Quotes About Economics

It is the nature of capitalism to confound distinctions, collapse hierarchies and mix the most diverse forms of life promiscuously together.

Labour had become expensive and your average lord could now make more money out of sheep than he could out of his peasants. There was more wool on sheep, for a start, and you could also eat them – which is possible with peasants but socially taboo – so the lords started to throw the expensive, troublesome and uneatable peasants off their land and replace them with sheep.

Taxation, gentlemen, is very much like dairy farming. The task is to extract the maximum amount of milk with the minimum amount of moo.

Taxation is just a sophisticated way of demanding money with menaces.

Whole new theories of money were growing here like mushrooms: in the dark and based on bullshit.

Genua had once controlled the river mouth and taxed its traffic in a way that couldn't be called piracy because it was done by the city government, and therefore sound economics and perfectly all right.

I'm Harvard-educated; I'm an economist by training. I'm an author, a journalist, as well as being active in community development.

I've been a financial journalist for 30 years.

Historically, figuring out what to do to the tax code has been almost as contentious a political issue as judicial appointments.

All business sagacity reduces itself in the last analysis to judicious use of sabotage.

In my junior year in college, I was getting kind of tired of French. So, I took an economics course, and I loved it. The rest of my two years in college I spent in economics.

Selling $500 shoes when you make $12 an hour is just an awkward economic juxtaposition.

If being rightwing is thinking that Karl Marx's doctrine was a catastrophe for humanity, then I'm rightwing.

We wanted to be certain they didn't have a bigger deficit, and Kennedy agreed with me.

Financial globalisation and Islamist globalisation are helping each other out. Those two ideologies want to bring France to its knees.

Everyone knows that if you can keep on making money, everyone's happy.

I don't attach any labels to myself and if I can be of any help to Kerala in terms of thinking about some of the economic issues there, provide my input which can be taken or discarded, I thought that would be a good thing to do.

The seeming antagonism between capital and labor is the result of deceptive appearance.

You can now eat bananas from Chile; you couldn't do it before you had air shipping. Now, communication technology enables the shipping of labor.

Making labor less expensive helps firms hire people.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

Human labor cannot compete with fixed capital - that's just a fact.

I am totally in line with the fact that I think wealth distribution for carmakers needs to be redimensioned to allow labor to take a piece of that wealth distribution.

Experimental economics is about conducting experiments: bringing economics into the laboratory or creating controlled conditions in the field that allow us to understand better what we are seeing in less controlled circumstances.