Quotes About Economics

What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

The redistribution of wealth creates dependence on the people to whom it is redistributed, it doesn't incentivize them to create their own wealth.

Poorly paid labor is inefficient labor, the world over.

Nothing can have value without being an object of utility.

This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.

People think the free market is a philosophy, they think that it is a creed. It is none of those things. Free market is a bathroom scale, it is a measuring tape, it's simply a measurement.

The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the citizen for his civic functions in community life.

If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.

There is no difference in principle, ... between the economic philosophy of Nazism, socialism, communism, and fascism and that of the American welfare state and regulated economy.

Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive for wealth.

My philosophy is that you sell things for more than you bought them.

Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don't like going back to ordinary language and first principles.

the euro, it seems, is stuck in a political no man's land – trapped between two opposing world views. And the battleground is not economics, but ethics.

Arguing that the only problem with a free market is lack of competition, is like arguing that that the only problem with prostitution is that there aren't enough pimps.

Give me a one-handed Economist. All my economists say 'on hand...', then 'but on the other...

It's not that we are poor because we are uneducated, unemployed nor unqualified, we just have have a buying mentality instead of a selling mentality

Fascism is capitalism in decay.

If socialists understood economics, they wouldn't be socialist.

Freedom in capitalist society always remains about the same as it was in ancient Greek republics: Freedom for slave owners.

You don't make the poor richer by making the rich poorer.

The best way to put more money in people's wallets is to leave it there in the first place.

What the people here have said is that given the enormous crises facing our country, it is just too late for the same old, same old establishment politics and establishment economics.

The Republicans believe in the minimum wage -- the more the minimum, the better.

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.