Quotes About Economics

De una cosa podemos estar seguros, muchacho, este alivio temporal de los impuestos acabará en impuestos mayores y en un colapso final. Se trata puramente de un asunto de contabilidad. ¿Pero es que a la gente le importa el presupuesto y la dura realidad de que uno no puede gastar lo que no tiene sin ir a parar a la bancarrota? ¡No! Gritarán "¡viva!" al tirano Cinna, pensando en la ganancia inmediata a expensas de la nación.*

Profits. Joe, if you want to use just one word"—and Mr. Healey wagged a huge finger at Joseph—"to describe wars and the making of wars, it's profits. Nothing else. Profits.

High inflation rates may come along and diminish purchasing power.

Burton Malkiel, professor of economics, Princeton University and author of A Random Walk Down Wall Street: "Through the past thirty years more than two-thirds of professional portfolio managers have been outperformed by the unmanaged S&P 500 Index.

Paul Samuelson, first American to win the Nobel Prize in Economic Science: "The most efficient way to diversify a stock portfolio is with a low fee index fund. Statistically, a broadly based stock index fund will outperform most actively managed equity portfolios.

right now your digients, amazing as they are, have no marketable job skills, and you can't predict when they'll get any. How else are you going to raise the money you need?" How many women have asked themselves the same question, Ana wonders. "So it's the oldest profession.

The difference in economic potential between clubs in Italy, those in England, or the big two in Spain is very high.

In 1993, I chased Cuban and Spanish drag trawlers off the Grand Banks off of Newfoundland. And it cost them $35 million in losses.

I'm not speaking in favor of killing innovation. I'm speaking in favor of centrist use of the market, which involves necessarily a considerable degree of regulation. Markets by themselves will get themselves inevitably into inequality and into their own destruction. It will happen again and again.

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.

Chapter 11 is an expensive process that does not accommodate the special needs of farmers.

The gains from specialization go all the way back to Adam Smith. He talked about the advantage of a bigger market being that we could have a finer division of labor and be more specialized.

It's no longer an exaggeration to say that middle-class Americans are an endangered species.

The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.

Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.

The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

While easy to understand, the income-based poverty line has limitations. Specifically, the median monthly household income measures only income without considering assets.

It certainly is dangerous that there are only a few clubs left in Europe that can afford to pay millions. At the end of the day however, the spectators decide the rates of pay - by watching the games and consuming the goods and services advertised on sports TV programmes.

Gambling is entertainment... Financial markets, what one often refers to as speculation, is really the force by which we move capital to the best and highest use.

The only place you see a free market is in the speeches of politicians.

If you go back to the really long-run questions that interested me, the big question was why, over the centuries, the millennia, has growth been speeding up?

Romney economics would spell disaster for America's middle class. In this economy there are shipbuilders and ship wreckers.

You can't spend your way to prosperity.