Best 931 of Economics quotes - MyQuotes
We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.
For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.
The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.
I don't care very much for the People Magazine approach to applied economics.
It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation Administration. It was Henry Ford who ended the isolation of millions of Americans by making the automobile affordable, not Ralph Nader. Those who have helped the poor the most have not been those who have gone around loudly expressing 'compassion' for the poor, but those who found ways to make industry more productive and distribution more efficient, so that the poor of today can afford things that the affluent of yesterday could only dream about.
Lailah Gifty Akita
Money can cloud your vision. Sometimes, God takes away the money and uses times of adversity to refine us like gold.
Iain M. Banks
Now, quite apart from the fact that, from the point of view of the Earther, socialism suffers the devastating liability of only exhibiting internal contradictions when you are trying to use it as an adjunct to your own stupidity (unlike capitalism, which again, from the point of view of the Earther, happily has them built in from the start), it is the case that because Free Enterprise got there first and set up the house rules, it will always stay at least one kick ahead of its rivals.
Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.
The desire for economic prosperity is itself not culturally determined but almost universally shared
The 9/11 Commission warned that Al Qaeda "could... scheme to wield weapons of unprecedented destructive power in the largest cities of the United States." Future attacks could impose enormous costs on the entire economy. Having used up the surplus that the country enjoyed as part of the Cold War peace dividend, the U.S. government is in a weakened financial position to respond to another major terrorist attack, and its position will be damaged further by the large budget gaps and growing dependence on foreign capital projected for the future. As the historian Paul Kennedy wrote in his book The Rise and Fall of Great Powers, too many decisions made in Washington today "bring merely short-term advantage but long-term disadvantage." The absence of a sound, long-term financial strategy could bring about a deterioration that, in his words, "leads to the downward spiral of slower growth, heavier taxes, deepening domestic splits over spending priorities and a weakening capacity to bear the burdens of defense." Decades of success in mobilizing enormous sums of money to fight large wars and meet other government needs have led Americans to believe that ample funds will be readily available in the event of a future war, terrorist attack, or other emergency. But that can no longer be assumed. Budget constraints could limit the availability or raise the cost of resources to deal with new emergencies. If government debt continues to pile up, deficits rise to stratospheric levels, and heave dependence on foreign capital grows, borrowing the money needed will be very costly. [Alexander] Hamilton understood the risks of such a precarious situation. After suffering through financial shortages, lack of adequate food and weapons, desertions, and collapsing morale during the Revolution, he considered the risk that the government would have difficulty in assembling funds to defend itself all too real. If America remains on its dangerous financial course, Hamilton's gift to the nation - the blessing of sound finances - will be squandered. The U.S. government had no higher obligation that to protect the security of its citizens. Doing so becomes increasingly difficult if its finances are unsound. While the nature of this new brand of warfare, the war on terrorism, remains uncharted, there is much to be gained if our leaders look to the experiences of the past for guidance in responding to the challenges of the future. The willingness of the American people and their leaders to ensure that the nation's finances remain sound in the face of these new challenges - sacrificing parochial interests for the common good - is the price we must pay to preserve the nation's security and thus the liberties that Hamilton and his generation bequeathed us.
Some places will, however, be left behind. Not every city will succeed, because not every city has been adept at adapting to the age of information, in which ideas are the ultimate creator of wealth.
Ludwig Von Mises
Economically considered, war and revolution are always bad business.
Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.
At times there's something so precise and mathematically chilling about nationalism. Build a dam to take away water AWAY from 40 million people. Build a dam to pretend to BRING water to 40 million people. Who are these gods that govern us? Is there no limit to their powers?
An environment of infinite economic expansion is unsustainable in a world of finite resources.
Writers are writing in every corner of the globe. Writers are writing, moreover, in rich countries and poor countries alike.
Instead of wasting his time in Frankfurt and Tokyo, the finance minster should focus on Indian housewives and help them balance their budgets by reducing inflation and the fiscal deficit. Unfortunately, our housewives do not have access to the Nashik note printing press like our FM. The solution to India’s problems lie inside, not in wooing FII and FDI inflows.
The vast majority of Americans, at all coordinates of the economic spectrum, consider themselves middle class; this is a deeply ingrained, distinctly American cognitive dissonance.
there's no money in extinction
The only true and sustainable prosperity is shared prosperity.
Measure what is important, don't make important what you can measure
He was explaining how capitalism is bad--and I could see he had a point, but at the same time, I got the feeling that socialism or communism, or whatever he's selling, is probably just as bad, and the problem is human beings can ruin anything, even if it's a good idea to begin with.
I think the very best attitude for anyone investing in the stock market is to make up his mind to lose money.” — The Duchess Gloriana XII
Chinese commentaries stress the opportunity that the investments and aid they offer presents to developing countries to avoid the hazards of reliance on Western dominated financial institutions: austerity programs that call for severe cuts in state-subsidized social welfare, deregulation of state-owned facilities, trade liberalization, and an open door for multinational corporation investment.
The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.
The restlessness of the American experience lends to money a greater power than it enjoys in less mobile societies. Not that money doesn't occupy a high place in England, India or the Soviet Union, but in those less liquid climate it doesn't work quite so many wonders and transformations. In the United States we are all parvenus, all seeking to become sombody else, and money pays the passage not only from the town to the next but also from one social class to another and from one incarnation of the self to something a little more in keeping with the season's fashion. The American ideal exists as a concept in motion, as a fugitive and ill-defined hope glimmering on a horizon. No coalition, no industry, no source of wealth lasts much longer than a generation, and nobody dies in the country in which he was born.
