Best economics & activity Quotes | Short & Famous Sayings

“Violent resistance against the power of the state is the last resort of the minority in its effort to break loose from the oppression of the majority. ... The citizen must not be so narrowly circumscribed in his activities that, if he thinks differently from those in power, his only choice is either to perish or to destroy the machinery of state.”

Source: The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

“Having taught economics courses at private vocational schools and universities, I have always had a problem with GNP as a yardstick of prosperity. GNP is improved by increases in questionable activities such as consumption of cigarettes and the production of weapons. Moreover, a substantial increase in car accidents will favorably affect GNP because more funerals, hospital visits, car repairs, and new car purchases will result.”

“For one thing, there are many "inventions" that are not patentable. The "inventor" of the supermarket, for example, conferred great benefits on his fellowmen for which he could not charge them. Insofar as the same kind of ability is required for the one kind of invention as for the other, the existence of patents tends to divert activity to patentable inventions.”

Kind Ability Existence One Thing Example Activity Benefits Economics Invention Inventor Patents Supermarkets

Book:Capitalism and Freedom: Fortieth Anniversary Edition

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“The primary conflict, I think, is between people whose interests are with already well-established economic activities, and those whose interests are with the emergence of new economic activities.”

People Thinking Wells Interest Economic Activity Conflict Economics Primaries Emergence

Book:The Economy of Cities

Source: The Economy of Cities

“owning capital is not a productive activity.”

Money Activity Economics Productive

Book:Essay on Marxian Economics

Source: Essay on Marxian Economics

“Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring.”

Ifs Thinking Wells Jobs Passion Hours Pay Activity Picks Economics Trade Assuming Boring Planning Leisure Time Off Trade Offs Passion For Work

Author:Emily Oster

“Society needs to see science not as a luxury of funding but as a fundamental activity that drives enlightenment, economics, and security.”

Needs Security Activity Enlightenment Economics Fundamentals Luxury Funding

Author:Neil deGrasse Tyson

“Agriculture is one economic activity that does not obey the laws of demand and supply.”

Doe Law Economic Activity Demand Economics Agriculture

Author:John Kenneth Galbraith

“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

“Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities.”

Philosophy Political Politics Hours Results Liberty Activity Taxes Economics Labor Various Libertarian Libertarianism Earning Taxation Seizing Fiscal Policy

Author:Robert Nozick

“Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.”

“Lobbying' is the activity of attempting to influence legislation by privately influencing the legislators. It is the result and creation of a mixed economy-of government by pressure groups. Its methods range from mere social courtesies and cocktail-party or luncheon "friendships" to favors, threats, bribes, blackmail.”

Source: The Voice of Reason: Essays in Objectivist Thought

“Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.”

Source: Milton Friedman on Freedom: Selections from The Collected Works of Milton Friedman

“The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.”

Desire Liberty Activity Economics Competition Profit Libertarian Libertarianism Businessman Engaging

Book:Knowledge And Decisions

Source: Knowledge And Decisions

“How about no income tax at all on people over 65? People would continue working, remain healthier, not be an economic and social drain on society. Then the elderly would also have more disposable income to help charitable activities.”

People Helping Social Economy Economic Activity Taxes Economics Income Optimistic Philanthropy Elderly Drains Income Tax Charitable Disposable

Author:John Templeton

“Economic activity is carried out by individuals in organisations that require a high degree of social co-operation”

Individual Social Economic Activity Degrees Economics Operations Organisation

Author:Francis Fukuyama

“Liberalism is, in fact, the ideology of the capitalist revolution that prodigiously raised the living standards of the mass of people; a doctrine gradually elaborated over several centuries, which offered a new concept of social order, encompassing freedom in the only form suited to the modern world. Step by step, in practice and theory, the various sectors of human activity were withdrawn from the jurisdiction of coercive authority and given over to the voluntary action of self-regulating society.”

“The timing & characteristics of state intervention affect not only organizational tactics and strategies, but the content and definition of interest itself... Some scholars have directly stressed that state interventions create corporatist forms... the formation, let alone the political capabilities, of such purely socioeconomic phenomena as interest groups and classes depends in significant measure on the structures and activities of the very states the social actors, in turn, seek to influence.”

“The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.”

Problem Interest Economy Issues Periods Activity Lows Concerned Economics Rate Sensitive Inflation Interest Rate

Author:Sam Zell

“Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.”

Ifs Real Reality Interest Economy Economic Building Activity Office Economics Filled Rate Employment Employee Apartment Estates Interest Rate Office Buildings Bullish

Author:Sam Zell

“In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.”

Use Process Quality Products Easier Activity Economics Increase Raises Productivity Chemicals Contrast Manufacturing Impervious Mechanization

Author:Ha-Joon Chang

“To those who say climate change is not caused by human activity or that addressing it will harm the economy, let's encourage them to go to college, too, and to study physics and to study economics, but for the rest of us, let's get to work.”

Humans Economy Study College Activity Economics Climate Climate Change Harm Physics Human Activity

Author:Martin O'Malley

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