Economics Quotes

The problem was how to keep the wheels of industry turning without increasing the real wealth of the...

Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more selle...

It's almost hard to imagine anything more undemocratic than the view that political officials should...

In those meetings, I learned that even economic diagrams needn’t be linear. Ours was a nest of conce...

War has been the necessary and inevitable consequence of the establishment of a monopoly on security...

After the collapse of socialism, capitalism remained without a rival. This unusual situation unleash...

Democracy is a pathetic belief in the collective wisdom of individual ignorance.

Economics should be defined in terms of what it is about. It should be about how people produce thin...

If the world were full of the self-seeking individuals found in economics textbooks, it would grind ...

Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective...

Since the 1980s, we have given the rich a bigger slice of our pie in the belief that they would crea...

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for ...

The issue of false consciousness is a genuinely difficult problem that has no definite solution. We ...

Economics is a political argument. It is not – and can never be – a science; there are no objective ...

I would go one step further and say that the willingness to challenge professional economists - and ...

95% of economics is common sense

The life of man is so short that ordinary people simply cannot afford to be born

Experience cannot beat logic, and interpretations of observational evidence which are not in line wi...

I see young men, my townsmen, whose misfortune it is to have inherited farms, houses, barns, cattle,...

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of soc...

If we try to run the economy for the benefit of a single group or class, we shall injure or destroy ...

The demoralization that the debase­ment of the currency left in its wake played a major role in brin...

To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like tr...

Economics is haunted by more fallacies than any other study known to man. This is no accident. The i...

ECONOMICS IS HAUNTED by more fallacies than any other study known to man. This is no accident. The i...

Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is f...

need is not demand. Effective economic demand requires not merely need but corresponding purchasing ...

Nothing is easier to achieve than full employment, once it is divorced from the goal of full product...

This is perhaps as good a place as any to point out that what distinguishes many reformers from thos...

For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers...

There are men regarded today as brilliant economists, who deprecate saving and recommend squandering...

It has been discovered that with a dull urban population, all formed under a mechanical system of St...

As the several items can be exchanged, they must be equal; but in what terms? Not in pounds, yards, ...

There can be no greater stretch of arbitrary power than to seize children from their parents, teach ...

In arguing against free enterprise capitalism, the collectivist always adopts the false assumption o...

In an advanced industrial society it becomes almost impossible to seek, even to imagine, unemploymen...

Homo economicus was surreptitiously taken as the emblem and analogue for all living beings. A mechan...

Housework, handicrafts, subsistence agriculture, radical technology, learning exchanges, and the lik...

In the Middle Ages there was no salvation outside the Church, and the theologians had a hard time ex...

Our market-intensive societies measure material progress by the increase in the volume and variety o...

In the late Middle Ages the stupefying simplicity of the heliocentric model was used as an argument ...

All governments stress an employment-intensive force of production, but are unwilling to recognize t...

The first enslaving illusion is the idea that people are born to be consumers and that they can atta...

Wherever the shadow of economic growth touches us, we are left useless unless employed on a job or e...

When distance and convenience sets in; the small, the various and the personal wither away.

To me, the conclusion that the public has the ultimate responsibility for the behavior of even the b...

I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve...

At the same time, however, the necessity for economic change in our countries has led us to conceive...

I love the gallery, the arena of representation. It's a commercial world, and morality is based gene...

The essential difference between rich societies and poor societies does not stem from any greater ef...

The most powerful argument of all for saving open space is economics; in most states, tourism is the...

There's a way that money is freedom, but it isn't money, it's that money stands for having a choice.

What these men represented was not 'The West' but what was for this century a relatively new kind of...

Property monopolized or in the possession of a few is a curse to mankind.

The great weakness of the West is that it has nothing with which to inspire loyalty except wealth. B...

Veblen called it the price-system. Mills called it the Power Elite. It's probably no more than ninet...

The time to repair the roof is when the sun is sh

One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot ...

We now in the United States have more security guards for the rich than we have police services for ...

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his ow...

We all agree that pessimism is a mark of superior intellect.

One of the greatest pieces of economic wisdom is to know what you do not know.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

More die in the United States of too much food than of too little

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

Economics is extremely useful as a form of employment for economists.

Then the shit hit the fan.

None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelli...

That economics has a considerable conceptual apparatus with an appropriate terminology can not be a ...

Good writing, and this is especially important in a subject such as economics, must also involve the...

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery o...

The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence ...

Wealth is not without its advantages and the case to the contrary, although it has often been made, ...

In economics, it is often professionally better to be associated with highly respectable error than ...

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is ...

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier ...

Economists are generally negligent of their heroes.

The worst continued to worsen. What looked one day like the end proved on the next day to have been ...

The ideas of economists and political philosophers, both when they are right and when they are wrong...

Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the...

Practical men who believe themselves to be quite exempt from any intellectual influence, are usually...

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the ...

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

The decadent international but individualistic capitalism in the hands of which we found ourselves a...

In the long run we are all dead.

The war has ended with every one owing every one else immense sums of money. Germany owes a large su...

By this means the government may secretly and unobserved, confiscate the wealth of the people, and n...

We should not conclude from this that everything depends on waves of irrational psychology. On the c...

As with our earlier worship of saints and facts, there is something silly about grown men and women ...

It's unwise to pay too much, but it's worse to pay too little. Whenyou pay too much, you lose a litt...

Occult Theft,--Theft which hides itself even from itself, and is legal, respectable, and cowardly,--...

The fields were fruitful, and starving men moved on the roads.

It is not good for man to be kept perforce at all times in the presence of his species. A world from...

So much barbarism, however, still remains in the transactions of most civilized nations, that almost...

The best state for human nature is that in which, while no one is poor, no one desires to be richer,...

To whom is an international corporation answerable? Often they do not employ workers. They outsource...

Those who believe that liberal democracy and the free market can be defended by the force of law and...

Nowadays… deals are transactional rather than personal. Instead of placing your faith in a person, y...

While everyone else is thinking about economics and politics, executive salaries and the future of t...

I saw that publishing all over the world was deeply constrained by self-censorship, economics and po...