Quotes About Economics

Allí donde la vida se configura como una perpetua lucha por la obtención de dinero, el hombre acaba, de facto, transformado en un bien más del sistema de la propiedad

Transformando a los hombres en mercancías y dinero, este perverso mecanismo económico ha dado vida a un monstruo, sin patria y sin piedad, que acabará negando también a las futuras generaciones toda forma de esperanza.

What's really driving so-called big data isn't the volume of information. It turns out big data doesn't have to be all that big. Rather, it's about a reconsideration of the fundamental economics of analyzing data.

cities?" she asked. "Bound to be if Olivar succeeds. This country is going to be parceled out as a source of cheap labor and cheap land. When people like those in Olivar beg to sell themselves, our surviving cities are bound to wind up the economic colonies of whoever can afford to buy them.

There can be a "boom" in petroleum or wheat, but there can't be a boom in the novel and less still in poetry.

why contractual incompleteness matters. The reason is that the renegotiation process imposes several costs. Some of these are ex post costs, incurred at the renegotiation stage itself, and others are ex ante costs, incurred in anticipation of renegotiation.

Let the capitalists do their own fighting and furnish their own corpses and there will never be another war on the face of the earth.

Any tax is a discouragement and therefore a regulation so far as it goes.

What we object to is the division of society into two classes, of which one class owns the capital, and the other performs the labor.

Free society's organize around the "invisible hand" while Force society's organize around the State's "visible fist.

New Golden Rule of Fractional Reserve Banking: He who creates the "fool's gold" controls the fools.

A limited state with free economic systems is the soil where the liberty tree blossoms.

A science which is postulated on the assumption that human beings are avaricious through all eternity is utterly devoid of point (whether in problems of distribution or any other aspect) to a person who is not avaricious.

Greed did not cover it, nor did vanity. Nor was it simply a combination of lust and greed. I wasn't sure what it was, but I felt that there was something inexplicable at the bottom of human society which was not reducible to economics.

Save to invest, don't save to save.

True capitalism can seem a lot like Nazism.

the facts of economic life cannot be comprehensively described in terms of statistics.

Time was when I could come home from my travels with many pretty old things stowed away among my shirts and socks. But that was long ago, before the German troubled the world, before we fell to turning every penny twice over, before the tax collector claimed the third rasher of bacon on the dish. Also it seems that the pretty old things grow rare as eggs of the great auk and hard to find.

Communism is a hatred of the poor for the rich—not simply an envy.

If the exchange rate is a matter of pride, Japan should be only half as proud as India (120 yen to a dollar) and China ten times more (6.2 yuan to a dollar)! My

You can't get rid of poverty by giving people money.

If government were a product, selling it would be illegal.

The multinational corporations now developing budgets often bigger than medium-sized countries — these live in a global space which is largely unregulated, not subject to the rule of law, and in which people may act free of constraint.

As Keynes wrote, with devastating understatement, 'The age of economic internationalism was not particularly successful in avoiding war.