Quotes About Economics

La mala salud causa pobreza y la pobreza contribuye a empeorar la salud

The rich world dominates the training of Ph.D. economists, and the students of rich-world Ph.D. programs dominate the international institutions like the International Monetary Fund (IMF) and the World Bank, which have the lead in advising poor countries on how to break out of poverty.

The big advantage that the Mongols had over previous empire builders is that they themselves had nothing in the way of deeply ingrained ideas of politics, economics, or culture to spread abroad.

To our benefit, death isn't affected by an economic failure, and it never takes a holiday. In addition, a bereaved rich man is easier to con than a poor one in the same condition. A poor man, straightaway, understands death to be inevitable, but it takes a rich man some time to see that the end can't be circumvented with the application of enough collateral.

most mergers—some estimates are 70 percent or more—fail to deliver their intended benefits and destroy economic value in the process. A recent analysis of 93 studies covering more than 200,000 mergers published in peer-reviewed journals showed that, on average, the negative effects of a merger on shareholder value become evident less than a month after a merger is announced and persist thereafter.2

Free markets are the real people's revolution.

There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world's smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.

Ultimately, all arguments against markets are arguments against anarchy. Marx understood this much, at least.

Recall that the minimum wage was initially conceived as a method to exclude undesirables from the workforce.

Love is for the middle class," Fellows said. "The poor can't afford it, and neither can the rich.

Crime is naught but misdirected energy. So long as every institution of today, economic, political, social, and moral, conspires to misdirect human energy into wrong channels; so long as most people are out of place doing the things they hate to do, living a life they loathe to live, crime will be inevitable, and all the laws on the statutes can only increase, but never do away with, crime.

The greatest bulwark of capitalism is militarism.

Politics is the reflex of the business and industrial world, the mottos of which are: "To take is more blessed than to give"; "buy cheap and sell dear"; "one soiled hand washes the other.

El anarquismo [...] defiende la acción directa, el rechazo y la resistencia frente a las leyes y las restricciones económicas, sociales y morales. Aunque el rechazo y la resistencia sean ilegales. En ello descansa la salvación del ser humano. Todo lo ilegal necesita de la integridad, de la independencia y el coraje.

If free enterprise becomes a proselytizing holy cause, it will be a sign that its workability and advantages have ceased to be self-evident.

Any marked improvement in economic conditions would almost certainly activate the tradition of freedom which is a tradition of revolt. In Russia, as pointed out in Section 45, the individual who pitted himself against Stalin had nothing to identify himself with, and his capacity to resist coercion was nil. But in a traditionally free country the individual who pits himself against coercion does not feel an isolated human atom but one of a mighty race—his rebellious ancestors. 122

No doubt the British saw themselves fighting for liberty against tyranny; but in 1815 most Englishmen were probably poorer and worse off than they had been in 1800, while most Frenchmen were almost certainly better off; nor had any except the still negligible wage-labourers lost the substantial economic benefits of the Revolution

Si estas décadas demostraron algo, fue que el principal problema del mundo, y por su puesto del mundo desarrollado, no era cómo multiplicar la riqueza de las naciones, sino cómo distribuirla en beneficio de sus habitantes

One historian has described the federal government's 1950s highway-building binge as a case study in "interstate socialism"—

We found very little correlation between turnover and profitability...

Capitalism puts things (capital) higher than life (labor). Power follows from possession, not from activity.

Interestingly, single women were prominent amongst rentiers, investors and money lenders, suggesting that wealthier women had long found trade an unappetizing option. 11

In my view the imposing tower of misery which today rests on the heart of India has its sole foundation in the absence of education. Caste divisions, religious conflicts, aversion to work, precarious economic conditions – all centre on this single factor.

So the much criticized food subsidy and employment guarantee for the poor and the unemployed cost about 1.14 per cent of GDP, whereas the cost of subsidizing electricity, fuel and fertilizers for the relatively better off is minimally 2.63 per cent, more than twice what is allocated to feed the poor and provide employment to the unemployed.