Home / Topics / Economics Quotes

Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“If you wish to prosper, let your customer prosper. When people have learned this lesson, everyone will seek his individual welfare in the general welfare. Then jealousies between man and man, city and city, province and province, nation and nation, will no longer trouble the world.”

People Ifs Men World Individual Nations Wish Cities Liberty Trouble Economic Lessons Economics Customers Welfare Provinces General Welfare

Author:Frederic Bastiat

“They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.”

Ends Economy Rich Economics Competition Endure Customers Expenses Monopoly

Author:Frederic Bastiat

“The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.”

Real Discipline Losing Economics Customers Employment Fraud Hype Workmen Negligence

Book:An inquiry into the nature and causes of the wealth of nations

Source: An inquiry into the nature and causes of the wealth of nations

“In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he’s unable to prevent himself from being continually dominated.”

Kind Doe Hands Products Economics Population Credit Debt Customers Nightmare Neighborhood Cracks Engines Bubbles Brutal Efficiency Ghetto Heroin Dope Casinos Scams

Author:Matt Taibbi

“Never treat your audience as customers, always as partners.”

Business Audience Economics Treats Management Customers Partners

Author:James Stewart

“What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.”

People Men Common Pay Liberty Capitalism Economics Conservative Customers Libertarian Satisfying Libertarianism Common Man

Author:Ludwig von Mises

“The intellectual's hostility to the businessman presents no mystery, as the two have, by function, wholly different standards. While the businessman's motto is the customer is always right, the intellectual's task is to preserve his perceived standards against the weight of popular opinion.”

Two Different Philosophy Political Opinion Mystery Intellectual Standards Economics Tasks Weight Function Customers Preserves Businessman Motto Hostility Popular Opinion

Author:Bertrand de Jouvenel

“People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.”

“Environmental policies are not just about good publicity; they are about responding to the moral imperative to address both climate change and resource depletion...A company culture that is based on measuring everything in purely financial terms will be crippled by a high turnover of staff, customers and suppliers”

“Conducting your business in a socially responsible way is good business. It means that you can attract better employees and that customers will know what you stand for and like you for it”

Knows Way Mean Business Like You Economics Responsible Management Customers Employee Conducting Good Business Responsible Business

Author:M. Anthony Burns

“As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.”

Writing Decision Company Economics Bases Customers Reports Massachusetts Portfolios Cambridge Part Time Undergraduate

Author:Merton Miller