Best 930 quotes in «economics quotes» category

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

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.

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

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

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.

No nation was ever ruined by trade.

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

Nothing so weakens government as persistent inflation.

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

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

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

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.

Obviousness is always the enemy of correctness.

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

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 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.

Only now did I recognize the reciprocal relationship which exists between manufacturing power and the national system of transportation, and that the one can never develop to its fullest without the other.

Our whole economy is based on planned obsolescence...we make good products, we induce people to buy them, and then the next year we deliberately introduce something that will make these products old-fashioned, out of date, obsolete.

Our necessities are few, but our wants are endless.

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

Over the long term, absent of other barriers, economics always win.

owning capital is not a productive activity.

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

persons, with big wigs many of them and austere aspect, whom I take to be Professors of the Dismal Science… Coining “Dismal Science” as a nickname for Political Economy

Plays are getting smaller and smaller, not because playwrights minds are shrinking but because of the economics.

Profit is not the proper end and aim of management - it is what makes all of the proper ends and aims possible

Politics is a continuation of economics by other means

Problems worthy of attacks, prove their worth by hitting back

Protectionism is the institutionalization of economic failure.

Recommending gastric bypass as a national solution for our diabetes epidemic is bad medicine and bad economics.

Resource efficiency - it's about only taking what we need

Reformers have the idea that change can be achieved by brute sanity.

Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man.

Respectable Professors of the Dismal Science.

Roughly speaking, I think it's accurate to say that a corporate elite of managers and owners governs the economy and the political system as well, at least in very large measure.

Science advances funeral by funeral

Scepticism and refusal of authority is at the heart of scientific endeavour. Scientific knowledge dictates economic possibilities

Science is not enough, religion is not enough, art is not enough, politics and economics are not enough, nor is love, nor is duty, nor is action however disinterested, nor, however sublime, is contemplation. Nothing short of everything, will really do.

Separatism is a very healthy movement within culture. It's a disastrous movement within politics and economics.

So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor.

Software engineering economics.

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

The barriers that renewables and efficiency face come less from our living in a capitalist market economy and more from not taking market economics seriously.

So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it.