Quotes About Economics

A socialist is somebody who doesn't have anything, and is ready to divide it up equally among everybody.

We should have had socialism already, but for the socialists.

Communism doesn't work because people like to own stuff.

Economics assumes that people universally aspire to individualistic self-maximizing acquisition, so this discipline has functioned to institutionalize human greed as fundamental to the economic engine of the world system.

Global Warming Is Socialism By The Back Door.

Progressives still express their worries in an essentially 1930s vocabulary of distributive justice, understood in economic, meaning material, terms. This assumes a reassuringly mundane politics of splittable differences—how much concrete to pour, how many crops to subsidize by how much, which factions shall get what.

The permutations of rent-seeking are as many as the administrative state is vast. Rent-seeking is the activity of attempting to increase one's income without increasing the quantity or quality of the goods or services offered to customers. It is the attempt to manipulate public power for private advantage—to get government to improve your economic circumstances by conferring a benefit on you or a handicap on your competitors.

Economics has accurately been called the science of the single instance.

At this point, the Grumpy Economist becomes the Incredulous Economist: "If the central problem is rent-seeking, abuse of the power of the state to deliver economic goods to the wealthy and politically powerful, how in the world is more government the answer?

The United States will deal with it as it always does, with its citizens going through a decade of intense political rage at each other, accompanied by an economic crisis and a social one: the old against the young, and the problem of innovation leading to instability. Finally, the political process will create a solution, with a failing president who worships the old cycle, followed by one who will claim credit for presiding over the new cycle and its solutions.

In the Google era, Newton's system of the world—one universe, one money, one God—is now in eclipse. His unitary foundation of irreversible physics and his irrefragable golden money have given way to infinite parallel universes and multiple paper moneys manipulated by fiat. Money, like the cosmos, has become relativistic and reversible at will.

Money is not a magic wand but a measuring stick, not wealth but a gauge of it.

If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.

The key issue in economics is not aligning incentives with some putative public good but aligning knowledge with power. Business investments have both a financial and an epistemic yield. Capitalism catalytically joins the two. Capitalist economies grow because they award wealth to its creators, who have already proved that they can increase it. Their tests yield knowledge because they are falsifiable; they can be exposed as wrong. Businesses are subject to failure.

But you are telling me, Susan, that the 'Society for Humanity' is right; and that Mankind has lost its own say in its future.' 'It never had any, really. It was always at the mercy of economic and sociological forces it did not understand--at the whims of climate, and the fortunes of war.

Gaal Dornick, utilizando conceptos no matemáticos, ha definido la psicohistoria como la rama de las matemáticas que trata sobre las reacciones de conglomeraciones humanas ante determinados estímulos sociales y económicos

Pues... la gente que quiere distribuir un poco la riqueza y desea evitar que se concentre en manos que no son las que la producen. ¿Comprende lo que quiero decir?

This is a Seldon crisis we're facing, Sutt, and Seldon crises are not solved by individuals but by historic forces. Hari Seldon, when he planned our course of future history, did not count on brilliant heroics but on the broad sweeps of economics and sociology. So the solutions to the various crises must be achieved by the forces that become available to us at the time. "In this case,—trade!

The military government had decided public services should be in private hands. Health was not a right, but a consumer good to be bought and sold.

No hay libertad sin independencia económica.

Elimane had taught the little family to make a point of memorizing the current prices of all sort of commonly needed goods and services; asking the price was essentially announcing your lack of street smarts and pleading to be overcharged.

In the early 1980s, the government of New Zealand fell into the hands of true believers, globalist believers, and they embraced the theory of inevitability perhaps more completely than anybody else. And it solved in the very short term some of their debt problems, but in the medium- and long-term, it left them in real economic trouble.

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.

The real minimum wage is zero.