Quotes About Economics

Monoculture is where the logic of nature collides with the logic of economics; which logic will ultimately prevail can never be in doubt.

As mudanças económicas do século XVIII tornaram necessário fazer circular os efeitos do poder, por canais cada vez mais sutis, chegando até os próprios indivíduos, seus corpos, seus gestos, cada um de seus desempenhos cotidianos. Que o poder, mesmo tendo uma multiplicidade de homens a gerir, seja tão eficaz quanto se ele exercesse sobre um só.

Toda esa atención charlatana con la que hacemos ruido en torno de la sexualidad desde hace dos o tres siglos, ¿no está dirigida a una preocupación elemental: asegurar la población, reproducir la fuerza de trabajo, mantener la forma de las relaciones sociales, en síntesis: montar una sexualidad económicamente útil y políticamente conservadora?

trabajos de intermediario, haciendo inventarios y recuentos. Esto significa que los representantes, corredores, dependientes, contables, etcétera, serán despedidos gradualmente a medida que sus puestos de trabajo vayan desapareciendo. Estos empleos se encuadran en lo que se llama «la fricción del capitalismo». Ahora mismo ya es posible comprar un billete de avión buscando en la web los mejores precios, prescindiendo del agente de viajes.

Gerçekten de, iktisadi bunal?mlar, doÄŸal afetler ve savaÅŸlar, kapitalistlerin büyük ölçeklerde varl?k ele geçirmesi için harika f?rsatlara dönüÅŸmüÅŸtür. Felaketlerden sonraki yaÄŸmac? müdahalelere "?ok doktrini" denmektedir.

A "businessman," meanwhile, was not just a craftsman who made goods or a merchant who traded them, but a more fluid kind of capitalist, constantly finding new ways to turn a profit.

Oh, I thought you were trying to build a canal. If it's jobs you want, then you should give these workers spoons, not shovels. [Reply to the government bureaucrat of one Asian country who told him that, reason why there were workers with shovels instead of modern tractors and earth movers at a worksite of a new canal, was that: You don't understand. This is a jobs program.]

The combination of economic and political power in the same hands is a sure recipe for tyranny.

Is it really true that political self-interest is nobler somehow than economic self-interest? . . . And just tell me where in the world you find these angels who are going to organize society for us.

The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.

We economists don't know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can't sell tomatoes for more than two cents per pound. Instantly you'll have a tomato shortage. It's the same with oil or gas.

Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money,set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!

Inflation is taxation without representation.

Inflation is always and everywhere a monetary phenomenon.

With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.

it is one thing to have free immigration to jobs. It is another thing to have free immigration to welfare. And you cannot have both. If you have a welfare state, if you have a state in which every resident is promised a certain minimal level of income, or a minimum level of subsistence, regardless of whether he works or not, produces it or not. Then it really is an impossible thing.

These people live in many lands, speak different languages, practice different religions, may even hate one another- yet none of these differences prevented them from cooperating to produce a pencil. How did it happen? Adam Smith gave us the answer two hundred years ago.

Lo que importa no es la inflación per se, sino la inflación no anticipada

History only suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

Only people have incomes and they derive them through the market from the resources they own, whether these be in the form of corporate stock, or of bonds, or of land, or of their personal capacity.

The role of government just considered is to do something that the market cannot do for itself, namely, to determine, arbitrate, and enforce the rules of the game.

Fundamentally, there are only two ways of co-ordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary co-operation of individuals - the technique of the market place.

Who Protects the Consumer? It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow citizens. —Adam Smith, The Wealth of Nations, vol. I, [>]

Inflation is taxation without legislation