Quotes About Economics

Labor is the superior of capital, and deserves much the higher consideration

Communism is like prohibition, it is a good idea, but it won't work.

If you pay people not to work and tax them when they do, don't be surprised if you get unemployment.

There seems a general rule that, the more obviously one's work benefits other people, the less one is likely to be paid for it.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.

Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.

Private property is a necessary institution, at least in a fallen world; men work more and dispute less when goods are private than when they are in common.

The "value" or "worth" of a man is, as of all other things, his price; that is to say, so much as would be given for the use of his power.

What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.

A small business person has Uncle Sam as a partner, a partner who puts up no money, does no work, and wants 30 or 40 percent

Labor is the true standard of value.

Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?

If food were free, why work?

People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.

The hidden hand of the market will never work without a hidden fist.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

Brains, integrity, and force may be all very well, but what you need today is Charm. Go ahead and work on your economic programs if you want to, I'll develop my radio personality.

Liberalism is wrong because it doesn't work. If a company is too big to fail, it is too big to exist.

Mr. Gorbachev has apparently stumbled onto one of the best-kept secrets in recent Soviet history: Communism doesn't work.

How much more of an injustice is it that people who work get more money than people who don't work?

It's normal that countries work for their own benefit, political and economic.

For both Adam Smith and Karl Marx the essential work of caring for people, starting in early childhood, was "just women's work" - and in their minds not even classified as "productive work."

The value of a thing is the amount of laboring or work that its possession will save the possessor.