Quotes About Economics

Visions are projections of one's fundamental beliefs and assumptions about human nature, technology, economics, science, politics, art, ethics, and the like. A vision of the future is much like a literary or musical theme. It's the paramount, persistent, and pervasive message that you want to convey, the frequently recurring melody that you want people to remember; and whenever repeated, it reminds the audience of the entire work.

slave system presented no obstacle to the growth of industrial capitalism as an economic system

the slaves in the seven cotton states of the lower South had received in the form of food, clothing, and shelter only 22 percent of the income produced by the plantations and farms on which they worked.

nothing and then selling it at triple cost to buyers in Wyandanch

Evade purchasing stocks which purely look like a bargain.

Obama is a fine, very impressive person. He really is. Unfortunately, everything that he is doing in economics is exactly wrong. He is a crappy president.

Inequality makes everyone unhappy, the poor most of all, and that is well within the remit of the state. More money gives less extra happiness the richer we get, yet we are addicted to earning and spending more every year.

To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.

The move towards a unified agricultural market helps farmers get correct remuneration for their produce.

Economic issues are a subset of social justice. Social justice is unimaginable without economic justice. Isn't that obvious?

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history.

In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.

The Soviet Union was a partial check on capitalist looting in the 1950s, 1960s, 1970s, and 1980s. However, with the Soviet collapse, capitalist looting intensified during the Clinton, Bush, and Obama regimes.

Everyone understands the European Union is a failure. It has not kept any of its promises - in particular about prosperity, security - and, worst of all, has put us under a guardianship.

By the way, the European Union Member States together - even the euro area Member States together - are by far the biggest contributors to the IMF.

Indeed, the creators of the euro envisioned it as an instrument to promote political union.

Our economics are not baseball's economics. Our game is not baseball's game. Our owners are not baseball's owners, with one or two exceptions. Our union is not baseball's union. What we do has to be crafted and suited to address hockey, to address the NHL, to address our 30 teams and our 700-plus players.

Union members are fiscal conservatives, a lot of them.

I'm a great supporter of the European Union. I didn't support entry to the Euro, not because I'm against it in principle but because I didn't think it was economically right for Britain. But that doesn't make me any less pro-European.

The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It creates an important form of insurance.

If credit unions can grow and prosper with a 15 percent cap, so can banks.

The clash between capital and labour, between those seeking to maximise profit and those with only their toil to sell, was the driving force for the creation of the trade unions in the 19th century.

You look at right-to-work states: a lot of car companies are relocating down to the South so they don't have to deal with the unions or the legacy cost or any of those things, and that's what manufacturing's done.

I'm a Ph.D. in economics, and so you analyze every situation uniquely because every international situation is unique.