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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.”

People Thinking Reason Political Politics Economics Alternatives Liberalism

Author:John Kenneth Galbraith

“As long as we issue fiat currency, I see no alternative to a legal tender law.”

Long Law Money Issues Economics Alternatives Currency Taxation

Author:Alan Greenspan

“Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.”

Ifs Belief History Power Learning Theory Economics Thirds Determine Alternatives Nothing New Saying Nothing

Book:General Theory Of Employment , Interest And Money

Source: General Theory Of Employment , Interest And Money

“Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.”

Humans Mean Ends Use Study Economics Alternatives Behaviour Scarce Human Behaviour

Author:Bill Vaughan

“The technologies for the alternative energy sources exists today. The economics are compelling. The public health is compelling. Why would we maintain a focus on a 17th-century technology, when there are 21st-century alternatives that are both necessary and available? And the answer is the subversion of democracy.”

Today Energy Answers Technology Democracy Focus Century Source Economics Available Alternatives Compelling 21st Century Public Health Energy Sources Subversion 17th Century Alternative Energy

Author:Robert F. Kennedy, Jr.

“I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.”

“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.”

Way Years Certain Grows Wonderful Risk Information Internet Advantage Years Ago Economics Threat Newspapers Mediums Certainty Alternatives Fabulous Dominance

Author:Charlie Munger

“Economics and politics are so intertwined and interlinked that politics now, mainstream politics, extreme center politics, are little else but a version of concentrated economics. And this means that any alternative - alternative capitalism, left Keynesianism, intervention by the state to help the poor, rolling back the privatizations - becomes a huge issue. The entire weight of the extreme center and its media is turned against it, which in reality now is beginning to harm democracy.”

“Quality is never an accident. It is always the result of intelligent effort.”

“Economics make homeopath and alternative healers look empirical and scientific.”

Looks Economics Alternatives Healer

Author:Nassim Nicholas Taleb

“Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.”

Way Philosophy Use Purpose Values Literature Causes Economy Study Effects Consequence Resources Economics Various Alternatives Cause And Effect

Book:Basic Economics: A Citizen's Guide to the Economy

Source: Basic Economics: A Citizen's Guide to the Economy

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Should Mean Results Liberty Economic Involved Economics Crisis Finals Credit Alternatives Collapse Currency Expansion Avoiding Catastrophe Abandonment

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.”

World Home Existence Danger Source Protect Economics Trade Sells Competition Protection Alternatives Consumers Protected Monopoly Free Trade Sellers

Author:Milton Friedman

“The only answer to the endless chains of why, why, why is that the alternatives died”

Answers Economics Died Endless Chains Alternatives

Author:Daniel Dennett

“The modern joint stock firm is the outcome of innumerable decisions made by individual entrepreneurs, owners and managers. For these decision makers the choices among alternatives were limited and the outcomes uncertain, but almost always there were choices. Despite the variability of these individual decisions, taken cumulatively they produced clear patterns of institutional change”

“I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.”

“I became a vegetarian in 1958 and it was very difficult in those days to really maintain that because there weren't many options... alternatives. But, now, it's a growing trend because... the economics are there. See, there's simply enough people demanding it that it's profitable to supply vegetarians with those products.”

People Enough Difficult Growing Products Economics Alternatives Vegetarian Trends Profitable

Author:Dennis Weaver

“But the thought leaders on talk radio and Fox do more than shape opinion. Backed by their own wing of the book-publishing industry and supported by think tanks that increasingly function as public-relations agencies, conservatives have built a whole alternative knowledge system, with its own facts, its own history, its own laws of economics.”