Best 930 quotes in «economics quotes» category

It's a fundamental aspect of the free enterprise system and economics: If there's no penalty associated with increased costs, why not lay on increased costs?

It's better to ask the right questions than accept the status quo

It’s not about revenues: the fundamental economics in digital business is scale and margins. The top line has become the bottom line.

Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").

I would say that reproductive freedom comes first, then violence and economics.

"Law professors were never like economics professors," a Harvard Law professor told me. "If you disagreed with someone, you didn't call him a fool.

Looking back, I should have pursued philosophy and economics and things of that sort in college more, but I didn't.

It's the economics, that's why opera is not dying but gets more and more difficult to put on.

I've been a faithful reader of the great classical documents of economics, or tried to be.

I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else's, too.

Leadership produces change. That is its primary function

Life results from the non-random survival of randomly varying replicators. The watchmaker is blind

Long run is a misleading guide to current affairs. In the long run we are all dead.

Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.

Man does not live by GNP alone.

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.

Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.

Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.

Marxian exploitation is the exploitation of people's lack of understanding of economics.

Mathematics brought rigor to Economics. Unfortunately, it also brought mortis.

Mathematics has given economics rigor, but alas, also mortis.

Men will tell you sometimes that "money's hard." That shows it was not made to eat, I say.... Some of those who sank with the steamer the other day found out that money was heavy too.

Measure what is important, don't make important what you can measure

most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.

Modern economics and the welfare state borrowed heavily on the future.

Most Americans don't know enough about basic economics to fill out one fortune cookie.

Most of economics can be summarized in four words: 'People respond to incentives.' The rest is commentary.

Moore's law is really about economics.

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.

'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.

My friends, that's trickle-down economics, and I believe every worker in America is tired of being trickled on by George W. Bush

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

My ideal is that we all be economically interdependent. We should not be independent like millionaires, nor dependent like laborers. My ideal is that we all be interdependent.

My observation is China is thinking more as a global player than regionally, in both politics and economics.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.

Neoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time.

observation of realities has never, to put it mildly, been one of the strengths of economic development theory.

Next to bombing, rent control is the most effective technique so far known for destroying cities.

No one should have to get a PhD in economics to survive in this economy.

Nothing so weakens government as persistent inflation.

Obviousness is always the enemy of correctness.

No less than war or statecraft, the history of Economics has its heroic ages.

No nation was ever ruined by trade.

No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.

One nanny said, "Feed a cold"; she was a neo-Keynesian. Another nanny said, "Starve a cold"; she was a monetarist.

One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.

One of the greatest pieces of economic wisdom is to know what you do not know.

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.