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Economic Quotes

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Economic Quotes

“Two common conceptions with regard to advertising which are held by a considerable number of people are that enormously large sums of money are expended for it, and that much of this expenditure is an economic waste.”

People Two Common Numbers Economic Waste Regard Advertising Conception Expenditures

Author:Daniel Starch

“Only the power of unbounded love practiced in regard to all human beings can defeat the forces of interhuman strife, and can prevent the pending extermination of man by man on this planet. Without love, no armament, no war, no diplomatic machinations, no coercive police force, no school education, no economic or political measures, not even hydrogen bombs can prevent the pending catastrophe.”

Source: The Ways and Power of Love: Types, Factors, and Techniques of Moral Transformation

“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

Source: General Theory Of Employment , Interest And Money

“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.”

“America has a history of political isolation and economic self-sufficiency; its citizens have tended to regard the rest of the world as a disaster area from which lucky or pushy people emigrate to the Promised Land.”

People World Self America Political United States Economic Land Citizens Lucky Areas Regard Disaster Arrogance Isolation Self Sufficiency Sufficiency Promised Land Pushy

Author:Alison Lurie

“In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.”

“Many of us regard ourselves as mildly liberal or centrist politically, voice fairly pleasant sentiments about our poor children, contribute money to send poor kids to summer camp, feel benevolent. We're not nazis; we're nice people. We read sophisticated books. We go to church. We go to synagogue. Meanwhile, we put other people's children into an economic and environmental death zone. We make it hard for them to get out. We strip the place bare of amenities. And we sit back and say to ourselves, "Well, I hope that they don't kill each other off. But if they do, it's not my fault.”

“While I am as convinced a Socialist as the most ardent Marxian, I do not regard Socialism as a gospel of proletarian revenge, nor even, primarily, as a means of securing economic justice. I regard it primarily as an adjustment to machine production demanded by considerations of common sense, and calculated to increase the happiness, not only of proletarians, but of all except a tiny minority of the human race.”

Source: The Collected Papers of Bertrand Russell

“It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have come to regard economic theory in precisely the same way the ancient philosophers viewed the heavens - as the key to understanding and controlling our fate.”

Way Mind Matter Heaven Understanding Fate Economic Theory Keys Concerned Regard Ancient Philosopher Surprising Great Minds Economic Theory

Book:Unlimited Wealth: The Theory and Practice of Economic Alchemy

Source: Unlimited Wealth: The Theory and Practice of Economic Alchemy

“There are differences of opinion, especially when it comes to economic and financial policy. But when it comes to foreign and especially immigration policy, we are in agreement. No other countries in Europe are closer to each other in this regard than Italy and Germany.”

Country Differences Opinion Economic Policy Europe Regard Financial Immigration Germany Agreement Other Countries Differences Of Opinion Immigration Policy

Author:Paolo Gentiloni