Quotes About Economics

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

For the moment, at least, human rights history is worth telling because it reveals how partial our activism has become, choosing sufficiency alone as intractable crises in politics and economics continue to mount.

Gives me some kind of content to remember how painful it is sometimes to keep money, as well as to get it.

Finance, like time, devours its own children.

Time is money, especially when you are talking to a lawyer or buying a commercial.

It is shameful that millions of Americans are suffering the economic injustice of working a full-time job and earning a wage that leaves them below the poverty line.

Slavery was incredibly prosperous for some people, at that time. It was not a bad business plan, but it was terrible and inhumane. But as a business it worked.

Income inequality and wage stagnation finally took their place among the principal moral issues of our time.

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

The idea that more taxes and more government spending is the best way to help hardworking middle class taxpayers - that's an old idea that's failed every time it's been tried.

The Civil War was started over economic issues, not slavery. The War was not popular in the North until the issue of slavery was added at a later time to turn it into a moral crusade.

I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street.

The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.

Arbitrage human nature. It's not going to change any time soon.

Hayek was making us think of the productive process as a process in time, inputs coming before outputs.

A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the "affluence" that it bestows upon the common man.

There have been three great inventions since the beginning of time: fire, the wheel, and central banking.

A commercial aircraft is a vehicle capable of supporting itself aerodynamically and economically at the same time.

I have yet to meet the famous Rational Economic Man theorists describe. Real people have always done inexplicable things from time to time, and they show no sign of stopping.

as you know, I don't believe in fear, just an invention by men so they get all the money and good jobs...

Thus capitalism, which elevated patriarchy by turning its major value, power, into the only value, also destabilized it by enabling women for the first time in history to become economically independent.

Like many business men of genius he learned that free competition was wasteful, monopoly efficient.

todo socialismo, al poner en marcha la planificación económica, al acabar con la competencia y la propiedad privada, establece automáticamente un mecanismo que a la corta o a la larga liquida el pluralismo político y las libertades, lo quieran o no los planificadores.

Su defensa de la sociedad civil, de la democracia y de la libertad política, ignoró una pieza clave de la doctrina liberal, aquella que había revelado Adam Smith: que sin libertad económica y sin una garantía legal firme de la propiedad privada y de los contratos, la democracia política y las libertades públicas están siempre mediatizadas.