Quotes About Economics

as a utility served more customers, it would become more efficient, allowing it to cut the cost of power further and in turn attract even more customers.

Technology shapes economics, and economics shapes society.

Women's empowerment helps raise economic productivity and reduce infant mortality. It contributes to improved health and nutrition. It increases the chances of education for the next generation.

The problem is that capitalists typically don't know how to divide the pie well and socialists typically don't know how to grow it well.

The philosophy was nationalization, centralization, control, regulation. Now this had to end.

determined to prove that there were no simple solutions to intractable economic problems, and came to believe that those who advocated large-scale public spending programs to cure unemployment were inviting not just uncontrollable inflation but political tyranny.

Most of what needs to be changed in the euro zone can be done without treaty changes. The demand for treaty change is as political as it is legal and I don't think it's going to happen soon.

The legacy of Democrats and Republicans approaches: Libertarianism by bankruptcy.

Money shouldn't frighten people. It's a tool. A very versatile one.

Without economic concerns the fool dies from boredom.

If one only aspires to provide a growing number of persons with a growing number of goods, without worrying about the quality of the persons, or of the goods, then capitalism is the perfect solution.

We disapprove of capitalism not because it promotes inequality, but because it favors the rise of inferior human types.

Marxists define the bourgeoisie in economic terms in order to hide from us the fact that they belong to it.

Capitalism is the monstrous distortion of private property by liberal democracy.

What concerns the Christ of the Gospels is not the economic situation of the poor man, but the moral condition of the rich man.

Economists are surgeons who operate beautifully on the dead and torment the living.

It's disrespectful to tell the French in the morning that you're going to reduce the debt, in the evening that you're not going to make any savings, and the next morning, after thinking about it, that you're going to spend more.

How come there's only one Monopolies Commission?

Marx's main interest was in economic relationships since in his view they shape everything that we are and can become.

Society cannot leap into Communism from capitalism without going through a socialist stage of development.

The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.

La pauvreté extrême en Chine est évaluée à moins de 1%. Plus de Chinois sont propriétaires de leur logement que tout autre peuple.

The bottom line, says Rodrik, is that freer immigration has a much more positive net impact on global domestic product than liberalizing trade, movements of capital, or financial services.

According to standard economic theory, free trade helps global welfare. The same is true for free trade in people, via open-border immigration policies.