Quotes About Economics

It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.

There is a fundamentalist belief by capitalists that capital will save the world, and it just isn't so.

The idea that commodities, as an asset class, is finished is just fundamentally flawed.

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

Slavery, protection, and monopoly find defenders, not only in those who profit by them, but in those who suffer by them.

The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

Communal/managed economics have always been more destructive of their societies than those driven by greed

Combine Honnete Ober Advancer Mercantiles—the CHOAM Company.

Economics versus beauty, a story older than Sheba.

Duke: How is a planet to become an Eden without money? Kynes: What is money if it won't buy the services you need?

I learned economics at my mother's knee," Teg said. "Food, water, breathable air, living space not contaminated by poisons—there are many kinds of money and the value changes according to the dependency.

CHOAM is business and business follows profits.

Socialism produces bad music, bad art, social stagnation and really unhappy people.

I will always choose the dollar bill carrying a wildly fluctuating discount rather than the dollar bill selling for a quite stable premium.

Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.

When economist William Beveridge dreamed up the postwar welfare state he wanted to fight five 'giant evils' - want, disease, ignorance, squalor and idleness. Fast forward 65 years and it seems the last New Labour government grew an Unfair State that fuelled - not fought - one of those evils: idleness.

The argument that capitalism was dependent on slavery is, of course, not new. In 1944, Eric Williams, in 'Capitalism and Slavery,' made the case.

Capitalism invariably boils down to barter between two willing parties, neither of whom uses force to work with the other.

Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'

That iPad you just bought. Do you care that it cost a few pence to manufacture? No. It's cost you several hundred pounds because somebody else was willing to pay that much for it. If they weren't... it wouldn't.

I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in.

History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.

U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.