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Economics Quotes

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Economics Quotes

“For years I have made the point that progress in winding back economic slack is made not by high growth in any individual year, but by maintaining an expansion over a sustained period.”

Years Made Individual Growth Economy Progress Economic Periods Economics Expansion Maintaining Business Growth

Author:Ian Macfarlane

“The future of life on earth depends on our ability to take action. Many individuals are doing what they can, but real success can only come if there's a change in our societies and our economics and in our politics. I've been lucky in my lifetime to see some of the greatest spectacles that the natural world has to offer. Surely we have a responsibility to leave for future generations a planet that is healthy, inhabitable by all species”

“By government giveaway programs, individuals are often hurt far more than they are helped. The recipients of these programs become dependent on the government and their dignity is destroyed. Is it compassionate to enslave more and more people by making them a part of the government dependency cycle? I think compassion should be measured by how many people no longer need it. Helping people to become self-sufficient is much more compassionate than drugging them with the narcotic of welfare.”

“Emergent properties result from interactions between individual parts, so it follows that a top down analytical approach that begins with the whole and dissects it into its constituent parts is bound to miss precisely those emergent properties”

Whole Individual Results Missing Approach Economics Property Bounds Interaction Constituents Top Down

Author:Manuel De Landa

“Millions of individuals making their own decisions in the marketplace will always allocate resources better than any centralized government planning process.”

Government Political Politics Individual Process Decision Millions Resources Economics Conservative Planning Presidential Marketplace Centralized Government

Book:Ronald Reagan

Source: Ronald Reagan

“Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.”

Important Self Individual Interest Conditions Behavior Economics Competition Triumph Analysis Adam Self Interest Systematic

Author:George Stigler

“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

“....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 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

“American democracy is a chess-game in which pawns imagine themselves to be free individuals with wills of their own: that delusion is one of the rules of the game, without which the game could not continue. I doubt anyone, no matter how sharp and sharp-tongued, could succeed in getting across to high school students how vital an acute mind is for just keeping a grip on one's life and earnings in our mendacious politics and economics. No wonder our school system is devoutly dedicated to demoralizing and blunting such minds.”