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Economics Quotes

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Economics Quotes

“Without evading the grimness of life in much of modern Africa, one can recognize that this continent is not yet sick as our continent is sick. Most Africans remain plugged into reality. In contrast we have become disconnected from it, reduced to compulsively consuming units, taught to worship 'economic growth' - the ultimate unreality in a finite world.”

World Reality Growth Economic Modern Taught Worship Economics Ultimate Sick Contrast Continents Units Finite Economic Growth Consuming Disconnected Unreality

Author:Dervla Murphy

“Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.”

Philosophy Political Growth Economic Economics Trade Goods Globalization Economic Growth Spurs Free Trade

Author:Robert Reich

“If we only have great companies, we will merely have a prosperous society, not a great one. Economic growth and power are the means, not the definition, of a great nation.”

Ifs Mean Nations Growth Company Power Economic Greatness Economics Definitions Prosperous Economic Growth Great Ones Great Nations Great Company

Author:James C. Collins

“Economic growth without social progress lets the great majority of the people remain in poverty, while a privileged few reap the benefits of rising abundance.”

Source: Public Papers of the Presidents of the United States: John F. Kennedy, 1961

“The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.”

Real Philosophy Bigs Political Nations Growth Economic Standards Economics Investment Rate Factors Saving Productive Wages Promoting Economic Growth Payoff

Author:Paul Samuelson

“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably.”

Ifs Way Country Growth Business Environment Growing Economic Economics Economic Growth Business Growth Forfeit

Author:Tony Blair

“For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.”

“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

“Majority of the African countries are now enjoying stable governance. Before you talk about economic growth, political stability is key.”

Country Political Enjoy Growth Economic Keys Economics Majority Stability Stable Governance Economic Growth

Author:Goodluck Jonathan

“Almost all systems of economic thought are premised on the idea of continued economic growth, which would be fine and dandy if we lived on an infinite planet, but there's this small, niggling, inconvenient fact that the planet is, in fact, finite, and that, unlike economic theory, it is governed by physical and biological reality”

Ifs Ideas Facts Reality Would Be Growth Business Economic Planets Theory Fine Economics Infinite Management Finite Economic Growth Inconvenient Economic Theory Dandy

Author:George Monbiot

“We cannot choose between [economic] growth and sustainability - we must have both”

Choices Growth Business Economy Economic Economics Sustainability Economic Growth

Author:Paul Polman