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Economics Quotes

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Economics Quotes

“American influence in the world is certainly considerable, but the United States does not control, directly or indirectly, the politics and economics of other societies, as empires have always done, save for a few special cases that turn out to be the exceptions that prove the rule.”

World Doe States Done Turns United Cases United States Influence Special Prove Economics Empires Exception Politics And Economics

Book:The Case for Goliath: How America Acts as the World's Government in the

Source: The Case for Goliath: How America Acts as the World's Government in the

“I'd say that, in addition to actually taking my brother and sister and I camping and hiking and river rafting all our lives and introducing us to the power of natural landscapes, his [my father's] biggest impact on my thinking has been to always argue that the "spiritual case for Nature" was not going to outweigh the needs of 7 billion people and to insist that law, science and economics were the critical frameworks through which we had to defend the value of nature.”

“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?”

“Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?”

Giving Should Facts Cases Information Ignorance Theory Economics Scientist Expected Precise

Author:Friedrich August von Hayek

“Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.”

“This is one of those cases in which the imagination is baffled by the facts.”

Facts Imagination Cases Economy Ignorance Economics Baffled

Author:Adam Smith

“Since I was a law student, I have been against the death penalty. It does not deter. It is severely discriminatory against minorities, especially since they're given no competent legal counsel defense in many cases. It's a system that has to be perfect. You cannot execute one innocent person. No system is perfect. And to top it off, for those of you who are interested in the economics it, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole.”

“To top it off, for those of you who are interested in the economics, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole.”

Doe Cases Cost Economics Pursue Execution Death Penalty Imprisonment Full Life Parole Against Death Penalty

Author:Ralph Nader

“The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the interest, or more properly speaking, for the ease of the masters. Its object is, in all cases, to maintain the authority of the master, and whether he neglects or performs his duty, to oblige the students in all cases to behave toward him as if he performed it with the greatest diligence and ability.”

Ifs Interest Ability Cases Objects Students College Masters Duty Discipline Authority Benefits Economics University Ease Behave Neglect Diligence Colleges And Universities

Author:Adam Smith

“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”

Order Sides Cases Economy Cutting Mystery Effects Source Demand Economics Bases Spending Producers Finance Collapse Severe Ongoing Buyers Side Effects Deflation

Author:Ben Bernanke

“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“You know, in this business, you don't have any control over what the press says and how they portray things. And that's their prerogative. But I think anybody who looks at it objectively has trouble making the case that somehow this is a bad economy.”

Thinking Knows Looks Cases Economy Trouble Economics Presses Prerogative Trouble Making

Author:Dick Cheney

“International order is not an evolution; it is an imposition. It is the domination of one vision over others- in this case, the domination of liberal free market principles of economics, democratic principles of politics, and a peaceful international system over other visions that other nations and peoples may have. It will last only as long as those who favor it retain the capacity to defend it.”

Long Lasts Order Vision Principles Cases Evolution Capacity Economics Relation International Domination International Relations Imposition

Author:Robert Kagan