Quotes About Economics

For people who are at the bottom economically, the world is becoming a harder and harder place. And yet the incentives to become rich are so great because enormous amounts of wealth are being accumulated. And so those two things, that carrot and stick, are beating people along this trajectory of trying desperately to move up in the world.

My God, I don't know anyone who likes to accumulate their wealth more than the Europeans.

Capitalism has proven to be the only system that works, but the problem with capitalism is that extreme wealth ends up in the hands of a few people.

Disciples of Keynes, who focus on aggregate demand, view any increase in household wealth as raising employment because they say it adds to consumer demand.

While capitalist countries have more inequality - they also have more wealth overall.

It's morally wrong, and economically self-defeating, that so much wealth flows upwards towards the richest of Americans, while millions work full time but still can't provide for their families.

I used to work for an SOE. The wealth I created didn't belong to me. In other words, I was only managing money for the country and the people.

Furthermore, there is no good ethical or economic reason for asking workmen and current producers to forego all economic gain in order to increase the purchasing power of all the wealth accumulated in past years.

The key to wealth is not what we earn. It is in what is spent on us.

There is no doubt that as an economy grows in a great way like India has, that you have to step back and change your tax systems, because you start to get more disparities of wealth.

With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.

That's the problem with very high taxes - they don't redistribute wealth; they redistribute people.

Until we can democratically control the wealth that is created from our labor, there isn't real democracy.

One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.

It has a sound and rational circulating medium, a real and definite representative of wealth.

No matter how we name and dissect inequality, we must keep explaining the larger downside of such concentrated extreme wealth.

The circulating medium being issued only by those who labor, they would suddenly become invested with all the wealth and all the power; and those who did not labor, be they ever so rich now, would as suddenly become poor and powerless.

We need to have the social investments by which to quote unquote distribute some of that wealth.

The first, or theoretic branch, that which explains the nature, production, and distribution of wealth, will be found to rest on a very few general propositions, which are the result of observation, or consciousness.

Rather than improving the wealth of their own nation, the Mexican government encourages its poor to come to the U.S. and send money home.

That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production.

We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.

I think that something is fundamentally wrong if a person of his great wealth is only paying 13.9 percent effective tax rate and most of Americans are paying 28, 30 percent and they make far less.

The truth is, however rich people get, they hate paying tax. Some live abroad for a year, or years at a time just to avoid it. Bizarre really - desperate economic migrants are driven to leave their homeland because of poverty; tax exiles are driven overseas by their wealth.