Quotes About Economics

The old-fashioned idea is that responsibility falls upon those who borrow and lend. Money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from borrowing, indeed often suffered grievously from its effects.

The Republican Party is doubling down on this trickle-down theory that says, 'Thou shalt concentrate wealth at the very top of our society. Thou shalt remove regulation from wherever you find it, even on Wall Street. And thou shalt keep wages low for American workers so that we can be more competitive.'

Obama and Clinton wrongly believe that the corporate income tax is a tax on the rich. The reality is that rich corporations don't pay taxes - workers do.

You cannot set salaries by decree. At the end of the day, it doesn't work with the market. What you can make sure to do is to train workers in order to make them more efficient and demand higher salaries because of their qualifications.

Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.

Workers' disillusionment is deepened by the knowledge that, as their average wages grow slowly or stagnate, the very wealthy are growing significantly wealthier.

Low-wage individuals barely get anything. I think we have to reward work, and I do think that we need to bump up the earned income tax credit to help low-wage workers.

Lesser-skilled workers suffer the entire burden of lower wages but capture only a portion of the benefits from lower-priced offshore goods.

For too long the U.S. immigration system has focused on accepting low-skilled immigrants. Basic economics tells us that the surge of low-skilled workers depresses wages and harms the prospects of American workers.

When illegal labor is used, that almost always depresses wages paid to all workers. The illegal workers can be exploited, and they will usually accept lower wages. As a result, all workers in the plant, including U.S. citizens, will see their wages go down.

There are times that everyone hates his or her job. Were they freed from the economic consequences of having these jobs, they'd drop out of the workforce. There are only two problems with this strategy: First, someone has to pay for it; second, it is not the recipe for human fulfillment.

Capital structure isn't an eyeshade economic thing: It's about your ability to protect your workforce and your service levels.

If female were working in the same proportion as men do, the level of GDP would be up 27 percent in a country like India, but also up 9 percent in Japan and up 5 percent in the United States of America. It's not just a moral issue, not just a philosophical issue. It just makes economic sense.

These Americans are among the working poor with full-time jobs earning $5.15 an hour. Millions fall into this boat, even more when you consider that the poverty line has not been adequately adjusted to reflect the true level of poverty in this country.

As the Wall Street Journal called our economic plan, supply-side economics for the working man, is resonating in Minnesota and here in Missouri and across this country.

We want an economic team, Paul Krugman and Robert Kuttner, Joseph Steiglitz's people and others, who say, you know what? We're sophisticated economists but we're concerned about poor and working people.

As economists have often pointed out, we pay doctors for quantity, not quality. As they point out less often, we also pay them as individuals, rather than as members of a team working together for their patients. Both practices have made for serious problems.

Trump has seized the Republican nomination by finding scapegoats for the economic hardships and disintegrating lives of working-class whites while giving these voters a reassuring but false promise of their restoration to the center of American life.

As a general rule, most recent university graduates know far more about U.S. economic history and 'The Lord of the Flies' than about how the modern workplace functions and how to succeed in it. Yet come senior year of college, it couldn't be more important or more timely to learn the basics of getting a job.

I don't think most of Congress understands how economics works.

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

I started off thinking that maybe the social sciences ought to have the kinds of mathematics that the natural sciences had. That works a little bit in economics because they talk about costs, prices and quantities of goods.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.