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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.”

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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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“Gandhi has sound economic and cultural reasons for encouraging the revival of cottage industries, but he does not counsel a fanatical repudiation of all modern progress. Machinery, trains, automobiles, the telegraph have played important parts in his own colossal life! Fifty years of public service, in prison and out, wrestling daily with practical details and harsh realities in the political world, have only increased his balance, open-mindedness, sanity, and humorous appreciation of the quaint human spectacle.”

WorldYearsHumansDoeImportantReasonRealityPoliticalSoundProgressEconomicModernIndustryBalanceHumorousPrisonTrainDetailsAppreciationPracticalsFiftyWrestlingSanityHarshMachineryRevivalAutomobilePublic ServiceOpen MindednessCottagesColossalQuaintTelegraphHarsh Reality
Author:Paramahansa Yogananda
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“Democracy can hardly be expected to flourish in societies where political and economic power is being progressively concentrated and centralized. But the progress of technology has led and is still leading to just such a concentration and centralization of power.”

StillsPoliticalTechnologyPowerDemocracyProgressEconomicCapitalismExpectedNovelistsConcentrationFlourishingEconomic PowerCentralization
Book:Complete Essays: 1956-1963, and supplement, 1920-1948
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“Unlike Hegel's progress model of history, which moves by stages, each containing its own logic of growth and decline, the economic model develops as the simple function of one money-variable over time, with a long-term trend which increases monotonically.”

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Book:Break-Out from the Crystal Palace: The Anarcho-Psychological Critique: Stirner, Nietzsche, Dostoevsky
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“We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.”

BelieveFactsMightPoliticsEconomyProgressShareEconomicConflictApproachCreatingExpectationsBasesManagementWorkersProfitRationalAbundanceLiberalismResolveSpeculationApprehensionProfit Sharing
Author:Walter Reuther
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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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“Israel's economic and cultural progress is due to three things: the pioneering spirit that inspires the best of our immigrant and Israeli youth, who respond to the challenge of our desolute areas and the ingathering of the exiles; the feeling of Diaspora Jewry that they are partners in the enterprise of Israel's resurgence in the ancient homeland of the Jewish people; and the power of science, and technology which Israel unceasingly, and not without success, tries to enhance.”

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Author:David Ben-Gurion
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“No country has a perfect report card. While some countries have strong points in specific areas, they may have serious lacunae in other areas. For instance, some countries have made enormous progress on civil and political rights, but lag in the implementation of economic, social and cultural rights.”

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Author:Alfred-Maurice de Zayas
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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.”

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Author:Milton Friedman
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“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.”

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Book: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
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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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“Concern for the fate of the great rivers of the earth must lead us to reflect soberly on the model of development which our society is pursuing. A purely economic and technological understanding of progress, to the extent that it fails to acknowledge its intrinsic limitations and to take into consideration the integral good of humanity, will inevitably provoke negative consequences for individuals, peoples and creation itself.”

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Author:Pope Benedict XVI
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“Until the last great war, a general expectation of material improvement was an idea peculiar to Western man. Now war and its aftermath have made economic and social progress a political imperative in every quarter of the globe.”

MenMadeIdeasWarLastsPoliticalSocialProgressEconomicMaterialsExpectationsWesternImprovementPeculiarQuartersGlobesImperativesGreat WarAftermathSocial Progress
Book:The Four Faces of Peace and the International Outlook: Statements
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“Liberalism should be found not striving to spread bureaucracy but striving to set bounds to it. True liberalism seeks all legitimate freedom first in the confident belief that without such freedom the pursuit of all other blessings and benefits is vain. That belief is the foundation of all American progress, political as well as economic.”

ShouldFirstsWellsPoliticalFoundBeliefProgressEconomicBlessingBenefitsFoundationStriveBoundsSpreadPursuitVainLiberalismBureaucracy
Book:Herbert Hoover: Containing the Public Messages, Speeches, and Statements of the President
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“The larger the government, the more our livings standards are reduced. We are fortunate as a civilization that the progress of free enterprise generally outpaces the regress of government growth, for, if that were not the case, we would be poorer each year - not just in relative terms, but absolutely poorer too. The market is smart and the government is dumb, and to these attributes do we owe the whole of our economic well-being.”

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Author:Llewellyn Rockwell
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“We must remove government's smothering hand from where it does harm; we must seek to revitalize the proper functions of government. We do these things to set loose again the energy and the ingenuity of the American people. We do these things to reinvigorate those social and economic institutions which serve as a buffer and a bridge between the individual and the state - and which remain the real source of our progress as a people.”

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Book:Speaking my mind: selected speeches
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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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“No one can predict whether the earth will be cooler or hotter next year, let alone do anything to change it. If you're afraid of global warming, turn off the lights when you leave the room - but don't participate in the corruption of science, don't scare our kids with unproven cataclysmic theories, and don't try to ban economic energy sources that people living on this planet depend upon today. And don't try to stop progress; it's the only hope the earth has of seeing clean industry, short of exterminating mankind.”

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Author:Doug Casey
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“The foundations of liberty are private property and the rule of law; this system guarantees the fewest possible forms of injustice, produces the greatest material and cultural progress, most effectively stems violence and provides the greatest respect for human rights. According to this concept of liberalism, freedom is a single, unified concept. Political and economic liberties are as inseparable as the two sides of a medal.”

HumansTwoFormLawPoliticalSidesLibertyRightsProgressViolenceEconomicProduceMaterialsConceptsFoundationPropertyInjusticeHuman RightsLiberalismGuaranteesStemMedalRule Of LawInseparableTwo SidesPrivate PropertyUnified
Author:Mario Vargas Llosa
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“The US is often the first to call for transparency and integrity in the reporting of other governments. It has never provided transparency or integrity in its reporting on the war in Iraq. It has downplayed the growth of the insurgency and other civil conflicts. It exaggerated progress in the development of Iraqi forces, and has reported meaningless macroecomic figures claiming 'progress' in the face of steadily deteriorating economic conditions for most Iraqis outside the Kurdish security zone, and does so in the face of almost incredible incompetence by USAID and the Corps of Engineers.”

FirstsDoeWarGovernmentFacesForceGrowthProgressEconomicConditionsSecurityFiguresDevelopmentIntegrityConflictIncrediblesIraqZoneMeaninglessEngineersTransparencyIncompetenceExaggeratedInsurgencyDeterioratingKurdishUsaid
Author:Anthony H. Cordesman
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