Quotes About Economics

The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency.

What is bought is cheaper than a gift.

Capital dictates the fate of humanity.

Pranab Mukherjee

The proposal to introduce GST was first mooted by P. Chidambaram in his budget speech of 2006

When politics and home life have become one and the same, when economic problems have been solved in such a way that individual and collective interests are identical – all constraints having disappeared – it is evident that we will be in a state of total liverty or anarchy.

A moneyless man goes fast through the market

Misers' money goes twice to market.

There are more foolish buyers than foolish sellers.

Everything is worth what its purchaser will pay for it.

Money alone sets all the world in motion.

Nine-tenths of the great fortunes made in the United States are (as Henry George has shown in his Social Problems) the result of knavery on a large scale, assisted by the state.

If all the men and women in the countryside had their daily bread assured, and their daily needs already satisfied, who would work for our capitalist at a wage of half a crown a day, while the commodities one produces in a day sell in the market for a crown or more?

But capital goes wherever there are men, poor enough to be exploited.

It is often hard for an irreligious age to recognize that religion has in fact been capable of dividing men as effectually as political doctrine or economic status, but unless the fact is recognized the history of the Middle Ages will remain a meaningless labyrinth

The politician dispenses wealth which other men have produced, and we say he is "compassionate," while the businessman who produces the wealth is dismissed as "greedy" and "materialistic.

The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches.

Chet Edwards votes for every bailout and against ending any bailout!

Bankruptcy exposes the economic vulnerability and insecurity of middle class women.

Those who believe that health is a commodity, on par with cars or computers, fail to grasp the basic economic lesson that health is very vulnerable to exposure to the markets, not least due to the profound asymmetries in power between the providers and consumers.

You can't base an industry solely on one person. That's a very vulnerable business strategy.

When people are economically or socially dislocated, they are always more vulnerable to being radicalized.

No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty.

The minimum wage should be a living wage.