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Economic Quotes

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Economic Quotes

“Economics is extremely useful as a form of employment for economists.”

Government Form Economic Economics Employment Economist Economy And Economics Supply Side Economics Home Economics Studying Economics

Author:John Kenneth Galbraith

“After long centuries, agrarian civilization is weakening. Is sufficient attention being devoted to the arrangement and improvement of the life of the country people, whose inferior and at times miserable economic situation provokes the flight to the unhappy crowded conditions of the city outskirts, where neither employment nor housing awaits them?”

“The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.”

Wealth Economic Faults Income Employment Distribution Arbitrary Outstanding Distribution Of Wealth

Author:John Maynard Keynes

“I think that one of the things that we all agree to is that the touchstone for economic policy is, does it allow the average American to find good employment and see their incomes rise; that we can't just look at things in the aggregate, we do want to grow the pie, but we want to make sure that prosperity is spread across the spectrum of regions and occupations and genders and races; and that economic policy should focus on growing the pie, but it also has to make sure that everybody has got opportunity in that system.”

“The question of woman's work in its economic aspect is really one not so much now of woman's rights as of woman's mights. Pretty much anything she wants to do, a resolute girl may now do.”

Want May Girl Rights Economic Aspect Employment Womens Rights Resolute

Author:R. Heber Newton

“Kalecki thus precisely predicted the economic and political U-turn that occurred with the advent of neoliberalism. Kalecki also argued that fundamental institutional changes, especially regarding wage-setting and other aspects of the employment relationship, would be essential if full employment was to be sustained.”

Ifs Would Be Political Turns Economic Essentials Aspect Fundamentals Setting Settings Employment Advent Neoliberalism

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“We know that the only alternative to private competition is government monopoly of enterprise. We know that when government monopolizes production, distribution, and employment, it is no longer the servant of men - it is their master. And, therefore, we know that economic liberty and political liberty are inseparable parts of the same ball of wax - that we must keep them both, or we shall lose them both.”

“Capital, and the question of who owns it and therefore reaps the benefit of its productiveness, is an extremely important issue that is complementary to the issue of full employment... I see these as twin pillars of our economy: Full employment of our labor resources and widespread ownership of our capital resources. Such twin pillars would go a long way in providing a firm underlying support for future economic growth that would be equitably shared.”

“There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one.”

May Important Done Problem Economic Fields Serious Harm Instance Employment Superstitions Inflation Magnitude

Author:Friedrich August von Hayek

“I am convinced that the majority of the religious hierarchy today deplores the hardship inflicted on our people. I am referring not only to the martyrs but of the families who have been dispersed and terrified, who have no resources, and to the four million unemployed who are suffering from the economic chaos of a country which only a year earlier was giving employment to a million foreigners. Those who have chosen to serve God must feel profoundly sad at seeing ridicule poured on the most sacred principles of our religion.”

Source: The Shah's story

“Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.”

“Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneur- ship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.”

World Trying Ideas Growth Issues Environment Generations Economic Creating Innovation Entrepreneur Ships Employment Entrepreneurship Empowering Engines New Ideas Economic Growth

Author:Klaus Schwab

“At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.”

Games Lost Sides Half Economic Activity Economics Trade Assuming International Employment Zero Apartment Both Sides Fallacy Transactions International Trade Zero Sum Game

Author:Thomas Sowell

“Capitalism in the 19th century did not doom the worker to a life of perpetual poverty. Instead, they kept creating new and better-paying employments as the decades went by. They produced the wealth and rising income that resulted in the emergence of a phenomenon completely new to human history: a self-supporting and educated middle class that grew more and more as they lower classes bettered their economic well-being.”

“One of the factors a country's economy depends on is human capital. If you don't provide women with adequate access to healthcare, education and employment, you lose at least half of your potential. So, gender equality and women's empowerment bring huge economic benefits.”

“Theres a clear and strong connection between fertility reduction and womens literacy and empowerment, including womens gainful employment. If you look at the more than 300 districts of India, the strongest influences in explaining fertility variations are womens literacy and gainful economic employment.”

Ifs Looks Strong Clear Influence Economic Empowerment Connections India Including Employment Strongest Literacy Explaining Variation Reduction Fertility Strong Connection

Author:Amartya Sen