Quotes About Economics

The Company's ever-growing Indian empire could not have been achieved without the political and economic support of regional power groups and local communities. The

in 1770–71, at the height of the Bengal famine, an astounding £1,086,255 was transferred to London by Company executives – perhaps £100 million in modern currency.27

as Edmund Burke famously put it, 'a state in the guise of a merchant'.

Any factor that breeds polarization will worsen policy, and thus cause lower growth.

The wonder of markets is that they reconcile the choices of myriad individuals.

Back in the thirties we were told we must collectivize the nation because the people were so poor. Now we are told we must collectivize the nation because the people are so rich.

Time is money, but also money is money.

I believe that economists put decimal points in their forecasts to show they have a sense of humor.

The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.

Capital is only formed by self-denial, and

I know that the economists who say that if we could transmute lead into gold, it would certainly do us no good and might do great harm, are still regarded as unworthy of belief. Do

We cannot now stir a step in our life without capital. We cannot build a school, a hospital, a church, or employ a missionary society, without capital, any more than we could build a palace or a factory without capital. We

There is no injunction, no "ought" in political economy at all. It

Social improvement is not to be won by direct effort. It is secondary, and results from physical or economic improvements. That

We have an instance right at hand. The Negroes, once slaves in the United States, used to be assured care, medicine, and support; but they spent their efforts, and other men took the products. They

the State cannot get a cent for any man without taking it from some other man, and this latter must be a man who has produced and saved it. This latter is the Forgotten Man.

Every bit of capital, therefore, which is given to a shiftless and inefficient member of society, who makes no return for it, is diverted from a reproductive use; but

Asked about China, he marvels at its economic transformation, but laments that too many Chinese "like to gamble, and they actually believe in luck. Now, that is stupid. What you don't want to believe in is luck. You want to believe in odds.

Sprawl is bad aesthetics; it is bad economics. Five acres are being made to do the work of one, and do it very poorly.

All the measures of the Government are directed to the purpose of making the rich richer and the poor poorer.

The primary function of financial capitalism is to efficiently funnel money from those with an excess of it to those who need it.

Our urge to trade has profoundly affected the trajectory of the human species. Simply by allowing nations to concentrate on producing those things that their geographic, climatic, and intellectual endowments best enable them to do, and to exchange those goods for what is best produced elsewhere, trade has directly propelled our global prosperity.

Although the Muslim commercial web possessed many advanced features, including bills of exchange, sophisticated lending institutions, and futures markets, no Islamic state ever established the bedrock financial institution of the modern world: a national or central bank

The forces that drove Britain and the United States to control the world's shipping lanes in the nineteenth and twentieth centuries, respectively, first saw light of day in Greece's need to feed itself with imported wheat and barley.