Quotes About Economics

Socialism is nothing but the capitalism of the lower classes.

When the Englishman speaks of national wealth he means the number of millionaires in the country.

Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.

finances are even stranger. Funded

we have a bit of self-interest in relieving the misery of others. One school of modern economic theory, following Hobbes, argues that people give to charities in part because of the pleasure they get from imagining either the relief of those they benefit or their own relief from alleviating their sympathetic distress.

One thing that never changes—and business owners should always remember this—is that a business cannot last without making a profit.

Getty's 55-cent-a-barrel royalty to the Saudis loomed over Aminoil's 35-cent royalty to Kuwait, the roughly 33-cent royalty that Aramco had just been compelled to pay the Saudis—and far overshadowed the 16½ cents that Anglo-Iranian and the Iraq Petroleum Company were paying in Iran and Iraq respectively, as well as the 15-cent royalty that the Kuwait Oil Company was paying.

Energy transitions are not new. They have been going on for a long time and unfold over time. Previous energy transitions have primarily been driven by technology, economics, environmental considerations, and convenience and ease. The current one has politics, policy, and activism more mixed in.

Economists who have studied the relationship between education and economic growth confirm what common sense suggests: The number of college degrees is not nearly as important as how well students develop cognitive skills, such as critical thinking and problem-solving ability.

They say love is more important than money…Have you tried paying your bills with a hug?

We live in an age when it is cheaper to buy the rights to movies than to make them.

Carli Fiorina thinks the answer for Social Security and Medicare is...zero-based budgeting! Christ. People of a certain age are all banging their heads on the table right now.

Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty.

Wind is one of the greatest scams of the modern age.

It is not alone that property, in all its forms, is struck at, but that liberty, in all its forms, is challenged by the fundamental conceptions of socialism.

Except to the insane narrow-mindedness of industrial economics, selfishness does not pay.

When the industrial colonialists and the politicians agree to sacrifice a region to a single economic goal, they inevitably sacrifice the people as well.

If the people in our state and national governments undertook to evaluate economic enterprises by the standards of long-term economics, they would have to employ their minds in actual thinking. For many of them, this would be a shattering experience, something altogether new, but it would also cause them to learn things and do things that would improve the lives of their constituents.

It is impossible not to notice how little the proponents of the ideal of competition have to say about honesty, which is the fundamental economic virtue, and how very little they have to say about community, compassion, and mutual help.

The old complex life, at once economic and social, was fairly coherent and self-sustaining because each community was focused upon its own local countryside and upon its own people, their needs, and their work. That life is now almost entirely gone. It has been replaced by the dispersed lives of dispersed individuals, commuting and consuming, scattering in every direction every morning, returning at night only to their screens and carryout meals.

I find all of them beautiful, the plump and the pudgy, the slim and the muscular, those who stand like solid tree trunks, the tiny ones who move like ping-pong balls, lovely, amusing, and brilliant. Although most of them are illiterate, they've always been mistresses of microeconomics with their balls and burlap and other mutual aid fundraising.

It is not the race that makes the civilization, it is the civilization that makes the people: circumstances geographical, economic, and political create a culture, and the culture creates a human type.

Even when repressed, inequality grows; only the man who is below the average in economic ability desires equality; those who are conscious of superior ability desire freedom, and in the end superior ability has its way.

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation.