Quotes About Economics

After he wrote The Paradox of Choice, Schwartz got fervent amens from European governments as well as individual readers for insisting that the management of your focus has become one of decision-laden modernity's major challenges. Many behavioral economists and social psychologists also share his concern about what he calls "the consequences of mis-attention.

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

We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

Kenneth Boulding's bon mot, 'To believe that the economy can grow forever in a finite world, you have to be a madman or an economist'.

But while capitalism may be a convenient scapegoat, it did not cause any of these problems. Indeed, whatever one wishes to call the unruly mixture of freedom and government controls that made up our economic and political system during the last three decades, one cannot call it capitalism.

For capitalism to develop, customary ties between people and the land must be severed, and communal obligations among people disrupted.

many currently profitable conventional farming methods would become uneconomical if their true costs were incorporated into market pricing. Direct financial subsidies, and failure to include costs of depleting soil fertility and exporting pollutants, continue to encourage practices that degrade the land

There is no way of keeping profits up but by keeping wages down.

There can be no rise in the value of labour without a fall of profits.

After all the fertile land in the immediate neighbourhood of the first settlers were cultivated, if capital and population increased, more food would be required, and it could only be procured from land not so advantageously situated.

The diminution of money in one country, and its increase in another, do not operate on the price of one commodity only, but on the prices of all.

Who needs whom, why, and how much? The answer is important for determining the pricing structure and whether to subsidize one group or another. Suppose

On a map of the world in terms of product or income per head, the rich countries lie in the temperate zones, particularly in the northern hemisphere; the poor countries, in the tropics and semitropics.

Vilfredo Pareto's original study in 1906 found that 80% of the land in Italy was owned by 20% of the population.

He also found out that 20% of people enjoyed 80% of the money.

These are forms of speculation, which project that land and property prices will increase based on the assumption that demand will increase in the future.

Good investments can be purchased at prices that generate high returns adjusted for inflation.

The complexities of national deficits, trade failures, budget gaps, negotiations to end the nuclear arms race, the crises of the Middle East, all these cannot be understood by giving the facts alone. The public needs appropriate historical background and clarification. People who are not taught much geography, history, economics, and physics simply cannot reach reasonable conclusions without help from specialists. This is not elitism, it is something far more important; it is called education.

Virtually all of the extremely important services that nature provides are completely ignored by conventional economics. The ozone layer, for example, shields all life from DNA-damaging ultraviolet radiation.

If one man in the country could take all the money, what was the use of passing any bills about it?

The test for aid to poor nations is therefore whether it makes them capable of being productive. If it fails to do so, it is likely to make them even poorer in the not so very long run.

You Don't Need A Weatherman To Know Which Way The Money Flows

mcMarxism: rich liberals using a perverted form of socialism to deliver the gullible into the claws of a corporatocracy

An item is only worth what someone is willing to pay for it