Quotes About Economics

If food were free, why work?

They often start with economic arguments, but they can just as well start with moral arguments. If mass immigration doesn't make you a richer person, then it will make you a better person. And if it doesn't make your country a better country, then it will at least make it a richer country.

Not everyone can have Richard Branson's private island." VR is the new solution to climate change—or maybe the ultimate surrender to its inevitability. As resources vanish and economic conditions worsen, technological simulations can fill in where real wealth has disappeared. "The promise of VR is to make the world you wanted.

The myth of individuality made capitalism possible and has sustained it to this day.

Resistance to digital industrialism may look like communism, but it's better understood as a simple reinstatement of the commons. Most

Consider these statistics. It used to cost Farm Journal, a client of Key Survey, an average of $4 to $5 per respondent for a 40- to 50-question survey of farmers. Now, using Key Survey, it costs Farm Journal 25 cents per survey, and it is able to survey half a million people.

whether a finding is statistically significant is not the same thing as whether your current state of uncertainty is less than it was before or what the economic value of that uncertainty reduction would be.

Commenting on an early paper by the Nobel laureate Gary Becker, the economist James Duesenberry famously quipped that "economics is all about choice, while sociology is about why people have no choices.

Rawls's point was just that the rules of the game themselves should be chosen to satisfy social, not individual, ends. Bankers, in other words, are entitled to whatever they are able to negotiate with their employers, but they are not entitled to an economic system in which the financial industry is so much more profitable than any other.

If it's true that bankers are paid too much, in other words, the solution is not to get into the messy business of regulating individual pay—as indeed the financial industry itself has argued. Instead, it is to make banking less profitable overall,

In liberal logic, if life is unfair then the answer is to turn more tax money over to politicians, to spend in ways that will increase their chances of getting reelected.

If we are to begin to try and understand life as it will be in 1960, we must begin by realizing that food, clothing and shelter will cost as little as air

The most fateful change that unfolded during the past three decades was not an increase in greed. It was the expansion of markets, and of market values, into spheres of life where they don't belong.

All my life I have prayed to God that I should remain religiously orthodox, culturally conservative, politically liberal and economically pragmatic.

I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.

He who has the base necessities of life should pay nothing; taxation on him who has a surplus may, if need be; extend to everything beyond necessities.

In human life, economics precedes politics or culture.

Understanding economics can help you make better decisions and lead a happier life.

The family wage has been eroded by the same developments that have promoted consumerism as a way of life.

Gross National Happiness is more important than Gross National Product.

In 1885, an American economist tried to reckon the extraordinary transformation wrought by what was now 200,000 miles of railroad, more than in all of Europe. It was possible to move one ton of freight one mile for less than seven-tenths of one cent, "a sum so small," he wrote, "that outside of China it would be difficult to find a coin of equivalent value to give a boy as a reward for carrying an ounce package across a street.

At present the United States has the unenviable distinction of being the only great industrial nation without compulsory health insurance," the Yale economist Irving Fisher pointed out in 1916.

Politics isn't about left versus right it's about top versus bottom.

Little ol' boy in the Panhandle told me the other day you can still make a small fortune in agriculture. Problem is, you got to start with a large one.