Quotes About Economics

Ever since Ronald Reagan and Margaret Thatcher lightened all the regulations for making money, the gap between the haves and have not has grown. Inspired by a 1980's Hollywood movie, the mantra for Wall Street became "greed is good.

A person native to the twenty-first century can't really reconcile why anyone would pay $13.25 for twelve fixed songs that could only be played on specific high-end electronics serving no other function; the majority of all recorded music can now be instantly accessed anywhere for less than $10 a month.

What society classifies as "credible" is almost always a product of whichever social demographic happens to be economically dominant at the time of the classification.

Until we disentangle fundamental needs and rights from someone's ability to charge us for it, capitalism will continue to throw us over the cliff's edge. This is how the world ends: not with a bang, but a ka-ching. —Afzad Kerman in his TED Talk, "Chaos and Crisis: The Accidental Ingenuity of the Almost-Apocalypse

Capitalism is the act of flirting with disaster. It's the mode of economics that sends us over the cliff and charges us for the privilege of getting saved just before we crater. Capitalism manufactures chaos and catastrophe and then manufactures the solution to chaos and catastrophe.

The comfort of the rich depends on an abundance of the poor. —Voltaire

Alleviating poverty is not the same as creating prosperity. The prosperity paradox

cost reductions meant survival, but not profitability

It is very difficult for a company whose cost structure is tailored to compete in high-end markets to be profitable in low-end markets as well.

As Medicare, Medicaid, and private health assistance companies pervasively inserted themselves between patients and providers, the market ultimately evolved toward what economists call monopsony—where a few huge, powerful buyers essentially determine the prices they will pay to their more fragmented suppliers.

Money was new and unpredictable and liked to go where it pleased. Some

When black blood was money, the savvy businessman knew to open the vein.

The key here is not to pursue pricing against the competition within an industry but rather to pursue pricing against substitutes and alternatives across industries and nonindustries.

Neither the company nor the industry is the best unit of analysis in studying the roots of profitable growth.

adopting a blue ocean creator's business model is easier to imagine than to do. Because blue ocean creators immediately attract customers in large volumes, they are able to generate scale economies very rapidly, putting would-be imitators at an immediate and continuing cost disadvantage.

Blue ocean strategy does not see competition as bad. However, unlike traditional economic thought, it does not see competition as always good.

When exceptional utility is combined with strategic pricing, imitation is discouraged.

If we could let go of our faith in money, who knows what we might put in its place?

The continued existence of freedom is based on educated citizens who understand their own history, government, economics, and God-given values. Every day we have to sort out information from propaganda, due to the fact that the media of this world are full of "journalists" with a cause.

approach takes a rising percentage of payments as income increases, whereas a regressive approach takes a falling percentage as income

The only thing that hurts more than paying an income tax is not having to pay an income tax. —Lord Thomas R. Duwar

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others.

If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.

Francis Weller says, "The idea that you have to earn a living is a tragic way to think about being a human being." Especially if that's your only way of thinking about your one precious life. This is why the current state is a scandal. It's not just because of what happened in the past. It's because what happened is still happening. Karma is living energy that gets manifested in economics, politics, and the justice system.