Quotes About Economics

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

Politicians never accuse you of 'greed' for wanting other people's money—only for wanting to keep your own money.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.

The reason that the invisible hand often seems invisible is that it is often not there.

Es muy fácil predecir el pasado, tal y como saben todos los economistas, columnistas y sus cuñados, que sólo tienen que añadir un «estaba claro» al titular de ayer.

Transformar las villas y a los villeros en un tema cultural es ocultar que se trata esencialmente de un problema económico que no tiene otra solución que no sea económica: en primer lugar encontrar solución a la crisis de vivienda y al desempleo crónico.

El capitalismo no es un mero sistema económico, sino que posee una visión totalizadora y articulada del hombre, una antropología corrosiva que se funda no sólo en la liberalización del consumo, sino también de las costumbres

I finally know what distinguishes man from the other beasts: financial worries.

I'm going to teach high school. History and economics. I may even coach wrestling. Hey, Indiana Jones taught school, too.

The nominal budget is a poor indicator of the impact of government outlays and revenues.

My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources.

One industrial age belief is that GDP or GNP is a measure of progress. I don't care if you're the President of China or the U.S., if your country doesn't grow, you're in trouble. But we all know that beyond a certain level of material need, further material acquisition doesn't make people happier.

Cost-plus is an inefficient way to do things.

Income inequality isn't sexy.

Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated.

Greater inequality in Europe has made people less happy.

A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking.

Inequality is an enormously complicated thing that is both good and bad.

If you can make a lot more of something, you can make it much more inexpensive.

Inflation is the crabgrass in your savings.

There is no such thing as a riskless hedge against inflation.

I'm against using Petrobras to combat inflation.

One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.