Quotes About Economics

In hindsight it may even seem inevitable that a socialist society will starve when it runs out of capitalists.

Capital is reckless of the health or length of life of the laborer, unless under compulsion from society.

We need a price on carbon that accurately reflects its real costs on our society and our wellbeing.

Ultimately it is by harnessing the natural economic forces which drive society that the pollution tax offers us an opportunity to exert greater control over our environment.

It is untrue that some are poor because others are rich. If an order of society in which incomes were equal replaced the capitalist order, everyone would become poorer.

One of the most original and most important ideas advanced by Hayek is the role of the 'division of knowledge' in economic society.

As a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.

Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling.

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

We need to change society's ordering principle from economic to humanitarian values, from money as the bottom line to love as the bottom line.

As society advances the standard of poverty rises.

I firmly believe the death tax is good for people from all walks of life all throughout our society.

The higher the coefficient of inequality (Gini coefficient) in a society, the worse things tend to be for those at the bottom.

The well-being of individual persons in any society varies inversely with the money at the disposal of the political class.

It is one of the dangerous self-deceptions of our society to pretend that mechanisms of control do not really exist, and to maintain, without qualification, that we are an economically "free" people.

How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?

Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.

I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.

It's not enough to have economic growth. You have to distribute wealth throughout all of society.

No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

That is why I believe that art is so much more significant than either economics or philosophy. It is the direct measure of man's spiritual vision.

Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.

Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.

If governments encourage people to become more spiritual there will be a reduction in healthcare costs.