Quotes About Economics

If we were left to ourselves, unfettered by legislative enactments, we should gradually withdraw our capital from the cultivation of such lands, and import the produce which is at present raised upon them.

I think it is a mistake to withdraw from Trans-Pacific Partnership because if America abandons the Asia Pacific markets, we'll lose.

Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method.

Imagine a political system so radical as to promise to move more of the poorest 20% of the population into the richest 20% than remain in the poorest bracket within the decade? You don't need to imagine it. It's called the United States of America.

When we cut the price for bananas by 1 ruble, we sell 100 tons a day more... There are people who live within their budget.

Inflation is taxation without legislation.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

There can be no rise in the value of labour without a fall of profits.

Inflation is the one form of taxation that can be imposed without legislation.

Note, besides, that it is no more immoral to directly rob citizens than to slip indirect taxes into the price of goods that they cannot do without.

Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.

Finding a 'sacrificial lamb' on whom to tag blame for complicated problems is an important instrument in the toolkit of politicians, because it deflects blame for the nation's economic woes away from their own regulatory lapses, economic mismanagement and coddling to labor unions.

Food redistribution is economically sensible, ecologically pressing, and socially responsible; it is high time food corporations woke up to it and governments started funding the organisations that facilitate it.

Nothing changes the gender equation more significantly than women's economic freedom.

Economics and finance is the final frontier for women; it's the last thing they will conquer because controlling finance is at the heart of everything in government.

In the 2013 Economists Program, we hired 51 percent women, 49 percent men. And the reason for that is that we have a draft from all over the world, and we've hired, for instance, in that group, a good number of Chinese economists - highly qualified, all Ph.D.s from the best universities of the world. And guess what? They're all women.

Establishing a 'livable wage' floor would immediately reduce the gap in average pay between American women and men.

I went to college as an economics major because that was the easiest major that could still please your Asian parents, and then, much to their dismay, I became a stand-up comedian.

The erroneous economic belief in scarcity leads directly to the mistaken theological belief that God does not want us to be rich. After all, in a world of scarce physical resources, a person could achieve personal wealth only by taking wealth from another - something that a truly benevolent, loving God would never allow.

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.

Economics is a good degree to have but the subject is very theoretical at Cambridge and I found it frustrating that you can't apply a lot of the models to particular circumstances.

For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.