Quotes About Economics

Time is the currency of this two-bidder auction.

The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool.

A nudge, as we will use the term, is any aspect of the choice architecture that alters people's behavior in a predictable way without forbidding any options or significantly changing their economic incentives.

The core premise of economic theory is that people choose by optimizing.

climate change is the greatest and widest-ranging market failure ever seen

Wealth, in his experience, was not something the people who had it were at all keen to see trickling anywhere.

Machines cost money to build. Raw materials cost money to extract. But people?" She made a tiny spitting sound. "You can always get some more people. They reproduce like cancer cells, whether you want them or not. They are abundant

No better example of the price of economic dependency may be culled from U.S. history than the sustained erosion of the African American's civil rights.

Foreign opium imported into China was chiefly produced in British India and shipped solely from British ports.

The new religious systems reflected the changed economic and social conditions. For reasons that we do not entirely understand, all the chief civilizations developed along parallel lines, even when there was no commercial contact (as between China and the European area).

The value of money is a scam perpetrated by those who have it over those who don't

So many problems, however infinitely varied they first appear, turn out to be matters of money. I can't tell you how much this offends me. The value of money is a scam perpetrated by those who have it over those who dont; it's the Emperor's New Clothes gone global.

So many problems, however infinitely varied they first appear, turn out to be matters of money. I can't tell you how much this offends me. The value of money is a scam perpetrated by those who have it over those who don't; it's the Emperors's New Clothes gone global.

The value of money is a scam             perpetrated by those who have it over those who don't

The value of money is a scam perpetrated by those who have it over those who don't

It never ceased to amaze Skirata how much simpler it was to buy and sell death than it was to pay taxes.

It didn't take a Harvard economist to figure out that it'd be a hell of a lot cheaper spending money on helping keep kids safe when they were younger than it was to put them in jail when they were older.

It didn't take a Harvard economist to figure out that it'd be a hell of a lot cheaper spending money on helping keep kids safe when they were younger than it was to put them in jail when they were older. That was the American way, though. Spend a million dollars rescuing some kid who's fallen down a well, but God forbid you spend a hundred bucks up front to cap the well so the kid never falls down it in the first place.

Anyone who does not want communism-and none of us do-should take socialism seriously.

In proportion therefore, as the repulsiveness of the work increases, the wage decreases.

Communism is the riddle of history solved, and it knows itself to be this solution.

Money is the alienated essence of man's labor and life; and this alien essence dominates him as he worships it.

Money is the universal, self-constituted value of all things. Hence it has robbed the whole world... of its proper value. Money is the alienated essence of man's labour and life, and this alien essence dominates him as he worships it.

Accumulate, accumulate! This is Moses and the Prophets!