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Economic Quotes

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Economic Quotes

“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time to change the economic development model that has been reigning for at least 150 years, since the industrial revolution. That will not happen overnight and it will not happen at a single conference on climate change, be it COP 15, 21, 40 - you choose the number. It just does not occur like that. It is a process, because of the depth of the transformation.”

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Author:Christiana Figueres
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“In the political, the social, the economic, even the cultural sphere, the revolutions of our time have been revolutions "against" rather than revolutions "for"... On the whole throughout this period the man--or party--that stood for doing the positive has usually cut a pathetic figure; well meaning but ineffectual, civilized but unrealistic, he was suspect alike to [by both] the ultras of destruction and the ultras of preservation and restoration.”

MenWellsHas BeensWholePoliticalSocialPartyCuttingEconomicFiguresRevolutionPeriodsDestructionOur TimeSuspectsCivilizedSpheresPreservationPatheticRestorationUltras
Book:Landmarks of Tomorrow: A Report on the New
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“Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.”

MenWritingYearsBelieveHumansScienceBeliefForcePowerfulHistoryMillionsPowerLearningEconomicSourcePeriodsEconomicsTechniqueFactorsEducatedHuman LifeRevolutionaryPossessedAgricultureDominantTransformingRisenEducated Man
Book:The Impact of Science On Society
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“After any disturbance (such as two world wars coinciding with a period of growing economic and monetary incomprehensibility) we find our old concepts inadequate and look for new ones. But it unfortunately happens that the troubled times which produce an appetite for new ideas are the least propitious for clear thinking.”

ThinkingWorldLooksTwoIdeasWarHappensClearGrowingEconomicProducePeriodsConceptsWar Of The WorldsAppetiteNew IdeasInadequateMonetaryDisturbanceTwo WorldsClear ThinkingTroubled Times
Author:Rebecca West
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“Adam Smith's was a real universalism in intent. Laissez Faire was intended to establish a world community as well as a natural harmony of interests within each nation... But the "children of darkness" were able to make good use of his creed. A dogma which was intended to guarantee the economic freedom of the individual became the "ideology" of vast corporate structures of a later period of capitalism, used by them, and still used, to prevent a proper political control of their power.”

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Author:Reinhold Niebuhr
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“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.”

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Author:Arthur Cecil Pigou
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“I mean, these good folks are revolutionizing how businesses conduct their business. And, like them, I am very optimistic about our position in the world and about its influence on the United States. We're concerned about the short-term economic news, but long-term I'm optimistic. And so, I hope investors, you know - secondly, I hope investors hold investments for periods of time - that I've always found the best investments are those that you salt away based on economics.”

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Author:George W. Bush
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“In addition to myself and a number of others, President Clinton talked about the deficit and the debt issue. And he pointed out, really, what I pointed out, which is that when he left office, we actually had projected surpluses for a long period of time, because when he put together his economic plan, he did it in a balanced way.”

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Author:Chris Van Hollen
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“Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.”

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Book:The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974
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“The use of the word royalty, as fee to a proprietor for the exploitation of a work or property, derives from the period when the sovereign assumed title to all wealth of the realm. It was the struggle for freedom from these encroachments of the state that chiefly marked the Nineteenth Century, and established everywhere constitutional regimes of limited authority. In the Twentieth Century, however, we have witnessed a gradual and almost unrestricted movement back to state authoritarianism, primarily in the economic sphere, accompanied by the spread of state monopoly and intervention.”

StatesUseWealthStruggleEconomicCenturyMovementPeriodsAuthorityPropertySpreadTitlesRealmsSpheresRegimesExploitationSovereignMonopolyInterventionRoyaltyTwentieth CenturyNineteenth CenturyAuthoritarianismFeesEncroachmentStruggle For Freedom
Author:Elgin Groseclose
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“The foundation of Ontario's economy is our skilled workers and innovative companies. Our government will continue its proactive approach to partnering with business and industry, investing strategically to help companies grow and create jobs in this period of economic uncertainty.”

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Author:Brad Duguid
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“The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.”

Has BeensPastForceNumbersHalfTechnologyEconomyDoubtEconomicCenturyReturnPeriodsRootsTransformationInnovationRaisesTrainDecadesIntenseTendenciesDramaticNo DoubtProductiveYieldEfficiencyOver The PastNew TechnologyCumulative
Author:Alan Greenspan
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“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”

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Author:Warren Buffett
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“Eventually economic growth reaches the point at which the accumulation of wealth in the families of achievers becomes so significant that the hatred and envy of success become stronger than the desire for continued economic growth, and a period dominated by resentment begins.”

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Book:Resentment Against Achievement: Understanding the Assault Upon Ability
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