Quotes About Economics

As director of the German Credit and Investment Corporation of New Jersey, he specialized in U.S. investments in Hitler-era Germany. After the war, Draper was to become U.S. economics chief in occupied Germany.

Hackworth focused on what had long been the most active aspect of international law, the impact of war on commercial relations.

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of socialism is the equal sharing of misery.

What made women's labour particularly attractive to the capitalists was not only its lower price but also the greater submissiveness of women.

Women know what men have long forgotten. The ultimate economic and spiritual unit of any civilization is still the family.

The first great cause of crime is poverty, and we will never cure crime until we get rid of poverty.

Jesus did not want to be economically vulnerable. He wanted to be poor so that he could make his decisions clearly without any distortion of vision. Because Jesus wanted to see clearly, because he didn't want to be vulnerable, and because he wanted to deal justly and to walk humbly with his God, he was a pauper.

Money attracts money like a magnet. It doesn't trickle down. It is sucked up.

Economics is how people utilize available resources and save the economy from overspending. Ergonomics is how people electrocute themselves in spending and abuse the economy by overusing available resources.

the failed states in Latin America needed double-entry bookkeeping more than they needed any ideology,

socialism had somehow made time more flexible. There were often situations when 1 PM and 5 PM were interchangeable.

Even though I didn't get a business degree, I enjoyed learning about economics.

In essence our failure was a vivid demonstration, which I have never forgotten, that theories, however plausible and "obviously" valid, can be destroyed totally by the obstinate facts of the real world. Davis had brought us an unbeatable scheme for raising cattle profitably. The cattle had a different scheme. No doubt my later deep skepticism of the a priorism of mainstream economics had some of its origins in this experience.

If science is to encompass these objects and phenomena in which human purpose as well as natural law are embodied, it must have means for relating these two disparate components. The character of these means and their implications for certain areas of knowledge economics, psychology, and design in particular are the central concern of this book.

Blessed are the young, for they will inherit the national debt.

The economic theorists' overvaluation of rigor is a symptom of their undervaluation of explanatory power.

Blessed are the young, for they shall inherit the national debt.

Advertising is not a luxury nor a debatable policy.

We do not commonly see in a tax a diminution of freedom, and yet it clearly is one.

Chocolate knows no boundaries; speaks all languages; comes in all sizes; is woven through many cultures and disciplines ... it impacts mood, health, and economics, and it is a part of our lives from early childhood through the elderly years.

We are running this planet like a business in liquidation.

There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.

Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of additional growth in rich countries, such as global warming, biodiversity loss and roadways choked with cars, now likely exceed marginal benefits of a little extra consumption. The end result is that promoting further economic growth makes us poorer, not richer.

Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied so often cannot be entirely dead.