Quotes About Economics

You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.

The populists always fail in their own terms. Let me be more specific, the protectionists always fail. They always end up delivering the sharpest fall in living standards to the people who are their biggest supporters.

What's interesting is that you've got a lot of overlap between supporters of different parties and different candidates who feel regardless of who's been in power, the rich have got richer and half the country's got poorer.

Lula da Silva was my hero when he was president. I Googled him so many times. The fact that he got 20 million people out of poverty... that happened by encouraging entrepreneurship, by supporting small business.

Our leaders pay lip service to the freedoms that democracy provides while actually supporting an economic structure that imprisons its citizens under more and more debt.

A boatload of government money is indeed a gift. Unless, I suppose, you're one of the saps paying for the cargo.

Heavy-handed regulations hurt the very consumers they're supposed to help.

Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place.

One would expect that a surge of new automation opportunities in highly paid work would catalyze a surge of corporate investment in computer hardware and software. Instead, the opposite occurred.

Economics is not brain surgery.

Since, however, the reduced surplus value is to be distributed among them in like manner, the modification of their respective parts in the production of surplus value must find expression in a modification of the prices.

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.

Governments that try to shoot for a surplus hardly ever reach it.

The Himalayan glaciers, China's trade surplus, Olympic ice hockey - the world is full of pressing subjects that people never consult me about.

Where did Keynes stand on overt fascism? From the scattered information now available, it should come as no surprise that Keynes was an enthusiastic advocate of the 'enterprising spirit' of Sir Oswald Mosley, the founder and leader of British fascism, in calling for a comprehensive 'national economic plan' in late 1930.

Is human nature basically good or evil? No economist can embark upon his profession without considering this question, and yet they all seem to. And they all seem to think human nature is basically good, or they wouldn't be surprised by the effects of deregulation.

The first divorce is the only tough one. After that it's merely a problem in economics.

Ruef attempted to reduce wages by arguing that in the crisis "there is pressing need for mutual concession," so unskilled workmen should accept $2.50 for a nine-hour day rather than $8.00, as it had been before. What made the concession mutual was not specified.

Poor countries in the developing world paid first, but the rest of us are paying now, as those policies and the suffering they impose come home to roost via right-wing economics that savages unions, education systems, the environment, and programs for the poor, disabled, and elderly in the name of privatization, free markets, and tax cuts.

Capitalism has grooved society with a number of deep slots along which human beings can roll to a fixed destination. When a man takes charge of a factory the factory takes charge of him.

At present, Keynes said in 1926, everything is politics, and nothing policies.

In it he shifted from classical orthodoxy by denying the short-term efficacy of the quantity theory of money, while accepting its truth 'in the long run in which we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.'15

it was impossible to convey the complexities of an economic reform programme when voters only understood war-cries or catchphrases. He was more effective at talking sense into people, and in improving their comprehension

Money is a formal token of delayed reciprocal altruism.