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Economics Quotes

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Economics Quotes

“A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.”

Ability Failing Duty Citizens Economics Casts Civics Ballots Civic Duty

Author:Ludwig von Mises

“It's no accident that capitalism has brought with it progress, not merely in production but also in knowledge. Egoism and competition are, alas, stronger forces than public spirit and sense of duty.”

Spirit Force Liberty Progress Duty Capitalism Economics Stronger Competition Productions Accidents Libertarian Libertarianism Alas Egoism

Book:The Albert Einstein Collection: Essays in Humanism, The Theory of Relativity, and The World As I See It

Source: The Albert Einstein Collection: Essays in Humanism, The Theory of Relativity, and The World As I See It

“Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.”

Young Social Parent Liberty Support Security Duty Economics Libertarian Libertarianism Social Security Compulsion Transfers Compulsory

Book:Bright Promises, Dismal Performance: An Economist's Protest

Source: Bright Promises, Dismal Performance: An Economist's Protest

“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

“...the institutional arrangement whereby most professional economists are heavily burdened with teaching and administrative duties may militate against a sufficient admixture of the more laborious forms of statistical and field work.”

May Form Teaching Fields Duty Economics Sufficient Arrangements Economist Administrative

Author:Sir Henry Roy Forbes Harrod

“The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the interest, or more properly speaking, for the ease of the masters. Its object is, in all cases, to maintain the authority of the master, and whether he neglects or performs his duty, to oblige the students in all cases to behave toward him as if he performed it with the greatest diligence and ability.”

Ifs Interest Ability Cases Objects Students College Masters Duty Discipline Authority Benefits Economics University Ease Behave Neglect Diligence Colleges And Universities

Author:Adam Smith

“The problem with the old ideology was that it suppressed the individual by starting with society. But it is from a sense of individual duty that we connect the greater good and the interests of the community”

Problem Individual Interest Community Greater Duty Economics Starting Ideology Greater Good

Author:Tony Blair

“Today, the UK must be the pioneer of a new model of economic change, that integrates social and environmental consideration. This is not just a question of values and moral duty. It is about our economy's capacity to sustain itself”

“Science is not enough, religion is not enough, art is not enough, politics and economics are not enough, nor is love, nor is duty, nor is action however disinterested, nor, however sublime, is contemplation. Nothing short of everything, will really do.”

Art Enough Action Duty Art Is Economics Contemplation Sublime Disinterested Politics And Economics

Author:Aldous Huxley