Best 930 quotes in «economics quotes» category

In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

In proportion as capital accumulates, the lot of the laborer, be his payment high or low, must grow worse.

Inspirational leadership connects to a highly motivated workforce which, in turn, means inspirational results

In the history of modern capitalism, crises are the norm, not the exception.

Intrinsic value follows meaning follows form follows economics follows function follows more economics follows market research.

I started to read as obsessively about Star Wars as I once did about Kant - and still do about behavioral economics and behavioral psychology.

Investing is the intersection of economics and psychology.

Investment is a flighty bird which needs to be controlled.

It at once struck me that under these circumstances favourable variations would tend to be preserved, and unfavourable ones to be destroyed.

I think we're miserable partly because we have only one god, and that's economics.

I think anytime that you go to the extreme of any mode of economics, be it capitalism or communism, you have these feedback mechanisms that make the system turn in on itself.

It is in the social sphere, in the realm of politics and economics, that the Will to Order becomes really dangerous.

It is almost as if the human brain were specifically designed to misunderstand Darwinism, and to find it hard to believe

...it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

It is much more difficult to measure non-performance than performance. Performance stands out like a ton of diamonds. Non-performance can almost always be explained away

It is easy to be compassionate with other people's money

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

It is one of history's great ironies that capitalists built decent and humane societies on the basis of an amoral approach to the economics of pricing, whereas socialists built exploitative and inhumane societies on the basis of a morally inflamed approach to economics.

It is useful that while mankind are imperfect there should be different opinions, so is it that there should be different experiments of living; that free scope should be given to varieties of character, short of injury to others.

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

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

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

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.

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.

"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.

Leadership produces change. That is its primary function

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

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

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

Man does not live by GNP alone.

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.

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

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

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

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

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

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.

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

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

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

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.

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

Nothing so weakens government as persistent inflation.

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.