Myron Scholes

Economist

1941-07-01

Quotes by Myron Scholes

• Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future?

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• If we internationalize everything, we end up with rules that stifle freedom and innovation.

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• Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up.

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• Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.

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