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Department of Economics, National University of Singapore 10 Kent Ridge Crescent, Singapore 119260

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“Inflation is taxation without legislation.” – Milton Friedman

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Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, a professor at the University of Chicago, and the recipient of the Nobel Prize in Economics. – Wikipedia.org

Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist, and the first American to win the Nobel Prize in Economics. Economic historian Randall E. Parker calls him the "Father of Modern Economics". – Wikipedia.ord

“Every good cause is worth some inefficiency.” – Paul Samuelson -

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Joseph Eugene Stiglitz (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Chief Economist of the World Bank. - Wikipedia.org

“Economists like startling theorems, results which seem to run counter to conventional wisdom.” – Joseph Stiglitz

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Ronald Harry Coase (born 29 December 1910) is a British economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. He received the Nobel Prize in Economics in 1991. – Wikipedia.org “In my youth it was said that what was too silly to be said may be sung. In modern

economics, it may be put into mathematics.” – Ronald Coase


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Paul Robin Krugman (born February 28, 1953) is an American economist, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. In 2008, Krugman won the Nobel Memorial Prize in Economics. – Wikipedia.org

“Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it’s often painful.”

– Paul Krugman


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Amartya Sen (born 3 November 1933) is an Indian economist who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory, and for his interest in the problems of societyʼs poorest members. – Wikipedia.org

“While I am interested both in Economics and Philosophy, the union of my interests in the two fields far exceed their intersection.” – Amartya Sen


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Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him. He was awarded the John Bates Clark Medal (in 1961) and the 1987 Nobel Memorial Prize in Economic Sciences. – Wikipedia.org

“Well-functioning markets have no innate tendency to produce excellence in any form. They offer no resistance to forces making for a decent into cultural barbarity or moral

depravity” – Robert Solow”


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John Forbes Nash, Jr. (born June 13, 1928) is an American mathematician whose works in game theory has provided insight into the forces that govern chance and events inside complex systems in daily life. He shared the 1994 Nobel Memorial Prize in Economic Sciences with 2 other game theorists. – Wikipedia.org “I seem to be thinking rationally again in a style characteristic of scientists.”

- John Nash Jr.


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Thomas Crombie Schelling (born 14 April 1921) is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences. – Wikipedia.org

“I use game theory to help myself understand conflict situations and opportunities.” – Thomas Schelling

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Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was the 40th President of the United States (1981–1989). As president, Reagan implemented sweeping new political & economic initiatives. His supply-side economic policies, dubbed "Reaganomics," advocated reducing taxs to spur economic growth. – Wikipedia.org

Government’s view of the economy can be summed up in a few short phrases: If it moves, tax it, if it keeps moving, regulate it. And if it stops moving, subsidise it.” –

Ronald Reagan


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"The Cleveland Cavaliers just offered me a full-time job and a house! A house! A house!" -- Ted Williams, former homeless man who became viral celebrity for his

"golden voice" in video on YouTube.

Mark Elliot Zuckerberg (born May 14, 1984) is an American computer scientist, software developer and philanthropist best known for creating the social networking site Facebook, of which he is CEO and president. In 2010, Zuckerberg was named Time magazine's Person of the Year. – Wikipedia.org


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