Best economics & demand Quotes | Short & Famous Sayings

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

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

“Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.”

Ifs Way Should Looks States Enough Use Hands Principles Policy Huge Demand Aspect Economics Mess Beer Gas Regulation Transportation Preventing Daycare

Author:Jeffrey Tucker

“I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.”

People Way Kind Important Stories Able Numbers Economic Lucky Demand Economics Radio Storytelling Finance Print

Author:David Plotz

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.”

Ifs Problem Masters Demand Resources Economics Infinite Fundamentals

Book:In Defence of Politics

Source: In Defence of Politics

“Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.”

“As to the latter point - that by having a child in America you are somehow starving a child in Bangladesh - remember that agricultural economics is not a zero-sum game. Farmers want to make a living, so as demand increases, so does production. Not only that, but agricultural productivity has increased so rapidly that in some countries the government pays farmers not to plant crops in an effort to keep food prices from dropping.”

“A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.”

Amount Demand Economics Labor Determine Determined Devoted Commodity Employed Remuneration

Author:Millicent Fawcett

“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

“The use of force is easy to rationalize in terms of basic economics. 'We should make them PAY for what they've done!' It's just the law of demand: raise the price of crossing us, and fewer people will cross us. Make the price another Hiroshima, and perhaps the quantity demanded will fall to zero.”

People Should Done Use Law Fall Force Easy Term Pay Demand Economics Crosses Raises Zero Fewer Quantity Crossings Hiroshima Rationalize Use Of Force

Author:Bryan Caplan

“Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor.”

“As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.”

Men Country Natural Land Produce Demand Economics Property Reap Private Property Property Rights Landlord Economic Inequality Real Property

Book:An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

Source: An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

“[Wise men] have tried to understand our state of being, by grasping at its stars, or its arts, or its economics. But, if there is an underlying oneness of all things, it does not matter where we begin, whether with stars, or laws of supply and demand, or frogs, or Napoleon Bonaparte. One measures a circle, beginning anywhere.”

Ifs Men Doe Art Matter States Law Stars Wise Demand Economics All Things Circles Oneness Frogs Grasping Supply And Demand Bonaparte

Book:Lo!

Source: Lo!

“Public education is the key civil rights issue of the 21st century. Our nation's knowledge-based economy demands that we provide young people from all backgrounds and circumstances with the education and skills necessary to become knowledge workers. If we don't, we run the risk of creating an even larger gap between the middle class and the poor. This gap threatens our democracy, our society and the economic future of America.”

“Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential conditions for the preservation of such a society that we do not countenance envy, not sanction its demands by camouflaging it as social justice, but treat it, in the words of John Stuart Mill, as 'the most anti-social and evil of all passions.'”

“Every movement that seeks to enslave a country, every dictatorship or potential dictatorship, needs some minority group as a scapegoat which it can blame for the nation's troubles and use as a justification of its own demands for dictatorial powers. In Soviet Russia, the scapegoat was the bourgeoisie; in Nazi Germany, it was the Jewish people; in America, it is the businessmen.”

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“Unlike the Marxists, the Nazis did not advocate public ownership of the means of production. They did demand that the government oversee and run the nation's economy. The issue of legal ownership is secondary; what counts is the issue of control. Private citizens, therefore, may continue to hold titles to property-so long as the state res...erves to itself the unqualified right to regulate the use of their property.”

May Mean Long States Use Government Running Nations Liberty Economy Issues Economic Citizens Demand Economics Property Productions Titles Ownership Nazi Marxist Unqualified

Author:Leonard Peikoff

“If you would not confront your neighbor and demand his money at the point of a gun to solve every new problem that may appear in your life, you should not allow the government to do it for you.”

Ifs Should May Problem Government Liberty Demand Gun Economics Solve Libertarian Neighbor Libertarianism

Author:William E. Simon

“Social Science, is not a 'gay science' but rueful, which finds the secret of this universe in 'supply and demand' and reduces the duty of human governors to that of letting men alone. Not a 'gay science', no, a dreary, desolate, and indeed quite abject and distressing one; what we might call, the dismal science”

Men Humans Might Universe Social Secret Ignorance Duty Gay Demand Economics Governors Dreary Social Science Desolate Distressing Supply And Demand

Book:The Selected Works of Thomas Carlyle

Source: The Selected Works of Thomas Carlyle

“A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."”

Needs Looks Said Perfect Numbers Saws Industry Demand Models Economics Function Infinite Competition University Firm Chicago Formulas Colleagues Economist Elasticity Perfect Competition

Author:Matthew Rabin

“We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.”

Wells Might Values Pieces Cutting Demand Paper Economics Pairs Disputes Blades Scissors

Book:Principles of Economics: Unabridged Eighth Edition

Source: Principles of Economics: Unabridged Eighth Edition

“Supply creates its own demand.”

Demand Economics Supply And Demand

Book:Jean-Baptiste Say and Political Economy

Source: Jean-Baptiste Say and Political Economy

“What an English King has no right to demand, an English subject has a right to refuse”

Subjects Kings Demand Economics Refuse

Author:John Hampden

“Socialism has never and nowhere been at first a working-class movement. It is by no means an obvious remedy for the obvious evil which the interests of that class will necessarily demand. It is a construction of theorists.”

Firsts Mean Philosophy Political Evil Interest Class Movement Demand Economics Obvious Socialism Construction Remedy Working Class Theorists

Author:Friedrich August von Hayek

“It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.”

“A tax is always a sacrifice which the government demands of individuals.While it only lessens every one's personal eǌoyments, it only shifts expenses from one to another.But when it encroaches on productive consumption it diminishes public riches.”

Philosophy Government Political Individual Sacrifice Demand Taxes Economics Riches Productive Expenses Consumption Diminish

Author:Antoine Destutt de Tracy

“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

“America has much to gain in terms of jobs and trade by meeting the growing world demand for advanced, environmentally sound technologies.”

World Jobs America Sound Term Technology Economy Environment Growing Demand Gains Economics Trade Meetings

Author:John McCain

“The Players Association has on the table a demand which doesn't recognize the reality of our league's economics today. It's a very excessive and unrealistic demand.”

Reality Today Player Demand Economics Tables League Association

Author:Paul Tagliabue

“Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.”

Use Black Levels Quality Four Products Demand Economics Conservative Controlled Free Market Imposition Deterioration Supply And Demand

Author:Thomas Sowell

“In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.”

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