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Economic Quotes

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Economic Quotes

“For an economic recovery program to be effective, it must not only create a short-term economic boost but also generate lasting value. Home Star would accomplish that by breaking down the key barrier between homeowners and money-saving retrofits: upfront costs.”

Home Values Stars Term Economic Keys Cost Program Accomplish Recovery Saving Barriers Lasting Breaking Down Short Term Saving Money Boost Homeowners Economic Recovery

Author:Peter Welch

“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.”

“What the new fertilizer technology has accomplished for the farmer is clear: more crop can be produced on less acreage than before. Since the cost of fertilizer, relative to the resultant gain in crop sales, is lower than that of any other economic input, and since the Land Bank pays the farmer for acreage not in crops, the new technology pays him well. The cost-in environmental degradation-is borne by his neighbors in town who find their water polluted. The new technology is an economic success-but only because it is an ecological failure.”

“It is the good fortune of the affluent country that the opportunity cost of economic discussion is low and hence it can afford all kinds.”

Kind Country Opportunity Economic Cost Lows Fortune All Kinds Discussion Good Fortune Affluent Opportunity Cost

Author:John Kenneth Galbraith

“So my life and the life of my family has been completely disrupted in absolutely every way. But it's been worth it. It's uncovered a vast cesspool of illegitimate economic and political power in which the Church is immersed right up to its ears, and I intend to dive in headfirst and pull it out of there dripping wet for all the world to see -- no matter how long it takes, no matter whose feet get stepped on in the process, no matter how much it costs, no matter how great the personal sacrifice.”

“Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing if not eliminating altogether any economic reason to 'push' drugs on children.”

Ifs Children Reason Might Law Risk Economic Streets Involved Cost Drug Criminals Remove Quarters Free Market Incentives Reducing Heroin Spoons Eliminating Drug Laws Repealing Crashing Down

Author:L. Neil Smith

“Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.”

Source: The Political Economy of International Relations

“The people of America are in agreement in defending their liberties at any cost, and the first line of that defense lies in the protection of economic security.”

People Firsts America Lying Lines Liberty Economic Security Cost Protection Defense Agreement Economic Security

Book:Fireside chats of Franklin Delano Roosevelt: radio addresses to the American people about the Depression, the New Deal, and the Second World War, 1933-1944

Source: Fireside chats of Franklin Delano Roosevelt: radio addresses to the American people about the Depression, the New Deal, and the Second World War, 1933-1944

“An exploration of the challenges Korea faces in transforming its economy from a government-directed, low-cost producer to an innovative world economic power based on its own scientific and technological development.”

World Government Faces Challenges Economy Economic Development Cost Lows Producers Exploration Technological Innovative Korea Transforming Economic Power Technological Development

Author:Lewis M. Branscomb

“Our approach to existential risks cannot be one of trial-and-error. There is no opportunity to learn from errors. The reactive approach - see what happens, limit damages, and learn from experience - is unworkable. Rather, we must take a proactive approach. This requires foresight to anticipate new types of threats and a willingness to take decisive preventive action and to bear the costs (moral and economic) of such actions.”

“I'm not tied to budgets. I'm tied to the story that I want to tell, and how much it's going to cost is up to whatever the economic situation of the studio is.”

Want Stories Situation Economic Cost Studios Budgets Tied

Author:Brett Ratner

“Our domestic problems are for the most part economic. We have our enormous debt to pay, and we are paying it. We have the high cost of government to diminish, and we are diminishing it. We have a heavy burden of taxation to reduce, and we are reducing it. But while remarkable progress has been made in these directions, the work is yet far from accomplished.”

Source: Message of the President of the United States to the Congress at the Beginning of the Second Session of the Sixty-eighth Congress, December 3 1924

“The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).”

“America must remain, at any cost, the custodian of freedom, human dignity and economic security. The United States must be strong, so that no nation may dare attack.”

Humans May States America Strong Nations United United States Economic Security Cost Dignity Dare Human Dignity Custodians Economic Security

Author:Louis B. Mayer

“It's a moral imperative, it's an economic imperative, and it is a security imperative. For we've seen how spikes in food prices can plunge millions into poverty, which, in turn, can spark riots that cost lives, and can lead to instability. And this danger will only grow if a surging global population isn't matched by surging food production. So reducing malnutrition and hunger around the world advances international peace and security - and that includes the national security of the United States.”

“People tend to be clueless about prices. Contrary to economic theory, we don't really decide between A and B by consulting our invisible price tags and purchasing the one that yields the higher utility, he says. We make do with guesstimates and a vague recollection of what things are “supposed to cost.””

People Economic Theory Higher Cost Contrary Invisible Yield Vague Utility Recollection Tag Consulting Clueless Purchasing Price Tag Economic Theory

Author:William Poundstone

“Falling prices are driving renewable energy investment in India, which rose 13 per cent last year and is expected to surpass 10 billion dollars in 2015. Adoption of increasingly cost-effective renewables holds the genuine promise of a new age of socio-economic development, powered by clean, increasingly decentralised, and sustainable energy. The opportunity for India is tremendous.”

“Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of individual funds devoted to every investing 'style' and economic sector or regional subgroup that some marketing idiot can dream up? Not likely. A brutal shakeout is coming and one of its revelations will be that stock picking is a grossly overrated piece of the puzzle, that cost control is what distinguishes a competitive firm from an uncompetitive one.”

Dream Individual Pieces Economic Style Cost Investing Marketing Customers Enormous Idiot Firm Revelations Fund Devoted Brutal Puzzles Overrated Overhead Unproductive

Author:Holman W. Jenkins, Jr.

“In the past the intrinsic pleasures of parenthood for most American families were increased by the extrinsic economic return thatchildren brought. Today, parents have children despite their economic cost. This is a major, indeed a revolutionary, change.”

