Quotes About Economics

I did not throw out my education lightly, but what I was being taught was of no use in explaining what I saw around me. It was the Great Depression.

People aren't going to throw the kind of money at certain people that they used to.

What would air travel look like if airplanes were thrown out after each flight? No one would be flying in airplanes.

Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply.

I am going to be working on bathroom fittings for a company in the USA, and then I thought it was appropriate to simplify the fittings and, thus, lowering the cost.

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any given value of final production, thus adding to the major expansion in gross trade flows in the 1990s and 2000s.

I don't think that just because people will pay a certain amount for a ticket that it's all right to charge it.

I mean the interesting thing I think would be if something happened like, what happened in England where all these kids that all of a sudden can't afford the ticket prices.

You can technically lose money during the playoffs if you don't raise your ticket prices.

Theatre ticket price capping is not a bad idea.

I used to watch Babe Ruth for 50 cents. Now, baseball tickets are $400!

You cannot stage plays to make money. That's quite impossible until our people start spending more on tickets.

I don't think profit margins are great when you're giving away free tickets!

The political, the economic, the social are tied together like the strands of a rope. The social and economic, if they are firm, tend to strengthen the other.

The Marxist theory of ideology is extremely contentious, not least because it is tied to socio-economic hypotheses that are no longer believable.

Everybody has to remember that economics is very tied to politics.

In truth, every American administration since that of Franklin D. Roosevelt has maintained close ties with the Saudi rulers, and for a single, simple reason: oil.

A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was not their family connections nor ties to Ivy League schools or elite banks, but rather the strength of their research, analysis and writing.

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.

I think it's wrong that only one percent of the people should own ninety percent of the country.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

To rank economic activities as more or less preferable is ideology, not science: a judgment that is driven by values and predilections, not by hard data.

You cannot spend money in luxury without doing good to the poor. Nay, you do more good to them by spending it in luxury--you make them exert industry, whereas by giving it, you keep them idle.