Quotes About Economics

The conservatives love their cheap labor; the liberals love their cheap cause.

In theory, everybody buys the best and cheapest commodities offered to him on the market. In practice, if every one went around pricing, and chemically testing before purchasing, the dozens of soaps or fabrics or brands of bread which are for sale, economic life would become hopelessly jammed.

Wilson then goes on to provide a new definition of interest: 'Usurye is also saide to be the price of tyme, or of the delaying or forbearing of moneye.' Interest has been described in many ways over the years – it's often referred to as the 'price of money'. But Wilson knew better. Interest, he said, is the price of time. There is no better definition. In

Homer and Sylla, History of Interest Rates, p. 191.

The best things in life are free, but sooner or later the government will find a way to tax them.

There's nothing surer,The rich get rich and the poor get poorer,In the meantime, in between time,Ain't we got fun.

In the old days a man who saved money was a miser; nowadays he's a wonder.

Water flows uphill towards money.

The poor are poor because the rich are rich.

There are so many men who can figure costs, and so few who can measure values.

Chances are, you now know that the marriage of the computer and the telephone is one of the century's seismic technical and economic developments. In terms of potential social and economic impact, it is often likened to the introduction of assembly-line manufacturing or to the invention of the computer itself.

competition policy should embody explicit distributional concerns. It

less inequality is associated with greater macroeconomic stability and more sustainable growth.

it is wrong to see today's high inequality as the product of forces over which we have no control,

Capitalism has disappeared as an object of study, just when it has removed any alternative to itself.

If I buy a car, I use the car, you don't, and the market for cars works pretty well. But there are many other sorts of goods, often very important goods, which are not provided well through the market. Often, these go under the heading of public goods.

Although it's difficult, if not impossible, to put a dollar value on the numerous services nature provides, leaving them out of economic calculations means they are often ignored.

Governments need to be seriously sceptical about whether new coal provides a good deal for their citizens.

Competition is good for consumers. It provides more choices at better prices.

Providing financial incentives for both local communities and national governments to conserve and restore forests also makes sense. It will put an economic value on these precious natural resources and drive the right behaviours from both government and business.

The idea of applying psychology or behavioural sciences to communication is not a new one. It's very old behavioural economics. If it gives you some additional insights - so be it.

In psychology and behavioral economics, people have shown that if you just describe options in a certain way, or make some features of a situation salient, you can get people to do and even see what you want. You don't have to be a Jedi to manipulate people's attention.

Economics is half psychology and half Grade Three arithmetic, and the U.S. does not now have either half right.

My work has gotten more political over time, but once you start exploring food, you find you're up against economics and politics and psychology and anthropology, all of these different things you have to deal with.