Quotes About Economics

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

Capitalism is, fundamentally, an economic system that promotes inequality.

I am a conservative Republican, a firm believer in free market capitalism. A free market system allows all parties to compete, which ensures the best and most competitive project emerges, and ensures a fair, democratic process.

Capitalism is a stupid system, a backward system.

We're still expecting capitalism to solve problems: 'Maybe if we sell enough oil, we can give some profits to an environmental agency!' Capitalism isn't a moral system.

With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.

There are a few people, but a diminishing number, who still believe that Marxism, as an economic system, off era a coherent alternative to capitalism, and socialism has, indeed, triumphed in one country.

The system has for its object an increase of persons that are to intervene between the producer and the consumer, living on the product of the land and labour of others, diminishing the power of the first, and increasing the number of the last.

As members of a social species endowed with large brains, we are natural-born marketers. Capitalism, the economic system that has elevated innumerable people out of abject poverty and misery, is founded on marketing. Everything that defines your daily existence has the indelible marks of marketing on it.

Systematic social and environmental deregulation, and the economics of austerity while enriching the rich, will be the markers of Farage/Tory politics after Brexit. Singapore-on-Sea for the rich; degradation for the rest.

From a systematic standpoint, I think that capitalism is the best system. I can spend a lot of time explaining why I like communism, but it is actually not a good solution. Nor is socialism. So, capitalism is the right model.

that the failure of governments is due to the pressure of economic interest upon them rather than to the "limited capacities of human wisdom.

It is the nature of a business community that it deals with the covert forms of power in economic life and to be insensible to the significance and the complexity of more overt forms of power, even as it is insensible to the motive of the lust for power as an element in human nature.

le fait d'accorder une importance prépondérante aux considérations d'ordre économiques, qui est un caractère très frappant de notre époque, peut être regardé comme un signe de la domination des Vaishyas, dont l'équivalent approximatif est représenté dans le monde occidental par la bourgeoisie ; et c'est bien celle-ci qui domine en effet depuis la Révolution.

you've got to earn more than the current combined rate of inflation and taxes in order for your money to grow in real terms.

A hotel mini bar allows you to see what a can of Pepsi will cost in twenty years.

There are no risk-free investments after taxes and inflation.

To put it sharply, reducing the cost of moving goods while the cost of moving ideas remained high was the root cause of the "Great Divergence.

the chapter explains the three-cascading-constraints perspective by walking through, in sequence, the situation where all three constraints were binding (before 1820), the situation where only two were binding (up to 1990), and finally, today's situation where only one is binding.

Given the high cost of moving ideas, the resulting spatial dispersion of production dampened innovation—both on the demand side and supply side.

One of the most important axioms is that as the quantity of any commodity, for instance plain food, which a man has to consume increases, so the utility or benefit from the last portion used decreases in degree.

Capitalism – which in its purest form is entrepreneurism even among the poorest of the poor – does work; but those who make money from it should put back into society, not just sit on it as if they are hatching eggs.

We as economic society are going to have to pay our whole population to go to school and pay it to stay at school.

Capitalism, Marx said, never went beyond those economic models where a few dominate a majority. Capitalism just replaced the dichotomies of master/slave and lord/serf with a new one. A dominating and exploiting minority was still there, but it had a new name: employers.