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Economic Quotes

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Economic Quotes

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

OrderUnderstandingPerfectProgressEconomicInformationTheoryKeysDemandEconomicsCompetitionRewardsPunishmentInvisibleNoiseDisorderAdamSpontaneousEquilibriumHeirsSupply And DemandReward And PunishmentEconomic ProgressDisequilibriumPerfect Competition
Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
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“The affluent society has built well in terms of economic progress, but has neglected the protection of the very water we drink as well as the values of fish and wildlife, scenic, and outdoor recreation resources. Although often measureless in commercial terms, these values must be preserved by a program that will guarantee America some semblance of her great heritage of beautiful rivers.”

WellsAmericaBeautifulValuesTermWaterProgressEconomicDrinkResourcesBuiltProgramRiversEnvironmentalFishesProtectionGuaranteesHeritageNeglectedWildlifeRecreationAffluentSemblanceEconomic ProgressScenicBeautiful RiverOutdoor Recreation
Author:Frank Church
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“Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior.”

OrderIndividualBeliefSocialResultsProgressEconomicExpressionEqualBehaviorCapitalismProfitSupremeRulersCreedsMarxismAbolitionThis SocietySocial OrderSocial BehaviorEconomic ProgressFreedom And Equality
Author:Peter Drucker
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“There are those, of course, who claim we must give up freedom in exchange for economic progress. Well, pardon me, but anyone trying to sell you that line is no better than a three-card-trick man. One thing becoming more clear every day is that freedom and progress go hand in hand. Throughout the developing world, people are rejecting socialism because they see that it doesn't empower people, it impoverishes them.”

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Author:Ronald Reagan
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“China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.”

Has BeensRealWholeMovingPoliticalForceDealsRolesEconomyTakenGrowingProgressEconomicMiracleDemocraticChinaRussiaPolitical SystemsDemocratic SocietyEconomic Progress
Author:Milton Friedman
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“Politics is a dirty business, a ruse, an ideological cul-de-sac, a vast looter of intellectual and financial resources, a lie that corrupts, a deceiver, a means of unleashing vast evil in the world of the most unexpected and undetected sort and the greatest diverter of human productivity ever concocted by those who do not believe in authentic social and economic progress.”

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Author:Jeffrey Tucker
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“Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power - all these things clearly represent economic progress.”

MenWayWantHumansWellsMeanTwoUseWaterGrowingProgressEconomicGrewDevelopmentTenDiscoveryHorseGrassOne ManApplicationElectricHouseholdBladesBetter WaysSteamBlades Of GrassHuman PowerEconomic ProgressElectric Power
Author:Kenneth E. Boulding
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“Liberals believe and inexhaustible fund exists that can be tapped endlessly to pay for government social programs. Tax the rich and give it to a long line of moochers, pork barrel hustlers and ne'er-do-wells. These funds would otherwise have been employed as additional capital indispensable to economic progress.”

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Author:James Cook
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“Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.”

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Author:Terence McKenna
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