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Economics Quotes

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Economics Quotes

“Those, who are strongly wedded to what I shall call 'the classical theory', will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right.”

Ifs Belief History Power Learning Theory Economics Thirds Determine Alternatives Nothing New Saying Nothing

Book:General Theory Of Employment , Interest And Money

Source: General Theory Of Employment , Interest And Money

“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

“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

“The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders.”

“The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.”

Men Should Common Quality Liberty Economic Economics Determine Consumers Buying Quantity Sovereign Common Man Abstention Quantity And Quality

Book:Anti-Capitalistic Mentality, The

Source: Anti-Capitalistic Mentality, The

“Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.”

Humans Ideas Reason Courses Force Common Liberty Moral Economic Materials Needed Economics Affair Determine Socialism Common Sense Productive Trends Despotism Moral Courage

Book:Planned Chaos

Source: Planned Chaos

“The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It determines the whole process of human history.”

Humans Whole Process Opinion Roles Economics Historical Complexes Determine Public Opinion Human History Supremacy

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models.”

Way Humans Economic Modern Models Economics Determine Mathematical Uncertainty Realms Behaviour Formal Equations Human Behaviour Mathematical Models

Author:Murray Rothbard

“Movements have narratives. They tell stories, because they are not just about rearranging economics and politics. They also rearrange meaning. And they're not just about redistributing the goods. They're about figuring out what is good.”

Stories Political Change Society Movement Goodness Economics Determine Meaningful Narrative Goods Distribution Wordplay Rearranging

Author:Marshall Ganz

“Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling.”

Art Law Wealth Society Concerned Economics Constant Determine Productions Distribution Ruling Laws Of Nature Distribution Of Wealth

Book:The Rise & Fall of Society

Source: The Rise & Fall of Society