Quotes About Economics

Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. ... in the field of economic and political philosophy there are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest.

I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel--these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national.

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilisation.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

What is raised by printing notes is just as much taken from the public as is a beer-duty or an income-tax. What the Government spends the public pays for. There is no such thing as an uncovered deficit.

By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens . . . The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose

Long run is a misleading guide to current affairs. In the long run we are all dead.

Successful investing is anticipating the anticipations of others

Practical man, who believe themselves to be quite exempt from any intellectual influence, are usually the sleeves of some defunct economist

Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the sleeves of some defunct economist

Markets can remain irrational a lot longer than you and I can remain solvent.

The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the un-appropriated splendors of nature have no economic value. We are capable of shutting off the sun and the stars because they do not pay a dividend.

saving" became nine-tenths of virtue and the growth

All production is for the purpose of ultimately satisfying a consumer.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on the scale necessary to make the grand experiments which would prove my case—except in war conditions

If .. spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die.

Armed with the new right to sell their products back to host societies, they can bleed both producing and buying populations at the same time. That is why under new international "free trade" agreements private corporations and businesses have increasingly demanded that governments deregulate and lower taxes so that they are not obliged to pay the cost of sustaining the life of host-societies or their environments.

No nation will ever respect us as long as we beg for that which we can do for ourselves. There has never been a leader of our people who went all-out to set up an economic plan for our people. I use the saying of Jesus, "All before me were thieves and robbers.

Confusing a model – such as that of a perfectly competitive market – with the theory of which it is one representation can limit applicability still further.

Companies that pollute should be taxed so that a product's cost to society is reflected in the price of that product.

old ladies who remembered when cotton briefs only cost ten cents a pair.

La mantequilla sube diez centavos. El ser humano baja.

If the nation's economists were laid end to end, they would point in all directions.