Best 930 quotes in «economics quotes» category

The engineer who counts cost as nothing as compared to the result, who holds himself above the consideration of dollars and cents, has missed his vocation.

The entire point of life is to find ways to get others to do your work for you. Don’t you know anything about basic economics?

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

The existing world economic order constitutes a system of plundering and exploitation like no other in history.

The farmer and manufacturer can no more live without profit than the labourer without wages.

The federal budget deficit is the biggest single impediment to revitalizing the American economy.

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.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

The Greens will continue to champion a fairer society rather than simply the economy and to champion the parliament rather than simply the stock exchange .

The monogram of our national initials, which is the symbol for our monetary unit, the dollar, is almost as frequently conjoined to the figures of an engineer's calculations as are the symbols indicating feet, minutes, pounds, or gallons. ... This statement, while true in regard to the work of all engineers, applies particularly to that of the mechanical engineer.

The "human condition" is always to push forward for the better and economics is the study of that process.

The inscrutability [of economics] is perhaps not unintentional. It gives endless employment to dialecticians who otherwise might become public charges or, at very worst, swindlers and tricksters.

...the institutional arrangement whereby most professional economists are heavily burdened with teaching and administrative duties may militate against a sufficient admixture of the more laborious forms of statistical and field work.

The more propaganda . . . conservatives spread for capitalist economics while at the same time preaching collectivism morally and philosophically , the more nails they’ll drive into capitalism’s coffin.

the high cost of living isnt so bad if you dont have to pay for it

The idea behind Reaganomics is this: a rising tide lifts all yachts.

The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.

The lesson from behavioral economics is that people only save if it's automatic.

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.

The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.

The perennial gale of creative destruction

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

The one profession where you can gain great eminence without ever being right.

The only answer to the endless chains of why, why, why is that the alternatives died

The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.

The point of studying economics is so as not to be fooled by economists.

The problem with the old ideology was that it suppressed the individual by starting with society. But it is from a sense of individual duty that we connect the greater good and the interests of the community

The primary reason for a tariff is that it enables the exploitation of the domestic consumer by a process indistinguishable from sheer robbery.

The reason we should do a carbon tax is because it's the right thing to do. It's economics 101, elementary stuff.

There can be no autonomous agent with unitary interests called 'society' that exerts causal influence. This is a logical impossibility

There can be no such thing as 'fairness in taxation.' Taxation is nothing but organized theft, and the concept of a 'fair tax' is therefore every bit as absurd as that of 'fair theft.'

The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.

There has always been, and there always will be, an economic cycle.

There can be economy only where there is efficiency.

There is always enough for the needy, there is never enough for the greedy.

There is a golden thread which runs through British history of the individual, standing firm against tyranny and then of the individual participating in his society

There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.

There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

There is no business on a dead planet

There is no such thing as economics, only social science applied to economic problems.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

There's no such thing as a free lunch.

The Tea Party we were told is only about economics; not true. It was always about economics and social issues. They just hid the social issues and now we just see who they really are.

There's something really special for a young person to sit in an audience and discover somebody, and it's rare to do because so much of a movie's economics are based on pre-existing actors or actresses.

The Sherman Act is similar in the economics sphere to the Bill of Rights in the personal sphere.

The strategy behind the Kyoto Protocol has no grounding in economics or environmental policy.

The study of economics does not seem to require any specialised gifts of an unusually high order.

The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.