Quotes About Economics

That there are men in all countries who get their living by war, and by keeping up the quarrels of nations, is as shocking as it is true; but when those who are concerned in the government of a country, make it their study to sow discord and cultivate prejudices between nations, it becomes the more

In despotic governments wars are the effect of pride; but in those governments in which they become the means of taxation, they acquire thereby a more permanent promptitude.

That there are men in all countries who get their living by war, and by keeping up the quarrels of Nations, is as shocking as it is true; but when those who are concerned in the government of a country, make it their study to sow discord and cultivate prejudices between Nations, it becomes the more unpardonable.

peace WITH trade, is preferable to war WITHOUT it.

The company's working capital is the amount of money left over after you subtract current liabilities from current assets. Current Assets – Current Liabilities = Working Capital

Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it

The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.

The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker's productivity worth that amount—and, if it is not, that worker is unlikely to be employed.

Competition does a much more effective job than government at protecting consumers.

Capitalism forces nations to compete for market shares, natural resources, and human capital. Less obvious so, they also compete for names, brands, and terminologies.

Those] on fixed incomes are the nation's math elite.

The simple math of trickle-down economics," said Steve. "It's expensive to be poor.

Disinvestments will continue to happen. If the issue is priced correctly, there's no reason why it should not sell.

There is no reason that a cell phone should cost double in Israel what it does abroad.

'Fun money' is another thing that makes no sense to traditional economists. Because there's just money; there's no 'fun money.' It's all supposed to be the same.

It makes no sense to introduce an agreement with border restrictions or tariffs.

Arbitrarily changing the time each year makes no sense, and results in significant economic burdens for businesses, including those in NC-11.

Without any physical, chemical, and biological fundamentals, and with equally poor understanding of basic economic forces, it is no wonder that people will believe anything.

Nobody believes in completely unadulterated capitalism.

I don't want to have one currency for all North America.