Quotes About Economics

The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.

Everything which the economist takes from you in the way of life and humanity, he restores to you in the form of money and wealth.

Welcome to the wonderful world of economics. Everything precious in life has a cost.

Unless young blacks are brought into the mainstream of economic life, they will continue to be on the curbstone.

To top it off, for those of you who are interested in the economics, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole.

It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.

Over-reliance on strictly economic justifications has already begun to hurt the quality and range of education at every level of American life.

The moral sentiments that constrain economic life also promote it.

Those instrumental goods which should serve to maintain the life and health of all human beings should be produced by the least possible labour of all.

John Stuart MillBy a mighty effort of willOvercame his natural bonhomieAnd wrote Principles of Political Economy.

Infinite growth of material consumption in a finite world is an impossibility.

In his book, Jüdisches Erwerbsleben, Georg Ratzinger, Pope Benedict XVI's great uncle, wrote: "Jewish commerce can be characterized by two manifestations: 1) it is based on the exploitation of the work of others without any productive activity of its own and 2) it is characterized by gambling and speculation on the differential in values as the way to achieve riches.

so much gold reached Europe from India and America that burghers grew richer and richer as knights and landowners grew poorer and poorer.

To trust people is a luxury in which only the wealthy can indulge; the poor cannot afford it.

You and I and the Wilcoxes stand upon money as upon islands. It is so firm beneath our feet that we forget its very existence. It's only when we see some one near us tottering that we realise all that an independent income means. Last night, when we were talking up here round the fire, I began to think that the very soul of the world is economic, and that the lowest abyss is not the absence of love, but the absence of coin.

The doctrine of laisser-faire will not work in the material world.

Destroying rainforest for economic gain is like burning a Renaissance painting to cook a meal.

Nowhere is the gap between rich and poor wider, nowhere are the rich richer and the poor poorer, than in those societies that do not permit the free market to operate." – Milton and Rose Friedman, Free to Choose, Chapter 5

Prominent magazine editor and opinion shaper Albert Shaw noted that bad roads "are so disastrously expensive that only a very rich country, like the United States, can afford them.

Nowadays people can be divided into three classes - the haves the have-nots and the have-not-paid-for-what-they-haves.

The age of chivalry is gone. That of sophisters, economists and calculators has succeeded.

The age of chivalry has gone. That of sophisters, economists, and calculators has succeeded, and the glory of Europe is extinguished forever.

we forget to appreciate what it meant for people to escape from the wages of medieval times to incomes two or three times the medieval level, as most people in Britain, America, France, and the German lands came to enjoy in the 19th century.

Capitalism has run its course, and we shall have to look for other ideals than the ones that capitalism has encouraged.