Best 930 quotes in «economics quotes» category

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.

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

Obviousness is always the enemy of correctness.

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

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

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.

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.

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.

Our necessities are few, but our wants are endless.

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

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to buy them, and then the next year we deliberately introduce something that will make these products old-fashioned, out of date, obsolete.

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.

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

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

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.

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

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.

Science advances funeral by funeral

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

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

Respectable Professors of the Dismal Science.

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

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

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 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.

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

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

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

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.

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

Software engineering economics.

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.

Stop-Go seemed more sensiblr than using the brake and accelerator at the same time - a practice that later became fashionable.

Target SME's and you target women because that is where they access the business sector.

Studying economics is not a good preparation for dealing with it.

Supply creates its own demand.

The 20th Century approach to economics, resource depletion and over-consumption means we boom and bust until we bust more than we boom; that is precisely what is happening. In a low growth economy, the true meaning of resource efficiency in business and in everything we do is essential

That economics and finance are often covered as technical subjects, sort of boring subjects, and either you already know a lot about it and you follow it, or you don't know much about it and you don't want to know.

The addability of the happiness of different subjects is a postulum without which all political reasonings are at a stand

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.

The analyses ... often become too competent to be comprehensible.

The best and most evolved technologies are those that do not destroy the very base on which we live

The best of all monopoly profits is a quiet life.