“We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after science gets that way from time to time. When it does, we're in real trouble.” WayDoeRealTroubleDangerEconomicsAssumptionDeductions Author:W. Brian Arthur
“I focus most of my attention on Hillary Clinton and her disastrous policies. I mean, there's a real danger in this election. Electing Hillary Clinton in an era where we now are so pessimistic about the future, would double down on [Barack] Obama economics and a failed foreign policy - so most of my attention is about my record and about defeating Hillary Clinton.” MeanRealAttentionRecordsFocusDangerPolicyEconomicsElectionClintonBarackErasForeign PolicyPessimistic Author:Jeb Bush
“The greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.” MenGovernmentTodayPowerfulLibertyEconomicModernDangerHe ManNeededConcernedEconomicsRegardExpertsMost PowerfulEfficientPublic GoodAdministrators Author:Friedrich August von Hayek
“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.” WorldHomeExistenceDangerSourceProtectEconomicsTradeSellsCompetitionProtectionAlternativesConsumersProtectedMonopolyFree TradeSellers Author:Milton Friedman
“The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers to an industry and sub-normal profits seem to drive away those who are in an industry, some writers are inclined to define normal profits as the earnings of the fixed resources in an industry which neither grows nor declines in size or number of firms. It should be clear that such a definition is useless: it muddles together attractiveness and actual afflux, desirbility of entry and ease of entry, zero profits and monopoly rents.” ShouldSeemsTogetherGrowsNumbersClearDangerIndustryNormalConceptsResourcesEconomicsSizeDefinitionsProfitUselessEaseFirmDiscussionFixedZeroInvitesDeclineEarningPropositionsMonopolyEntryAttractivenessMuddleNewcomers Author:Fritz Machlup
“Unemployment is bigger than a political party. It is a national danger and a national scandal.” PoliticalPartyDangerEconomicsBiggerUnemploymentPolitical PartiesScandal Author:Ellen Wilkinson
“I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared” FirstsImportantPhilosophyPoliticalEconomyVirtueDangerRepublicanEconomicsDebt Author:Thomas Jefferson
“The human person is in danger: this is certain, the human person is in danger today, here is the urgency of human ecology! And it is a serious danger because the cause of the problem is not superficial but profound: it is not just a matter of economics, but of ethics and anthropology.” HumansPersonsMatterProblemTodayCertainCausesCommonDangerSeriousEthicsEconomicsProfoundEcologySuperficialUrgencyAnthropologyCommon Good Author:Pope Francis