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Economics Quotes

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Economics Quotes

“The fundamental driver in computer security, in all of the computer industry, is economics. That requires a lot of re-education for us security geeks.”

Security Industry Computer Economics Fundamentals Drivers Geek Computer Security

Author:Bruce Schneier

“It is no coincidence that some of America's most lethargic industries-steel, footwear, rubber, textiles-are also among the most heavily protected.”

America Industry Economics Protected Steel Coincidence Rubber Textiles Footwear Lethargic

Author:Thomas DiLorenzo

“Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry-and owning it.”

Whole Company Industry Economics Owning It

Author:Tim Ferriss

“A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.”

Book:Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way

Source: Jefferson on Freedom: Wisdom, Advice, and Hints on Freedom, Democracy, and the American Way

“The history of the Church has been a history of divisiveness, repression and reaction. For almost 2000 years, Christianity has held mankind back in politics, in economics, in industry, in science, in philosophy, in culture.”

Years Has Beens Philosophy Culture Church Christianity Mankind Industry Economics Reactions Repression Divisiveness

Author:Madalyn Murray O'Hair

“Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.”

Helping Individual Growth Economy Successful Industry Capitalism Economics Winner Corporate Welfare Loser Small Business Entrepreneurial Winner And Loser Cronies Cronyism Crony Capitalism

Author:Paul Ryan

“Wealth can only be accumulated by the earnings of industry and the savings of frugality.”

Wealth Inspirational Life Industry Politician Economics Saving Presidential Abundance Earning Richness Savings Accumulation Saving Money Affluence Frugality Frugal Presidents Day Accumulating Wealth

Author:John Tyler

“Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.”

Ifs Facts Results Industry Cost Pure Economics Treats Environmental Confusion Economist Divorced Facts Of Life Havoc Scots

Author:Vivienne Westwood

“As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.”

“In the 19th century China dominated the manufacture of porcelain. Then European factories discovered a cheaper method of making pottery of equal quality, demolishing the Chinese industry the exact reverse of what is happening now. World economics have turned full circle.”

World Business Quality Century Industry Equal Happenings Economics Method China Circles Chinese Factories Reverse Cheaper 19th Century Pottery Full Circle Porcelain

Author:Martin Sorrell

“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.”

Problem Hands Used Given Liberty Feet Economic Industry Capitalism Economics Stronger Method Solve Ties Declaring Hands And Feet

Book:The Voice of Reason: Essays in Objectivist Thought

Source: The Voice of Reason: Essays in Objectivist Thought

“I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics.”

Long Science Company Creative Industry Economics Accounts Noble Engineering Prosperous Aesthetics Prototype

Author:Edwin Land

“The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers to an industry and sub-normal profits seem to drive away those who are in an industry, some writers are inclined to define normal profits as the earnings of the fixed resources in an industry which neither grows nor declines in size or number of firms. It should be clear that such a definition is useless: it muddles together attractiveness and actual afflux, desirbility of entry and ease of entry, zero profits and monopoly rents.”

“You can always get sympathy by using the word small. With little industries you feel as you do about a little puppy.”

Feels Littles Industry Economics Puppy

Author:Frances Perkins

“A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."”

Needs Looks Said Perfect Numbers Saws Industry Demand Models Economics Function Infinite Competition University Firm Chicago Formulas Colleagues Economist Elasticity Perfect Competition

Author:Matthew Rabin

“The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.”

Source: Tony Blair in His Own Words

“It is government policy to phase out subsidies to nationalised industries. In line with this, the government hopes that the coal industry will be able to operate without the need for assistance apart from social grants.”

Needs Government Able Social Lines Policy Industry Economics Grants Phases Coal Assistance Subsidies Government Policy

Author:Tony Benn

“Beware the greedy hand of government thrusting itself into every corner and crevice of industry.”

Hands Government Industry Economics Corners Greedy Founding Taxation Our Founding Fathers Grasping Us Founding Fathers Tax Day Crevice Voting Founding Fathers

Author:Thomas Paine

“The first issue to be settled is whether socialism has a right to exist. Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question.”

Giving Firsts Philosophy Political Wish Answers Principles Issues Economic Theory Industry Economics Tests Socialism Fraud Hype Proceeding Allegations Economic Theory

Author:John Bates Clark

“Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.”

“Alone among businesses, the fossil-fuel industry is allowed to dump its main waste, carbon dioxide, for free.”

Business Industry Waste Economics Management Fuel Carbon Fossils Fossil Fuel Dump Carbon Dioxide

Author:Bill McKibben

“Turning every business into an environmental industry will involve applying new principles...first, we need to make more with less...second, we need to design out waste...third, we must begin to decarbonise our energy supply”

Needs Firsts Energy Business Principles Design Industry Waste Economics Thirds Management Environmental

Author:David Miliband

“In the future, every industry should be an environmental industry. In a world where energy and carbon emissions are constrained, every business must take resource productivity seriously”

World Should Energy Business Industry Resources Economics Management Environmental Productivity Carbon Emissions Carbon Emissions

Author:David Miliband

“It's just economics 101: When it's free to pollute, you get more pollution. But when there's a price to pay, industry will have an incentive to find low-cost carbon solutions.”

Energy Pay Industry Cost Solutions Lows Economics Pollution Carbon Incentives

Author:Fred Krupp

“A man may be a tough, concentrated, successful moneymaker and never contribute to his country anything more than a horrible example. A manager may be tough and practical, squeezing out, while the going is good, the last ounce of profit and dividend, and may leave behind him an exhausted industry and a legacy of industrial hatred. A tough manager may never look outside his own factory walls or be conscious of his partnership in a wider world. I often wonder what strange cud such men sit chewing when their working days are over, and the accumulating riches of the mind have eluded them.”

“But the thought leaders on talk radio and Fox do more than shape opinion. Backed by their own wing of the book-publishing industry and supported by think tanks that increasingly function as public-relations agencies, conservatives have built a whole alternative knowledge system, with its own facts, its own history, its own laws of economics.”

“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 most powerful argument of all for saving open space is economics; in most states, tourism is the number two industry.”

Two States Space Powerful Numbers Industry Economics Argument Saving Most Powerful Tourism Open Spaces Space Tourism

Author:Jim Fowler

“Well, I think first of all, probably the most fundamental thing is that we are a mixed-signal analog semiconductor company, which, along with some of the other well-known names in the industry, enjoys very good economics.”

Thinking Firsts Wells Names Enjoy Company Known Industry Economics Fundamentals Very Good Well Known Signals Analog Semiconductors

Author:David Milne

“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.”