C. Prescott Quotes: I find it remarkable that virtually all
I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.

— Edward C. Prescott

Progess, do not regress.

— Edward C. Prescott

In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment.

— Edward C. Prescott

The purpose for a tax system is to collect needed revenue at the least cost to the people.

— Edward C. Prescott

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