Best 930 quotes in «economics quotes» category

I'm the result of upbringing, class, race, gender, social prejudices, and economics. So I'm a victim again. A result.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions and interests dictate.

In a world in which the price of calculation continues to decrease rapidly, but the price of theorem proving continues to hold steady or increase, elementary economics indicates that we ought to spend a larger and larger fraction of our time on calculation.

In economics, you always want to ask 'And then what?'

In economics, the majority is always wrong.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.

In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.

In economics, we borrowed from the Bourbons; in foreign policy, we drew on themes fashioned by the nomad warriors of the Eurasian steppes. In spiritual matters, we emulated the braying intolerance of our archenemies, the Shite fundamentalists.

Inflation takes from the ignorant and gives to the well informed.

I never wanted to be a businessman, I just wanted to change the world

Inflation is like toothpaste. Once it's out, you can hardly get it back in again.

Inflation is the senility of democracies.

Inflation is always and everywhere a monetary phenomenon.

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

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.

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

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.

Investing is the intersection of economics and psychology.

Investment is a flighty bird which needs to be controlled.

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

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

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

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

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

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

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

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

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

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

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

"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.

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.

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

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.

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

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