Quotes About Economics

Our age, as much as it speaks of economics, is in fact a squanderer: it squanders the most precious thing there is, the spirit.

The illusion of the viability of unlimited growth is maintained by economists who refuse to include the social and environmental costs of economic activities in their theories.

If the bringing of children into the world is today an economic burden, it is because the social system is inadequate; and not because God's law is wrong. Therefore the State should remove the causes of that burden. The human must not be limited and controlled to fit the economic, but the economic must be expanded to fit the human.

Modern prophets say that our economics have failed us. No! It is not our economics which have failed; it is man who has failed-man who has forgotten God. Hence no manner of economic or political readjustment can possibly save our civilization; we can be saved only by a renovation of the inner man, only by a purging of our hearts and souls; for only by seeking first the Kingdom of God and His Justice will all these other things be added unto us.

the freedom of a people or a country be defined as absolute independence, is it not obvious that in a world like ours freedom cannot exist, not only because of inevitable economic interdependences, but because of the part played by pressure, or, less politely, by blackmail, at all levels of international intercourse?

Oui, l'argent, tonna le patron. Y en avait pas pour les vieux, ni pour les écoles, ni pour les orphelins, ni pour donner de l'ouvrage au monde. Mais à c'te heure marque ben qu'il y en a pour la guerre. A se trouve à c'te heure, l'argent. -A se trouve toujours en effette pour la guerre, répliqua Azarius.

No me hables de política-le decía el coronel-Nuestro asunto es vender pescaditos

People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.

The buyer is entitled to a bargain. The seller is entitled to a profit. So there is a fine margin in between where the price is right. I have found this to be true to this day whether dealing in paper hats, winter underwear or hotels.

For those of you who don't understand Reaganomics, it's based on the principle that the rich and the poor will get the same amount of ice. In Reaganomics, however, the poor get all of theirs in winter.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

Humans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine.

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

Income splitting is not a wise investment for Canadians.

The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and cities to access the market for their financing needs.

In my wide travels across the world and my meetings with various heads of states, be that Africa or South Asia, Singapore or in high level meetings in the U.S., U.K. or Japan, one common mention is about Dr. Singh's extraordinary reputation as a Wise Man, an outstanding Economist and a fine Gentleman.

One of President Reagan's first and wisest initiatives was to effectively shutdown the anti-trust division of the Justice Department.

Whereas it has long been known and declared that the poor have no right to the property of the rich, I wish it also to be known and declared that the rich have no right to the property of the poor.

My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this very great honor. We each feel privileged and humbled to be named the winners of the 2010 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

The intriguing aspect of food charges on airlines is that they create the perfect laboratory for any economist who wishes to study the question of how to price a good that possesses, by universal consensus, absolutely no objective value.

The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods.

Keynes was scarcely a 'revolutionary' in any real sense. He possessed the tactical wit to dress up ancient statist and inflationist fallacies with modern, pseudoscientific jargon, making them appear to be the latest findings of economic science.

I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name.

Future generations of economists will look at the trickle-down theory in much the same way we now look at witch burning, slavery, and the Sinclair C5.