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Economics Quotes

Browse 2895 quotes about Economics.

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Economics Quotes

“American influence in the world is certainly considerable, but the United States does not control, directly or indirectly, the politics and economics of other societies, as empires have always done, save for a few special cases that turn out to be the exceptions that prove the rule.”

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Book:The Case for Goliath: How America Acts as the World's Government in the
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“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

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Author:John F. Kennedy
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“The prosperity which now prevails is without parallel in our history. Fruitful seasons have done much to secure it, but they have not done all. The preservation of the public credit and the resumption of specie payments, so successfully attained by the Administration of my predecessors, have enabled our people to secure the blessings which the seasons brought.”

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Author:James A. Garfield
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“It is a privilege to be recognized by FDLA. I am a staunch believer that as a member of the Bar, we have the great privilege to represent clients in all facets of our practice, and that includes making the commitment to represent clients for whom access to representation and ultimately justice is limited by economics. As all of the “20 for 20 honorees have done, stepping up to meet that commitment is at the heart of what it means to be a lawyer. I hope the inspiring stories and contributions of my fellow honorees will shine a bright light on FDLA and this most important mission.”

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Author:Terrence J
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“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”

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Book:The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations
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“It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

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Author:John Ruskin
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“Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all . . . . It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain”

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Book:The Law
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“Nothing is done. Everything in the world remains to be done or done over. The greatest picture is not yet painted, the greatest play isn't written, the greatest poem is unsung. There isn't in all the world a perfect railroad, nor a good government, nor a sound law. Physics, mathematics, and especially the most advanced and exact of the sciences are being fundamentally revised. . . Psychology, economics, and sociology are awaiting a Darwin, whose work in turn is awaiting an Einstein.”

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Book:The autobiography of Lincoln Steffens: abridged
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“I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered difficult economics problems, when really they have done little more than learn the language in which parts of those problems can be expressed, and the machinery by which they can be handled. When the actual conditions of particular problems have not been studied, such knowledge is little better than a derrick for sinking oil-wells erected where there are no oil-bearing strata.”

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Author:Alfred Marshall
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“Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company.”

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Author:Robert J. Samuelson
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