Quotes About Economics

Well, that's what the consumer wants, and we're not putting a gun to their head to eat it. That's what they want. If we give them less, they'll buy less, and the competitor will get our market. So you're sort of trapped.

As demonstrated in Russia and numerous other countries, when faced with a choice between democracy without capitalism or capitalism without democracy, Western elites unhesitatingly embrace the latter.

If he was dismissed and despised by the local folk in life, the economics of his immorality have called for his complete resurrection.

It was the Frisians who reinvented useful money, and taught their ideas to the Franks under Charlemagne.

This economic arrangement worked only because their lives were so oriented toward the group that they didn't even consider their possessions their own but "had everything in common" (Acts 4: 32 ESV). While this probably didn't mean a one-time divestment of every single piece of individual property into a common fund, it absolutely meant people sold land and houses to share with the group.

From 1968 to 2001, US per capita incomes doubled. During that same time, the average church member's giving fell from 3.10 percent to 2.66 percent of their total income.

Conant was concerned that the "particular functions" that might be assigned to young people would be dictated by the economic conditions of their families, and that over the generations this would result in ever-greater economic inequality. Such inequality would make it increasingly difficult for citizens to believe they had a "joint culture," and it would make the country more vulnerable to social unrest based on class division.

Fines register moral disapproval, whereas fees are simply prices that imply no moral judgment.

Most of our political debates today are conducted in these terms—between those who favour unfettered markets and those who maintain that market choices are free only when they're made on a level playing field, only when the basic terms of social cooperation are fair.

Capitalism always draws from the cheap labor pool; the profit is greater when the expense is limited

Religion will tell you that some people have 'grace' while economics will probably attribute it to some forces of demand and supply. The reality is that it is possible that everyone lives a life of comfort but there are 2 reasons why this will never be the reality; Firstly, humans are typically greedy and secondly, because not everyone will be committed to the process of being successful.

The pie is increasing in size, so everyone gets a bigger slice, but when the rich's already bigger slice increases in size, the relative amount of wealth accumulates more on the upper end, making the incomes of those in the middle and bottom feel smaller.

Behavioural economists have demonstrated experimentally that in order to get someone to take a gamble or to risk an investment, the potential pay-off must be about twice the potential loss. To get a person to toss a coin to win or lose $10 (students), or $10,000 (wealthy executives), the pay-off has to be greater than or equal to $20, or $20,000.

How is it possible that we should need money to live on a planet that we were born on? Like many others before me I realised that we are born into pure slavery.

Price makes news, not the other way around. A market is going to go where a market is going to go.

Come here and look out this window. You see that contraption down there?" Frank pointed at an automobile sputtering down the street. "I think people are going to buy quite a few of these new buggies and they need gasoline to make 'em go. It may be the thing of the future. There might only be a few gas wagons now, but someday there will be millions of the things. Oil is only twenty-eight cents a barrel right now. But what will it be in ten years?

China's everything. Nothing else matters. We don't get China right, we don't get anything right. This whole thing is very simple. China is where Nazi Germany was in 1929 to 1930. The Chinese, like the Germans, are the most rational people in the world, until they're not. And they're gonna flip like Germany in the thirties. You're going to have a hypernationalist state, and once that happens you can't put the genie back in the bottle.

Government cannot make man richer, but it can make him poorer." —Ludwig Von Mises

Government cannot make man richer, but it can make him poorer." —Ludwig Von Mises

there is nothing less heroic than the mutual embrace of capitalism and democracy.

Capitalism is neither a person nor an institution. It neither wills nor chooses. It is a logic at work through a mode of production: a blind, obstinate logic of accumulation.

Les 5 règles de la propagande de guerre : Cacher l'histoire, cacher les intérêts économiques, diaboliser l'adversaire, blanchir nos gouvernements et leurs protégés, monopoliser l'info, exclure le vrai débat.

De todos los sistemas económicos y sociales el capitalismo es, sin duda, el más natural. Eso ya basta para indicar que es el peor.

Le capitalisme exploite. Et le capitalisme exploite les gens de couleur. Comme il exploite les hommes. Ou comme il exploite les femmes.