Quotes About Economics

As the currency denomination goes up and its availability increases in the market, it helps only the privileged class not the rest mass of the population simply because of the affordability criteria.

Privatization is nothing but dehumanization and its side effect is likely to be worse than that of demonetization on general population.

Salary sounds like Slavery only no matter how big it is offered.

Money speaks sense in a language all nations understand.

Poverty without debt is independence.

Money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.

Money, or its equivalents, are essential in war as well as in peace.

Formerly, many men dominated women within marriage. Now, despite a much wider acceptance of women as workers, men dominate women anonymously outside the marriage. Patriarchy has not disappeared; it has changed form. In the old form, women were forced to obey an overbearing husband in the privacy of an unjust marriage. In the new form, the working single mother is economically abandoned by her former husband and ignored by a patriarchal society at large.

Culturally speaking, the entire North had "cut in" and seemed to move the South to the back of the line, even as—and this was forgotten—federal dollars had steadily moved from North to South.

FWAs boost productivity. Stanford University economist Nicholas Bloom found that employees who telecommute are 13.5 percent more productive than employees who go into the office.

All rights, all power, all ability, are suddenly expressed in terms of money. In order to be understood, everything has to be reduced to this common denominator. From this point of view, the whole previous history of capitalism seems no more than a mere prelude.

I think that both camps are guilty of underestimating the challenge of arriving at economic understanding. Those economists who claim the mantle of science are guilty of hubris. Noneconomists who think that their own intuition is superior to economic reasoning are dangerously misguided.

As president, Reagan worked very well with Democrats to do big things. It is true that he worked to reduce the size of government and cut federal taxes and he eliminated many regulations, but he also raised taxes when necessary.

I think if our students, if our high school students — if all of the American citizens — knew about probability and statistics, we wouldn't be in the economic mess that we're in today

capitalism as an economic and social system that makes people unhappy by making them into part of a human machine in which humanity is expunged and only productivity remains.

Economists consistently find that our marginal productivity tanks with work hours beyond eight or ten per day.

You see, whether or not we want to admit it, political contempt and division are what economists call a demand-driven phenomenon. Famous people purvey it, but ordinary citizens are the ones creating a market for it.

Stein's law," named after the famous economist Herbert Stein from the 1970s: "If something cannot go on forever, it will stop.

The ideals of free enterprise and global leadership, central to American conservatism, are responsible for the greatest reduction in human misery since mankind began its long climb from the swamp to the stars.

People will buy products for quality, and they will buy products for bargains.

The correlation of quality of life and cost of energy is huge.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.

If we had improved materials that could be produced cheaply and in large quantities, certainly the thermoelectrics industry could move forward more quickly.