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Economic Quotes

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Economic Quotes

“Make no mistake: The organization of the working class must be both economic and political. The capitalist is organized upon both lines. You must attack him on both.”

Political Lines Mistake Class Economic Organization Organized Capitalist Working Class

Book:Writings of Daniel DeLeon: A Collection of Essays by One of the Founders of American Revolutionary Socialism

Source: Writings of Daniel DeLeon: A Collection of Essays by One of the Founders of American Revolutionary Socialism

“The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.”

Should Would Be Mistake Cutting Economic Taxes Income Recovery Fragile Annuals Tax Cuts Raising Taxes Economic Recovery

Author:Mark Zandi

“Anyone who has actually had to take responsibility for consequences by running any kind of enterprise whether economic or academic, or even just managing a sports team is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.”

Kind Running Sports Mistake Responsibility Seeing Team Economic Consequence Negative Enterprise Academic Taking Responsibility Setback Sports Team Negative Consequences

Author:Thomas Sowell

“The application of psychoanalysis to sociology must definitely guard against the mistake of wanting to give psychoanalytic answers where economic, technical, or political facts provide the real and sufficient explanation of sociological questions. On the other hand, the psychoanalyst must emphasize that the subject of sociology, society, in reality consists of individuals, and that it is these human beings, rather than abstract society as such, whose actions, thoughts, and feelings are the object of sociological research.”

“One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.”

Country States Would Be Mistake Responsibility History Power Economic Honesty Capitalism Economics Absolutes Oneself Debt Socialism Taxation Egoism Interference Isolationism

Author:Vladimir Putin

“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.”

“I don't think I have any regrets, but I can tell you what I learned from mistakes or failures. I've had plenty of those. I just don't believe in regret, and my economic world is not what I would ever have imagined; I'm financially free.”

Thinking World Believe I Can Mistake Economic Regret Don't Believe Plenty Learned From Mistakes

Author:Tony Robbins

“It would be especially tragic if the people who most cherish ideals of peace, who are most anxious for political cooperation on a wider than national scale, made the mistake of underestimating the pace of economic change in our modern world.”

Source: The Four Faces of Peace and the International Outlook: Statements

“To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.”

Stills Lasts Mistake Study Five Four Economic Streets Movement Wall Prove Nine Recessions Commentators Omen Understatement Downturn

Author:Paul Samuelson

“Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.”

Doe Important Lasts Values Order Mistake Economic Bases Analysis Comparison Goods Arrangements Measurement Calculations Monetary Measuring

Book:Epistemological Problems of Economics

Source: Epistemological Problems of Economics

“The largest mistake would be to start to move away from petroleum, a proven and economic energy source, to more speculative and expensive sources...The world will eventually leave the age of oil, but there is no geologic reason for this to happen until near the end of the 21st century.”

World Ends Reason Happens Would Be Age Moving Energy Mistake Economic Century Source Oil Expensive Proven 21st Century Energy Sources Petroleum

Author:David Deming

“With a chip on his shoulder larger than his margin of victory, Barack Obama is approaching his second term by replicating the mistake of his first. Then his overreaching involved health care - expanding the entitlement state at the expense of economic growth. Now he seeks another surge of statism, enlarging the portion of gross domestic product grasped by government and dispensed by politics. The occasion is the misnamed "fiscal cliff," the proper name for which is: the Democratic Party's agenda.”

“I think we are making a mistake, a very big mistake if we look at what we call the Arab Awakening only by looking at the whole dynamics in political and not in economic terms.”

Ifs Thinking Looks Whole Bigs Political Term Mistake Economic Awakening Making Mistakes Dynamics Big Mistake

Author:Tariq Ramadan