Quotes About Economics

Unaimed opulence, in general, is a roundabout, undependable, and wasteful way of improving the living standards of the poor.

Commerce, n. A kind of transaction in which A plunders from B the goods of C, and for compensation B picks the pocket of D of money belonging to E.

Coolidge believed higher taxes were wrong because they took away from men money that was their property; he believed lower rates were good precisely because they encouraged enterprise, but also because they brought less money. Low rates starved the government beast.

Why is there a struggle between capital and labor?

Supply creates its own demand," the classical economist Jean-Baptiste Say

Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital... the natural world and properly functioning societies. No sensible capitalist would do that.

I once met an economist who believed that everything was fungible for money, so I suggested he enclose himself in a large bell-jar with as much money as he wanted and see how long he lasted.

True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.) The country had a leader. Hired girls had

All we know about economics is that we do not know something

Democracy in the market does not need ballot boxes.

economics is a difficult art, so we must not treat it as the rest arts

economist can be a political scientist, but the opposite is difficult for political scientists

Mr. Friedman will convince you about anything he want, even if that's ridiculous. he was a really smart economist

The Friedman's ideas played an essential part in my life

The government won't say it's producing rents it's going to say it's doing philanthropy

La paix universelle se réalisera un jour non parce que les hommes deviendront meilleurs mais parce qu'un nouvel ordre, une science nouvelle, de nouvelles nécessités économiques leur imposeront l'état pacifique.

The same economic relationship is at work underground, where low-density land-use patterns require greater lengths of pipe and conduit to distribute municipal services. This high ratio of public to private expenditure helps explain why suburban municipalities are finding that new growth fails to pay for itself at acceptable levels of taxation.

Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities of extra-European countries in the European, not to say world, process of accumulation and development. Moreover, they disregard the part that these productive and exchange relations played in the developing world system.

I am confident that future historical research will confirm that the expansion of the capitalist system over the past century has effectively and entirely penetrated even the apparently most isolated sectors of the underdeveloped world.

markup of 40% results in a price of $61,705. You could reasonably establish a price anywhere within that range.

For the moment, Mr. Fontanelli, your trillion is nothing but a pile of money that's lying around uselessly. But if you use it to gain economic influence, you may be able to force the world to change!

1790: Mayer Amschel Rothschild states, "Let me issue and control a nation's money and I care not who writes the laws.

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist."3

This growing global mobility of capital, then, is coupled with the fact that outstanding individuals of all types, whether they are from a small village in India with only dirt roads or from a privileged background in London, are being sought out by companies and organizations and asked to relocate—often to the United States, which is still the world's strongest economic engine.