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Economics Quotes

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Economics Quotes

“The man of great wealth owes a peculiar obligation to the state because he derives special advantages from the mere existence of government.”

Men States Government Wealth Existence Special He Man Advantage Economics Mere Obligation Inequality Peculiar

Book:In the Words of Theodore Roosevelt: Quotations from the Man in the Arena

Source: In the Words of Theodore Roosevelt: Quotations from the Man in the Arena

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

States Government Political Certain Results Money Existence Power Economic Products Authority Economics Independent Invention Commodity Legislation Sanctions

Author:Carl Menger

“For one thing, there are many "inventions" that are not patentable. The "inventor" of the supermarket, for example, conferred great benefits on his fellowmen for which he could not charge them. Insofar as the same kind of ability is required for the one kind of invention as for the other, the existence of patents tends to divert activity to patentable inventions.”

Kind Ability Existence One Thing Example Activity Benefits Economics Invention Inventor Patents Supermarkets

Book:Capitalism and Freedom: Fortieth Anniversary Edition

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“The fundamental axiom, then, for the study of man is the existence of individual consciousness”

Men Individual Existence Consciousness Liberty Study Economics Fundamentals Axioms

Book:Economic Controversies

Source: Economic Controversies

“Facts do not cease to exist because they are ignored.”

“...the statement, "The purpose of the law is to cause justice to reign," is not a rigorously accurate statement. It ought to be stated that the purpose of the law is to prevent injustice from reigning. In fact, it is injustice, instead of justice, that has an existence of its own. Justice is achieved only when injustice is absent.”

Facts Law Purpose Causes Justice Existence Liberty Economic Ought Economics Injustice Statements Accurate Reign Absent

Book:The Law

Source: The Law

“The great danger to the consumer is the monopoly -whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.”

World Home Existence Danger Source Protect Economics Trade Sells Competition Protection Alternatives Consumers Protected Monopoly Free Trade Sellers

Author:Milton Friedman

“Human material existence is limited by ideas, not stuff, people don't need copper wires they need ways to communicate, oil was a contaminant, then it became a fuel”

People Way Needs Humans Ideas Stuff Existence Materials Economics Communicate Oil Fuel Wire Copper

Author:Paul Romer

“The general struggle for existence of animate beings is not a struggle for raw materials, these for organisms are air water & soil, all abundantly available, nor for energy which exists in plenty in the sun and any hot body in the form of heat, but rather a struggle for entropy, which becomes available through the transition of energy from the hot sun to the cold earth.”

“Economics brings into full view that conflict of choice which is one of the permanent characteristics of human existence.”

Humans Choices Views Existence Conflict Economics Permanent Characteristics Human Existence

Author:Lionel Robbins, Baron Robbins

“Republicans don't have to accept evolution, economics, climatology, or human sexuality, but I just watched a week of their national convention, and I need them to admit the historical existence of George W. Bush. If your party can run the nation for eight years and then have a national convention and not invite Bush, Cheney, Rumsfeld, Colin Powell, Karl Rove, or Tom DeLay, you're not a political movement, you're the witness protection program.”

“New York remains what it has always been : a city of ebb and flow, a city of constant shifts of population and economics, a city of virtually no rest. It is harsh, dirty, and dangerous, it is whimsical and fanciful, it is beautiful and soaring - it is not one or another of these things but all of them, all at once, and to fail to accept this paradox is to deny the reality of city existence.”

Reality Beautiful Cities Existence Accepting Failing Dangerous New York Economics Flow Remains Constant Population Deny Dirty Paradox Harsh Soar Whimsical Ebb And Flow

Author:Paul Goldberger

“I look in a right of property - on the right of individuals, to have and to own, for their own separate and selfish use and enjoyments, the produce of their own industry, with power freely to dispose of the whole of that in the manner most agreeable to themselves, as essential to the welfare and even to the continued existence of society.”

Looks Philosophy Whole Use Political Individual Existence Produce Industry Essentials Economics Property Selfish Welfare Enjoyment

Book:The Natural and Artificial Right of Property Contrasted. A Series of Letters Addressed, Without Permission, to H. Brougham, Esq., ... by the Author of

Source: The Natural and Artificial Right of Property Contrasted. A Series of Letters Addressed, Without Permission, to H. Brougham, Esq., ... by the Author of

“Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.”

Men Humans Philosophy Action Left Existence Civilization Office Concern Economics Circles Human Life Classroom Human Existence Esoteric

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“One of the anomalies of modern ecology is the creation of two groups, each of which seems barely aware of the existence of the other. The one studies the human community, almost as if it were a separate entity, and calls its findings sociology, economics and history. The other studies the plant and animal community and comfortably relegates the hodge-podge of politics to the liberal arts. The inevitable fusion of these two lines of thought will, perhaps, constitute the outstanding advance of this century.”

Source: Aldo Leopold: A Sand County Almanac & Other Writings on Conservation and Ecology: (Library of America #238)