Children Today Past Parent Pleasure Economic Return Cost Majors Despite Revolutionary Parenthood American Family Revolutionary Change

Book:All Our Children: The American Family Under Pressure

Source: All Our Children: The American Family Under Pressure

“We can decide that the presence of cancer-causing substances in our air, water, and food is too expensive. A 2009 study, for example, has found that coal miners in Appalachia costs the region five times more in premature deaths, including from cancer, than it provides to the region in jobs, taxes, and economic benefits. In California, the production and use of hazardous chemicals cost the state $2.6 billion in 2004 alone in lost wages and health-care expenses to treat workers and children with pollution-linked diseases.”

“I don't think you can pump carbon dioxide into the atmosphere indefinitely and not have a reaction. But there are great scientists such as Freeman Dyson, one of the greatest physicists of the last hundred years, who has studied the question, who believes quite the opposite. The reason transnational action is so difficult is because the major problem with climate change is, A, that there is no consensus, and, B, that the economic cost is simply staggering. Reversing it completely might mean undoing the modern industrial economy.”

“Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million.”

Values Millions Economic Amount Cost Standards Lifetime Soldier Payment Dead Soldiers

Author:Joseph Stiglitz

“If you look at a farmer and his daily expenditure on existing energy services, it is much higher on an incremental delta basis. And then there is an emotional cost of not providing their kids with the right to educate. If you calculate these costs in economic terms and create a financing mechanism for them to buy it, the emotional delta cost is much higher compared to their household.”

Ifs Looks Kids Energy Term Economic Emotional Higher Cost Bases Farmers Educate Mechanism Household Providing Expenditures Financing Delta

Author:Ramon Magsaysay

“Not wasting energy. It is the least sexy, but the single most important and always the least expensive. You would be very interested in a report by the McKinsey consulting firm that concluded that 40 percent of everything that we have to do to mitigate our emissions are net economic winners. They are cost effective and the most cost effective is not wasting energy. That's actually going to be the largest part of this whole journey, I believe - using less energy with the same beneficial results.”

Believe Important Whole Would Be Energy I Believe Results Journey Economic Cost Percent Sexy Winner Firm Expensive Reports Beneficial Emissions Consulting

Author:Jay Inslee

“It's all economic. Soda is easier to sell than orange juice because its costs less. Water, some coloring, some fizz, and this can, and we can sell this to you over and over and over again. And that's what rap is.”

Water Economic Easier Cost Sells Rap Orange Juice Soda Orange Juice

Author:Malik Yusef

“We need a much better understanding of the climate before making policy choices that would impose substantial economic costs on our Nation.”

Needs Choices Nations Understanding Economic Policy Cost Climate

Author:Ted Cruz

“Polak, a psychiatrist, has applied a behavioral and anthropological approach to alleviating poverty, developed by studying people in their natural surroundings. He argues that there are three mythic solutions to poverty eradication: donations, national economic growth, and big businesses. Instead, he advocates helping the poor earn money through their own efforts of developing low-cost tools that are effective and profitable.”

“Consumerism has become a new religion, complete with its high priests at Which? and its fatwas against anyone with the temerity to try to sell anything at more than cost price ... It is a depressingly medieval outlook on economic life.”

Trying Economic Cost Sells Priests Consumerism Outlook Medieval

Author:Sean O'Grady

“There's real economic costs to climate change - So, Superstorm Sandy led to billions of dollars in damages. The fires out in the west, 70 million dollars a day are being spent in fighting fires that have clearly been exacerbated by drought and climate change. So, people have pointed out the true dollars and cents cost of inaction on climate change.”

People Real Fighting Millions Fire Economic Cost Dollars West Climate Climate Change Billions Damage Cents Million Dollars Inaction Drought Sandy Superstorm Sandy

Author:Naomi Oreskes

“I think it is important for people to understand that there are real serious economic costs and real serious economic damages associated with inaction on climate change.”

People Thinking Important Real Economic Serious Cost Climate Climate Change Damage Inaction

Author:Naomi Oreskes

“I would like to do more feature work. I intend to do that. To be really honest, it's an economic thing because when you make a film that doesn't make what it cost back, it's very difficult to get back in the ring.”

Film Difficult Economic Honest Cost Rings Features Get Back

Author:Roman Coppola

“My analysis, especially of the computer revolution, always comes back to capitalism. It's that economic system that has led to Western civilization's willingness to enslave ourselves to machines - because some people benefit enormously from it, while the costs are borne by other people and the planet.”

People Economic Planets Revolution Civilization Cost Benefits Computer Capitalism Machines Western Analysis Willingness Western Civilization Economic Systems

Author:Kirkpatrick Sale

“In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.”

Thinking Facts Individual Economic Cost Activity Advantage Accomplish Transactions Hayek Friedrich Hayek

Author:Ronald Coase

“Our economy continues to struggle with slow economic growth, high unemployment and stagnant wages. "Obama care's" raising costs. That's making it harder for small businesses to hire. In short, it's a train wreck.”

Care Growth Struggle Economy Economic Cost Harder Train Unemployment Wages Small Business Economic Growth Wrecks Stagnant Train Wrecks Obama Care

Author:John Boehner

“It is like using a smoke screen, the same thing for an individual. The topic here is Islam. If French politicians are no longer talking about Islam, they know they will have to talk about something else, which brings the spotlight on their inefficiency. They will have to talk about domestic social and economic issues and they will have to justify their foreign policy, which is obviously something they need to avoid at all costs.”

Ifs Knows Needs Individual Social Talking Issues Economic Policy Politician Cost Islam Screens Smoke Justify Foreign Policy Topics Spotlight Inefficiency Economic Issues

Author:Tariq Ramadan