Economics Quotes

The ideas of debtor and creditor as to what constitutes a good time never coincide.

We all know how 'modern democracies take loaves from the wealthy.' It's the slipups in the 'pass the...

[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.

The appeal to the intellectually insecure is also more important than it might seem. Because economi...

Programmers have a saying: "garbage in, garbage out.

These are tough times for state governments. Huge deficits loom almost everywhere, from California t...

The media are desperately afraid of being accused of bias. And that's partly because there's a whole...

And that's just the beginning. More and more, conventional wisdom says that the responsible thing is...

Now, it’s true that some of the protesters are oddly dressed or have silly-sounding slogans, which i...

I can't think of a president who has been overburdened by a knowledge of economics.

Economics is not an exact science. It's a combination of an art and elements of science. And that's ...

Suppose that we believe that in 200 years, people would be prepared to pay a million dollars (that's...

Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working.

The artificial primacy of defense among our national priorities is a constant unearned windfall for ...

Anything which is physically possible can be made financially possible, if the people of a state des...

Rand had changed a number of laws in Tear, especially those that weighed heavily on the poor, but he...

Nynaeve shook her head. She supposed it was one way to find money for the poor. Simply rob anyone wh...

Government should never be able to do anything you can't do. If you can't steal from your neighbor, ...

For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and ...

Intellectually and compassionately explaining the reason freedom works is required for credibility.

Europe, it is true, is a geographical and, within certain limits, an historical cultural conception....

Anyone who says that economic security is a human right, has been to much babied. While he babbles, ...

There will always be a part, and always a very large part of every community, that have no care but ...

There is a contradiction between market liberalism and political liberalism. The market liberals (e....

We've switched from a culture that was interested in manufacturing, economics, politics - trying to ...

We should look closely on what is happening at the moment, guys with little moustaches can pop up ev...

...If you look at mainstream economics there are three things you will not find in a mainstream econ...

Economics also has to become a fundamentally monetary discipline—from the consideration of how indiv...

An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to...

Neoclassical economics has effectively insulated itself from the great advances made in science and ...

From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great...

The fallacy that dynamic processes must be modeled as if the system is in continuous equilibrium is ...

This resulted in a model of the macroeconomy as consisting of a single consumer, who lives for ever,...

Have you heard the joke about the chemist, physicist and economist who get wrecked on a desert isle,...

As technology accumulates and people in more parts of the planet become interdependent, the hatred b...

The obvious cure for the tragic shortcomings of human intuition in a high-tech world is education. A...

People above the line of bare subsistence in this age, and in all earlier ages, do not use the surpl...

This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in...

Today, reports of the day’s events are conveyed to the viewing public by way of alternate universes,...

NAUGHTY AND NICE? said Death. BUT IT'S EASY TO BE NICE IF YOU'RE RICH. IS THIS FAIR?Albert wanted to...

The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money....

As if it were Injustice to sell dearer than we buy; or to give more to a man than he merits. The val...

It is, perhaps, impossible to proportion exactly the price of labor to the profits it produces; and ...

Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyo...

They (economists) must set aside their contempt for other disciplines and their absurd claim to grea...

All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is pa...

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all th...

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that mo...

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those ...

It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who...

I think we're raising whole generations who regard facts as more or less optional. We have kids in e...

lthough the basic principles of economics are not very complicated, the very ease with which they ca...

Clearly, only very unequal intellectual and moral standing could justify having equality imposed, wh...

When I was an undergraduate studying economics under Professor Arthur Smithies of Harvard, he asked ...

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the...

Misconceptions of business are almost inevitable in a society where most people have neither studied...

What all these lofty and vague phrases boil down to is that the court can impose things that the vot...

What then is the intellectual advantage of civilization over primitive savagery? It is not necessari...

Everyone may be called "comrade," but some comrades have the power of life and death over other comr...

The government is indeed an institution, but "the market" is nothing more than an option for each in...

Honoring the value of competence and steadfastness requires a generosity of spirit and a curbing of ...

The quasi-peaceable gentleman of leisure, then, not only consumes of the staff of life beyond the mi...

The ceremonial differentiation of the dietary is best seen in the use of intoxicating beverages and ...

Economics has become as riveting as politics.

Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. a...

Our society gives its economy priority over health, love, truth, beauty, sex and salvation; over lif...

He tried to read an elementary economics text; it bored him past endurance, it was like listening to...

The great hatred of capitalism in the hearts of the oppressed, ancient and modern, I think, stems no...

Why do writers, say, give up a job in economics and decide to write poetry? Or, why do they give up ...

Exchange, fair or unfair,always presupposes and includes the rule of the bourgeoisie.

Some say it's wrong to profit from the misfortune of others. I ask my students whether they'd suppor...

It was mid-November 2008. There were pirates taking ships with impunity in African waters, terrorist...

When a management with a reputation for brilliance tackles a business with a reputation for bad econ...

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re wi...

The industrial mind is a mind without compunction; it simply accepts that people, ultimately, will b...

Can we actually suppose that we are wasting, polluting, and making ugly this beautiful land for the ...

The complexity of our present trouble suggests as never before that we need to change our present co...

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviat...

[Voltaire] theoretically prefers a republic, but he knows its flaws: it permits factions which, if t...

The poor man is called a socialist if he believes that the wealth of the rich should be divided amon...

The theory of Economics must begin with a correct theory of consumption.

... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivat...

Regular crises perpetuate the past by reinvigorating cycles which started long ago. In contrast, (ca...

To attempt to increase the wealth of any country, either by introducing or by detaining in it an unn...

What is prudence in the conduct of every private family can scarce be folly in that of a great kingd...

People of the same trade seldom meet together, even for merriment and diversion, but the conversatio...

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise...

Here’s the solution. We need a CO2 tax, revenue-neutral, to replace taxation on employment, which wa...

Evening work is economical. Power comes most cheaply by night.

...there were certain chapters when I stopped writing, saw the domestic situation I was in and thoug...

There are only two problems in my life. The political ones are insoluble and the economic ones are i...

The technical developments of almost every form of wealth [e.g., oil, minerals] are the forebears of...

It's true that private enterprise is extremely flexible, But its only good within very narrow limits...

International business, once allowed to stalk uncontrolled, killed the local, the small, the quirky.

(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them til...

The three wealthiest people in the world own more than the GDP of forty-eight countries!

A society can be Pareto optimal and still perfectly disgusting.

It is hard to understand how a compassionate world order can include so many people afflicted by acu...

If a theory of justice is to guide reasoned choice of policies, strategies or institutions, then the...

Feminists know that if women are paid equal wages for equal work, women will gain sexual as well as ...