Edward C. Prescott Quotes

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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 —

Progess, do not regress.

— Edward C. Prescott

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