Quotes About Economics

persons, with big wigs many of them and austere aspect, whom I take to be Professors of the Dismal Science… Coining "Dismal Science" as a nickname for Political Economy

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.

Professors of the Dismal Science, I perceive the length of your tether is now pretty well run; and I must request you to talk a little lower in the future.

Truly environmentalism has displaced economics as the dismal science.

In any case I hold that there must arise a science of the development of economic forms and relations.

By far the most significant consequence of "selfish capitalism" (Thatch/Blatcherism) has been a startling increase in the incidence of mental illness in both children and adults since the 1970s.

The rage for railroads is so great that many will be laid in parts where they will not pay.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The rich cannot accumulate wealth without the co-operation of the poor in society.

We are seeing the birth of a new perspective of the world, where ecology and economics are two sides of the same coin.

The socialist society would have to forbid capitalist acts between consenting adults.

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of evil.

Under capitalism, we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control.

Society is best served when the means of production are in the possession of those who know how to use them best.

People do not choose a government that will bring the market within their control; instead, the market in every way conditions governments to bring the people within its control.

Primero, el destino final de todos los productos en venta es el de ser consumidos por compradores. Segundo, los compradores desearán comprar bienes de consumo si y sólo si ese consumo promete la gratificación de sus deseos. Tercero, el precio que el cliente potencial en busca de gratificación está dispuesto a pagar por los productos en oferta dependerá de la credibilidad de esa promesa y de la intensidad de esos deseos.

You cannot lift the wage earner up by pulling the wage payer down.

To secure to each labourer the whole product of his labour, or as nearly as possible, is a most worthy object of any good government.

Smith believed not that markets make men free but that free men move toward markets. The difference is small but decisive; it is most of what we mean by humanism.

maintenance budgets are among the very first things to go.

between 1660 and 1807, ships brought well over three times as many Africans across the ocean to British colonies as they did Europeans.

And finally Money noted that the huge Dutch profits from Java depended on forced labor.

There is no art which one government sooner learns of another than that of draining money from the pockets of the people.

Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all.