Quotes About Economics

Karen Stenner, a behavioral economist who began researching personality traits two decades ago, has argued that about a third of the population in any country has what she calls an authoritarian predisposition, a word that is more useful than personality, because it is less rigid.

Chapter 10 ECONOMICS The new socialist human being should think like Lenin, act like Stalin, and work like Stakhanov. —Walter Ulbricht The definition of socialism: an incessant struggle against difficulties that would not exist in any other system. —Hungarian joke of the 1950s

Geertruyt Schoudt was not the first person Hendrick Jan Wynants had sold to that day. He offered her the Switsers at a discount: she could have them for 50 guilders less than he had sold similar ones to "doctor Plas"- Gregorius van der Plas, the city doctor-that is, for A400 instead of Plas' fl,45o. But Schoudt was not buying.

Of the world's 175 largest nation-states and private firms, 112 are corporations.

John Maynard Keynes, one of the most influential economists of the twentieth century, summed up this phenomenon well when he said, "Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally." Succeeding unconventionally carries with it the risk of experiencing failure as a result of veering from the status quo.

Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.

I'm a professor of economics and associate head of the MIT Department of Economics.

Have you ever heard of the book 'Freakonomics?' So there's these two economics professors, and they're really interesting guys, and they wrote these books. And it's really all about sort of false thinking. They try to go in and look at a number of different phenomenon.

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

You British plundered half the world for your own profit. Let's not pass it off as the Age of Enlightenment.

Trickle-down economics doesn't work, but we need the power and innovation that comes from the free enterprise system. There's no way we're going to decarbonize the American economy without innovation and the profit motive. It's just not gonna happen.

We have to choose between a global market driven only by calculations of short-term profit, and one which has a human face.

Profit is the most global aspect of a business, and it is cross-functional.

I am a capitalist and I believe in making a profit.

Nationalized industries are notorious for their inability to operate at a profit.

Free is not an alternative. My company did not turn a profit last year.

A movie that costs only $1.6 million doesn't have to be a cultural event to turn a profit.

So we really need jobs now. We have to take jobs away from other countries because other countries are taking our jobs. There is practically not a country that does business with the United States that isn't making - let's call it a very big profit. I mean China is going to make $300 billion on us at least this year.

To let her dail would be the greatest profit both for the company and for the merchants.

Legitimate profit is good. What's bad is profiteering.

The word 'commercial' implies a notion of profit.

Even if you sell the same number of plasma televisions - if you are selling them for 20 or 30 or 40 per cent of the original price, your revenue goes down, and the profit goes with it.

Black markets exist any time there is a profit to be made.

If someone is doing that, saving the customer money, is making a profit so bad?