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Economic Quotes

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Economic Quotes

“All "if" statements about the past are as dubious as prophecies of the future are. It seems fairly plausible that if Alexander or Ghengis Khan had never been born, some other individual would have filled his place and executed the design of the Hellenic or Mongolic expansion; but the Alexanders of philosophy and religion, of science and art, seem less expendable; their impact seems less determined by economic challenges and social pressures; and they seem to have a much wider range of possibilities to influence the direction, shape and texture of civilizations.”

“Rather than providing him with economic opportunity, the Act of that name seems designed to make the poor man do penance all his life for the sin of being born into a non-capital-owning family... One searches it in vain for measure designed to provide economic opportunity to the capital owner. But nobody proposes to educate, train, or rehabilitate either him or his children, even when their "unemployment" is notorious.”

“The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. The constitution of the atom, as it were, and not merely its position, changes under the influence of environment.”