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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“PLEASURE and pain are undoubtedly the ultimate objects of the calculus of economics. To satisfy our wants to the utmost with the least effort - to procure the greatest amount of what is desirable at the expense of the least that is undesirable - in other words, to maximize pleasure, is the problem of economics.”

Want Problem Pain Pleasure Effort Objects Amount Economics Ultimate Expenses Desirable Calculus Pain And Pleasure Undesirable

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“There exists no third principle for the organisation of the economics process which can be rationally chosen to achieve any desirable ends, in addition to either a functioning market in which nobody can conclusively determine how well-off particular groups or individuals will be, or a central direction where a group organised for power determines it.”

Wells Ends Individual Process Principles Groups Achieve Particular Economics Thirds Determine Chosen Desirable Organisation Organised

Author:Friedrich August von Hayek

“He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.”

Men Action Passion Goal Pay Emotion Liberty Economic Emotional Economics Impulse Desirable Input Output Deliberation Valuation

Book:Human Action

Source: Human Action

“All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.”

Ends States Views Liberty Failing Economic Achieve Economics Affair Point Of View Variety Supporter Desirable Interference Valuation

Book:Bureaucracy

Source: Bureaucracy

“Human beings are no longer born to their place in life...but are free to employ their faculties and such favorable chances as offer, to achieve the lot which may appear to them as desirable.”

Humans May Born Chance Human Beings Achieve Offers Economics Faculty Desirable Place In Life

Author:John Stuart Mill

“Cultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the cultures we possess vary enormously. Indeed, the variability, over time and space is the great evolutionary advantage of humanity. Instead of changing biologically over millennia, human beings can change culturally over decades”

Humans Humanity Culture Human Beings Space Animal Diversity Advantage Economics Decades Inevitable Desirable Time And Space Vary Cultural Diversity Cultural Change Variability

Author:Martin Wolf

“To be sure, mathematics can be extended to any branch of knowledge, including economics, provided the concepts are so clearly defined as to permit accurate symbolic representation. That is only another way of saying that in some branches of discourse it is desirable to know what you are talking about.”

Knows Way Talking Knowledge Concepts Economics Mathematics Including Math Defined Mathematical Branches Permit Accurate Representation Discourse Desirable Another Way Symbolic

Book:The World of Mathematics

Source: The World of Mathematics