Quotes About Economics

I was happy buying and selling gold in bars, as it is easier and profitable.

I think, for OPEC, the main challenge is to have a price level which brings good profits to them, good incentives for the investments, but at the same time, to prevent prices going to very high levels.

Everything is always about people trying to make profit: Profits to this, profits to that, the more the merrier, and there's no end to it.

Back when Detroit was the head of auto manufacturing, it was clear where profits were created. Right? A car was made in Detroit. There was little argument that you could make that some of the money from that should be sent overseas to Ireland.

Capitalism believes that its remit is exclusively to make maximum short-term profits.

When you have countries that have a lot of minerals and diamonds and oil and are in business with companies from all over the world - but these companies don't share, really, their profits - this is called post-post-colonial.

Government buffer-stock schemes are rife with politics, and instead of generating profits from buying low and selling high, they tend to generate losses.

For the Americans, laws are barriers to profits; it's a different mentality.

If we are not more efficient, we put ourselves in a position where prices need to rise or profits deteriorate in a way that makes us less attractive to investors.

Socialized medicine allows a nation to exclude a U.S. product from its market if the U.S. firm does not make generous enough price concessions. Accordingly, what has developed is a system within which U.S. firms make large profits on new drugs in the U.S. market, but very low profits on sales everywhere else.

The profound lack of economic opportunity for those left behind by globalization has created an ever-widening gap between the 'haves' and the 'have nots.'

There seem to be many causes of depression. One cause is profound loss, grief. Economic hardship we know is linked to depression. We don't have a full picture.

We may forget it, among the glitz of the Christmas lights, but capitalism can be a profoundly moral force.

I don't like a lot of social programs either because it makes you non-productive.

The I.M.F. programs cost us $2 billion in outflows against only $1 billion in inflows.

I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.

In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.

Tariffs have almost never saved a domestic industry from decline and, often times, by sheltering domestic producers from competition, only reward and prolong bad business practices.

It's amazing how many countries run their embassies as commercial outposts to promote businessmen from their country.

It's very clear that TPP was promoted by corporate interests, it was driven by ideology, not by economic science. And when they started looking at the net trade benefits, they are miniscule.

Government is promoting bad behavior... Do we really want to subsidize the losers' mortgages? This is America!

If you can't compete fairly, honestly, effectively, no government should intervene. Now, some governments do. They prop up failing industries.

Really, the proper study of economics is fulfilment, not consumption... It doesn't even matter if it's a green product or a green house... It's still consumption. What matters in this world is the fulfilment of people's needs and the fulfilment of their aspirations.

I'm a capitalist. I believe in the proper working of the free market. That's why I found the scandals of 2008, the banks, Libor, absolutely abhorrent.