Quotes About Economics

the idea of "take-from-the-rich" backfired on the very people who voted it in.

it was only when children's actual economic value declined, because they were no longer necessary additions to the household labor force, that they became the priceless little treasures we know them as today. Once they started costing more to raise than they contributed to the household economy, there had to be some justification for having them, which is when the story that having children was a big emotionally fulfilling thing first started taking hold.

We have journals in social studies, too. The school must have gotten a good price on journals.

Climate change: Don't undermine the science just because you don't like the economics

It is very expensive to give bad medical care to poor people in a rich country.

Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.

Why, sir, there is every probability that you will soon be able to tax it! Said to William Gladstone, the Chancellor of the Exchequer, when he asked about the practical worth of electricity.

What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass

Economics never was a dismal science. It should be a realistic science.

Society needs to see science not as a luxury of funding but as a fundamental activity that drives enlightenment, economics, and security.

There is no such thing as economics, only social science applied to economic problems.

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

Art is the beautiful way of doing things. Science is the effective way of doing things. Business is the economic way of doing things.

Ecology is the overall science of which economics is a minor speciality.

I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics.

Universal peace will be realized, not because man will become better, but because a new order of things, a new science, new economic necessities, will impose peace.

Valuing a business is part art and part science.

Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

The self-regulating mechanism of the market place cannot always be depended upon to produce adequate results in scientific research.

Besides numerous science courses, I had the opportunity to study philosophy, the history of architecture, economics, and Russian history in courses taught by extraordinarily knowledgeable professors.

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question, but I think it's especially in doubt today.

To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live.