Best economics & income Quotes | Short & Famous Sayings

“Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models ... have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, ... the index of increasing income or an increasing flow of commodities.”

“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.”

Two Problem Wisdom Politics Results Economy Clear Economic Economics Labor Income Factors Liberalism Productive Thinker Distribution Economic Problems

Author:Louis O. Kelso

“Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.”

Wisdom Politics Economy Modern Economics Accepted Income Analysis Liberalism Distribution Fads Cranky

Author:Paul Samuelson

“Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.”

Done Economics Method Income Saving Distribution

Book:Essay on Marxian Economics

Source: Essay on Marxian Economics

“Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.”

Littles Shows Interest Economy Issues Fields Particular Economics Fundamentals Income Distribution Sweeping Revolving Income Distribution

Author:Thomas Sowell

“The basic issue of an American society which is fair, which is providing opportunity for all, is nowadays being replaced by the correct perception that we're living in a rigged economy - where it doesn't matter how hard you worked, the result will be all the income goes to the people at the very top. It's leading to a lot of frustration and anger, and people want some fundamental changes to the way we do economics and growth.”

People Way Want Matter Hard Opportunity Growth Results Economy Issues Perception Fairs Economics Fundamentals Income Frustration Providing Replaced American Society Rigged

Author:Bernie Sanders

“The theory of the IRS is rather repugnant to me because the assumption is made that I, the government, owns 100% of your income and I permit you to keep 5%, 10% or 20%. You're vulnerable, you've sold out. The government can take 80% if they want, which they did at one time.”

Ifs Want Made Government Theory Economics Income Vulnerable Assumption Permit One Time Irs Sold Out

Author:Ron Paul

“Mothers work outside the home for many reasons; one of them is almost always because their families need their income to live up to their standards for their children.”

Needs Children Reason Home Mother Family Standards Economics Work Out Income

Book:All Our Children: The American Family Under Pressure

Source: All Our Children: The American Family Under Pressure

“Religion to be true must satisfy what may be termed humanitarian economics, that is, where the income and the expenditure balance each other.”

May Religion Balance Economics Humanitarian Income Being True Expenditures

Book:How to Serve the Cow

Source: How to Serve the Cow

“Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.”

“Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.”

“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”

Philosophy Facts Political Literature Cold Economics Prosperity Income Despite Distribution Fervent Income Distribution

Author:Thomas Sowell

“Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.”

Way Doe Realizing Simple Cutting Taxes Economics Income Tax Cuts Trickle Down Trickle Down Economics Income Redistribution

Author:Ha-Joon Chang

“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

“Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we'd call it theft. When government does it, we euphemistically call it income redistribution, but that's exactly what thieves do - redistribute income. Income redistribution not only betrays the founders' vision, it's a sin in the eyes of God.”

Giving Persons Doe Two Government Eye Three Sin Liberty Vision Economic Economics Thirds Property Income Budgets Betray Thieves Founders Theft Income Redistribution

Author:Walter E. Williams

“How about no income tax at all on people over 65? People would continue working, remain healthier, not be an economic and social drain on society. Then the elderly would also have more disposable income to help charitable activities.”

People Helping Social Economy Economic Activity Taxes Economics Income Optimistic Philanthropy Elderly Drains Income Tax Charitable Disposable

Author:John Templeton

“All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.”

Law Liberty Judging Taxes Economics Congress Libertarian Lawyer Income Conventions Wizards Income Tax Accountants Tax Burden

Author:Walter Wriston

“One of the most important of all the causes of great inequality of income is the inheritance of a great fortune by a small minority.”

Important Causes Economics Fortune Income Inequality Minorities Inheritance

Author:Hugh Dalton

“The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.”

People Ifs Matter Liberty Study Impossible Economic Conditions Policy Approach Mass Economics Majority Entrepreneur Harm Driven Income Capitalist Resentment Immense Bias Envious

Book:Planned Chaos

Source: Planned Chaos

“Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction.”

“Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.”

“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.”

“We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.”

Ifs Years Earth Past Natural Economy Rich Clear Cutting Planets Ocean Economics Rivers Infinite Sells Oil Income Forests Possessed Extinction Our Planet Over The Past

Author:Kalle Lasn

“The more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of free income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State.”

Matter States Government Individual Wealth Poor Power Economy Rich Clear Imagine Effects Becoming Economics Income Wealthy Considering Distribution

Book:The Ethics of Redistribution

Source: The Ethics of Redistribution

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