For anyone who thinks "profit" is evil, I have a challenge for you: try NOT to get any profit in the next week. Profit simply means increasing how much valuable stuff you have, and if you don't profit, you die. Literally. For example, don't buy any food for a week, because when you buy food (or anything), it's because you value the food MORE than you value the money you trade for it. If you didn't, you wouldn't make the trade. So you PROFIT (and so does the seller) every time you buy something. And every time you sell something, or work for money, etc. So before condemning "profit" (or "greed" or "selfishness," for that matter), see if you can survive without it. Then stop repeating vague collectivist BS, and learn to distinguish between "win/win" events (voluntary exchange) where BOTH sides profit, and "win/lose" events, where one side benefits by harming the other side. By the way, "government" is ALWAYS the latter.
Feminists know that if women are paid equal wages for equal work, women will gain sexual as well as economic independence. But feminists have refused to face the fact that in a woman-hating social system, women will never be paid equal wages. Men in all their institutions of power are sustained by the sex labor and sexual subordination of women. The sex labor of women must be maintained; and systematic low wages for sex-neutral work effectively force women to sell sex to survive. The economic system that pays women lower wages than it pays men actually punishes women for working outside marriage or prostitution, since women work hard for low wages and still must sell sex. The economic system that punishes women for working outside the bedroom by paying low wages contributes significantly to women's perception that the sexual serving of men is a necessary part of any woman's life: or how else could she live? Feminists appear to think that equal pay for equal work is a simple reform, whereas it no reform at all; it is revolution. Feminists have refused to face the fact that equal pay for equal work is impossible as long as men rule women, and right-wing women have refused to forget it.
Socialism and democracy are not identical, but they are simply different expressions of the same principle; they belong together, supplement each other, and one can never be incompatible with the other. Socialism without democracy is pseudo-socialism, just as democracy without socialism is pseudo-democracy. The democratic state is the only feasible form for a society organized on a socialist basis.
Rights" are something made up by governments to make you feel like you're buying something with your taxes.
All love is socioeconomic. It’s the gradients in status that make arousal possible.
All stakeholders must participate in the gains and losses of any particular situation.
Economic experts tell us that the women of America spend 80 per cent of the national income, and the largest part of this expenditure is made for the necessities and the small luxuries of life.
Truly environmentalism has displaced economics as the dismal science.
[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.
My undergraduate work was in computer science and economics. It just happened to be at that time when 34 percent of computer-science majors were women. We didn't realize it was at the peak at the time.
It [economics] facilitates our understanding of the well-being of societies and the challenges they face; it explains many of the daily interactions between individuals, companies and governments, and it offers a guide to understanding political and social trends that are shaping our world.
My sponsor is an ex-Navy guy. Buys me lunch on Christmas. I tell him, as long as I am drinking and I have money, things seem to be going well. Now, you just replace “am drinking” with “have oil” there you have the U.S. economy. When I don’t drink for a while… I get a little depressed and anti-Semitic. I tell him, as soon as the United States stops fucking up foreign democracies and stealing their oil, I’ll stop drinking. Unfortunately, looks like neither miracle is going to happen…
Housework, handicrafts, subsistence agriculture, radical technology, learning exchanges, and the like are degraded into activities for the idle, the unproductive, the very poor, or the very rich. A society that fosters intense dependence on commodities thus turns its unemployed into either its poor or its dependents.
In economics, you always want to ask 'And then what?'
Murray N. Rothbard
The first people to get the new money are the counterfeiters, which they use to buy various goods and services. The second receivers of the new money are the retailers who sell those goods to the counterfeiters. And on and on the new money ripples out through the system, going from one pocket or till to another. As it does so, there is an immediate redistribution effect. For first the counterfeiters, then the retailers, etc. have new money and monetary income they use to bid up goods and services, increasing their demand and raising the prices of the goods that they purchase. But as prices of goods begin to rise in response to the higher quantity of money, those who haven't yet received the new money find the prices of the goods they buy have gone up, while their own selling prices or incomes have not risen. In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money at all.
Looking back, I should have pursued philosophy and economics and things of that sort in college more, but I didn't.
Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.
The world's most primitive people have few possessions, but they are not poor. Poverty is not a certain small amount of goods, nor is it just a relation between means and ends; above all it is a relation between people. Poverty is a social status. As such it is the invention of civilization.
In economics, we borrowed from the Bourbons; in foreign policy, we drew on themes fashioned by the nomad warriors of the Eurasian steppes. In spiritual matters, we emulated the braying intolerance of our archenemies, the Shite fundamentalists.
A progressive business advancement strategy enriches the businesses capacity to gain momentum in a hostile economy.
It is almost as if the human brain were specifically designed to misunderstand Darwinism, and to find it hard to believe
It is widely believed that politics and economics are separate and largely unconnected; that individual freedom is a political problem and material welfare an economic problem; and that any kind of political arrangements can be combined with any kind of economic arrangements. The chief contemporary manifestation of this idea is the advocacy of "democratic socialism" by many who condemn out of hand the restrictions on individual freedom imposed by "totalitarian socialism" in Russia~ and who are persuaded that it is possible for a country to adopt the essential features of Russian economic arrangements and yet to ensure individual freedom through political arrangements. The 8 CAPITALISM AND FREEDOM thesis of this chapter is that such a view is a delusion, that there is an intimate connection between economics and politics, that only certain combinations of political and economic arrangements are possible, and that in particular, a society which is socialist cannot also be democratic, in the sense of guaranteeing individual freedom.
I admire the artists that work everyday to attest things for themselves... In the act of transforming the objects of the everyday they transform the passage of time and analyze the economics and politics of the instruments of living.
Target SME's and you target women because that is where they access the business sector.