“Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.”
Quote by Michael Joseph Oakeshott
Author
Michael Joseph Oakeshott
Michael Joseph Oakeshott was an influential British philosopher known for his contributions to political philosophy, moral philosophy, and the philosophy of language. His ideas emphasize the importance of individual freedom, practical wisdom, and social conventions in politics. more
You May Also Like
“What we are left with is an overmanipulated economy that can't function normally.”
“Efforts to preserve all industries will lower the national standard of living.”
Source: Competitive Advantage of Nations: Creating and Sustaining Superior Performance
Source: Capitalism, Socialism and Democracy
Source: Dangerous currents: the state of economics
Source: BUSINESS & ECONOMICS Premium Collection: 25+ Titles in One Volume: The Theory of Business Enterprise, The Higher Learning in America, The Vested Interests and the Common Man, On the Nature of Capital…: The Theory of the Leisure Class, The Beginning of Ownership, The Preconceptions of Economic Science, The Industrial System and the Captains of Industry, The Socialist Economics of Karl Marx…
“As long as capital-both human and money-can move toward opportunity, trade will not balance.”
Source: Bits, Bytes, and Balance Sheets: The New Economic Rules of Engagement in a Wireless World