Best economics & financial Quotes | Short & Famous Sayings

“Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.”

Values Courses Economics Method Financial Statements Trading Misunderstanding Transactions

Book:Knowledge And Decisions

Source: Knowledge And Decisions

“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.”

“The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.”

Ifs World Real Enough Understanding Interest Economy Worst Essentials Lows Economics Rate Financial Zero Messed Up Interest Rate World Economy Financial System

Author:Paul Krugman

“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.”

“The economics of television syndication and DVD sales mean that there's a tremendous financial pressure to make programs that can be watched multiple times, revealing new nuances and shadings on the third viewing. Meanwhile, the Web has created a forum for annotation and commentary that allows more complicated shows to prosper, thanks to the fan sites where each episode of shows like 'Lost' or 'Alias' is dissected with an intensity usually reserved for Talmud scholars.”

“Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.”

Thinking May Reality Events Economics Crisis Complexes Financial Conceit Wishful Thinking Financial Crisis Economic Crisis

Author:Andrew Lo

“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

“Obama liberals, in their incalculable arrogance, believe they are smart enough to defy everything we know about human nature, economics and history by insisting on separating financial efforts from rewards and pretending this can bring prosperity.”

Knows Believe Humans Enough Effort Human Nature Smart Economics Rewards Financial Prosperity Arrogance Pretending Separating Insisting

Author:David Limbaugh

“I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.”

“I also want to raise the possibility that there are, in the very long term, "virtue effects" in economics- for instance that widespread corrupt accounting will eventually create bad long term consequences as a sort of obverse effect from the virtue-based boost double-entry book-keeping gave to the heyday of Venice. I suggest that when the financial scene starts reminding you of Sodomand Gomorrah, you should fear practical consequences even if you like to participate in what is going on.”

Ifs Want Should Long Book Term Virtue Effects Possibility Scene Consequence Economics Raises Financial Practicals Instance Long Term Venice Entry Accounting Reminding Boost Heyday

Author:Charlie Munger

“The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")”

“My biggest surprise of the year does involve Donald Trump and it involves his money. And I am one of the prominent disbelievers of his claims of wealth and how rich he was. He put out a press release before he did his financial disclosure form saying he made over $200 million from a TV show.If you know about the economics of televisions, that sounds impossible. I don`t believe it.”

“Women's battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”

Stills Home Roles Battle Economics Financial Equality Makers Specialty Money Maker Home Economics

Author:Paula Nelson

“If you're a realist, you know that people have different roles to play in politics, economics, and this is an important role, but I do think that there has to be an understanding of how what happens here on Wall Street has such broad consequences not just for the domestic but the global economy, so more thought has to be given to the process and transactions and regulations so that we don't kill or maim what works, but we concentrate on the most effective way of moving forward with the brainpower and the financial power that exists here.”

“My mother found a way out of a little one-bedroom apartment in Athens, Greece to bring Arianna to Cambridge to study economics and bring me to the Royal Academy in London with very few financial resources and no connections. She didn't know anybody in England, but she found a way. Her love for her daughters and seeing what they could be, motivated her and gave her the chutzpah, the courage, to break down barriers. When you have the motivation of love, you will find the way.”

“Buy land. They ain't making any more of the stuff.”

Stuff Land Advice Economics Financial

Author:Will Rogers

“If all the economists were laid end to end, they'd never reach a conclusion.”

“You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what your plan to do with your life. You don't have to justify your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts.”

Source: Brave Enough: A Mini Instruction Manual for the Soul

“Everything is on such a clear financial basis in France. It is the simplest country to live in. No one makes things complicated by becoming your friend for any obscure reason. If you want people to like you you have only to spend a little money. I spent a little money and the waiter liked me. He appreciated my valuable qualities. He would be glad to see me, and would want me at his table. It would be a sincere liking because it would have a sound basis. I was back in France.”

Source: The Sun Also Rises

“Lack of money is the root of of all evil.”

“Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.”

May Hard Philosophy Jobs Political Strong Sound Serious Economics Weak Institutions Financial Requirements Hearted Financial Institutions

Author:Paul Krugman

“In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.”

Wells Country Philosophy Political Bits Economy Successful Economics Decided Financial International Saving Asia Living On Financial Markets

Author:Jeffrey Sachs

“Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.”

People Should Real Philosophy Dream Political Turns Pay Four Hundred Economics Paid Financial Bridges Nightmare Engineers

Author:Andrew Sheng

“RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."”

Important Philosophy Political Too Much Failing Risk Discipline Lows Economics Institutions Financial Firm Macs Risk-taking Creditors Financial Institutions Mae

Author:Gary H. Stern

“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.”

“People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.”

“Economic dynamism can be combined with environmental and social responsibility. High financial returns can go hand in hand with respect for human rights, and the preservation of the planet's natural resources”

“Environmental policies are not just about good publicity; they are about responding to the moral imperative to address both climate change and resource depletion...A company culture that is based on measuring everything in purely financial terms will be crippled by a high turnover of staff, customers and suppliers”

“At nineteen I was pretty sure I was going to be a professional soccer player. At that time I played for one of the Norwegian premier leagues. But I tore ligaments in both knees, so I started studying business administration and economics and became a financial analyst, and I worked at a brokerage firm as a stockbroker.”

Study Player Economics Financial Administration Soccer Firm Knees League Analysts Nineteen Premier League Soccer Player Norwegians Stockbrokers Business Administration

Author:Jo Nesbo

“Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.”

World Eye Order Reading Economic Events Economics Financial Currents Various Around The World Discovering Economist Geopolitics Facets Current Events

Author:Kurt Bills

“....the globalization that characterizes today's economics goes beyond or eludes the sovereignty of individual states, and thus the power of their rulers. It is not they, but rather financial groups in control of vast amounts of capital, who decide upon their vertiginous passage through nations, without taking into account the serious crises they might generate.”

States Might Today Individual Nations Groups Serious Amount Economics Accounts Crisis Financial Passages Rulers Sovereignty Globalization Elude Economic Globalization Decide Upon

Author:Patricio Aylwin

“The real wealth of a nation is its people. And the purpose of development is to create an enabling environment for people to enjoy long, healthy, and creative lives. This simple but powerful truth is too often forgotten in the pursuit of material and financial wealth.”

“My mother is an office manager, my father a professor of economics and financial planner.”

Mother Father Office Economics Financial Managers Professors Planners

Author:Poppy Z. Brite

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”

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