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Economics Quotes

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Economics Quotes

“To balance Fortune by a just expense, Join with Economy, Magnificence.”

Economy Balance Economics Fortune Expenses Magnificence

Book:The Poetical Works of Alexander Pope Edited with Notes and Introductory Memoir by Adolphus William Ward

Source: The Poetical Works of Alexander Pope Edited with Notes and Introductory Memoir by Adolphus William Ward

“PLEASURE and pain are undoubtedly the ultimate objects of the calculus of economics. To satisfy our wants to the utmost with the least effort - to procure the greatest amount of what is desirable at the expense of the least that is undesirable - in other words, to maximize pleasure, is the problem of economics.”

Want Problem Pain Pleasure Effort Objects Amount Economics Ultimate Expenses Desirable Calculus Pain And Pleasure Undesirable

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.”

“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”

“Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”

Want States Government Forget Liberty Economics Libertarian Expenses Free Market Second Amendment Property Rights

Author:Frederic Bastiat

“Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.”

“They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.”

Ends Economy Rich Economics Competition Endure Customers Expenses Monopoly

Author:Frederic Bastiat

“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”

Should Rich Capitalism Economics Proportion Expenses Taxation Revenue Unreasonable Wealth Of Nations Progressive Taxation

Book:An inquiry into the nature and causes of the wealth of nations

Source: An inquiry into the nature and causes of the wealth of nations

“[L]iberty must at all hazards be supported. We have a right to it, derived from our Maker. But if we had not, our fathers have earned and bought it for us, at the expense of their ease, their estates, their pleasure, and their blood.”

Source: An Eulogy on John Adams and Thomas Jefferson, etc

“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

Source: The Law

“In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money.”

People Stills Ends Interest Liberty Economic Events Gains Economics Income Chains Fixed Expenses Loser Pension Receiver Chain Of Events Fixed Income

Author:Murray Rothbard

“If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves”

Ifs Giving Has Beens Politics Liberty Economic Politician Promise Economics Including Libertarian Complaining Voting Expenses Libertarianism

Author:Thomas Sowell

“The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.”

Passion Social Discipline Research Economics Mathematics Historical Over It Expenses Collaboration Get Over Speculation Theoretical Ideological Social Science Historical Research

Author:Thomas Piketty

“A tax is always a sacrifice which the government demands of individuals.While it only lessens every one's personal eǌoyments, it only shifts expenses from one to another.But when it encroaches on productive consumption it diminishes public riches.”

Philosophy Government Political Individual Sacrifice Demand Taxes Economics Riches Productive Expenses Consumption Diminish

Author:Antoine Destutt de Tracy

“With the old economics destroyed, organizational forms perfected for industrial production have to be replaced with structures optimized for digital data. It makes increasingly less sense even to talk about a publishing industry, because the core problem publishing solves — the incredible difficulty, complexity, and expense of making something available to the public — has stopped being a problem.”