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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“The way I think of it, economics and ecology occupy two intellectual silos, isolated from each other. Even when they do take each other into consideration, it's not uncommon for ecologists to spout absolute nonsense about economics, and vice versa.”

Thinking Way Two Intellectual Economics Absolutes Vices Nonsense Consideration Isolated Ecology Vice Versa Uncommon

Author:Charles C. Mann

“We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success. There should be no place for despondency. The crisis can and must be fought by uniting our intellectual, spiritual and material resources.”

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“Democracy cannot survive where there is such uniformity that everyone wears exactly the same intellectual uniform or point of view. Democracy implies diversity of outlook, a variety of points of view on politics, economics, and world affairs. Hence the educational ideal is not uniformity but unity, for unity allows diversity of points of view regarding the good means to a good end.”

World Mean Ends Views Democracy Diversity Intellectual Ideals Economics Unity Affair Educational Point Of View Variety Uniforms Outlook Uniformity World Affairs

Author:Fulton J. Sheen

“My clinical psychologist wife of 40 years has always had a close intellectual influence on me. When I was beginning to talk openly in the economics profession about irrationality in decision-making, I received a lot of criticism. Ginny would support my views and remind me that a whole other profession - psychology - studies people's irrational sides.”

“The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have been producing students at a rapid rate; they're competing for funds and therefore they're more frustrated. I think there's a certain sense of weariness in the intellectual realm, it's not in any way peculiar to economics, it's a general proposition.”

Thinking Way Has Beens Certain Growth Gone Greater Students Intellectual Economics Rate Population Realms Fund Peculiar Relevant Frustrated Competing Propositions Rapids Very Nice Weariness

Author:Kenneth Arrow

“The avoidance of taxes is the only intellectual pursuit that still carries any reward.”

Stills Humor Funny Business Taxes Intellectual Economics Rewards Pursuit Finance Carrie Taxation Avoidance Tax Day Taxes Funny

Author:John Maynard Keynes

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back”

Men Years Believe Voice Air Influence Authority Intellectual Economics Slave Practicals Academic Economist Madmen Frenzy Vested Interests

Author:John Maynard Keynes

“I have an intellectual inclination for democratic institutions, but I am instinctively an aristocrat, which means that I despise and fear the masses. I passionately love liberty, legality, the respect for rights, but not democracy....liberty is my foremost passion. That is the truth.”

Mean Passion Liberty Democracy Rights Economic Mass Intellectual Economics Institutions Democratic Despise Inclination Legality

Author:Alexis de Tocqueville

“Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error.”

Has Beens Influence Economic Conditions Serious Development Pure Intellectual Economics Errors Dues Confusion Traditional Drs Equilibrium Fallacy Optimum

Author:Sir John Richard Hicks

“Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing.”

World Games Social Understanding Economic Modern Subjects Intellectual Consequence Economics Sick Mathematics Sake Practicals Economist Relevance Rigour

Author:Mark Blaug

“As a cultural-intellectual power and a moral ideal, collectivism died in World War II. If we are still rolling in its direction, it is only by the inertia of a void and the momentum of disintegration. A social movement that began with the ponderous, brain-cracking, dialectical constructs of Hegel and Marx, and ends up with a horde of morally unwashed children stamping their foot and shrieking: "I want it now is through."”

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“The intellectual's hostility to the businessman presents no mystery, as the two have, by function, wholly different standards. While the businessman's motto is the customer is always right, the intellectual's task is to preserve his perceived standards against the weight of popular opinion.”

Two Different Philosophy Political Opinion Mystery Intellectual Standards Economics Tasks Weight Function Customers Preserves Businessman Motto Hostility Popular Opinion

Author:Bertrand de Jouvenel

“It is perhaps the most characteristic feature of the intellectual that he judges new ideas not by their specific merits but by the readiness with which they fit into his general conceptions, into the picture of the world which he regards as modern or advanced.”

World Ideas Philosophy Political Modern Judging Fit Intellectual Economics Regard Features Merit Characteristics Conception New Ideas Readiness

Author:Friedrich August von Hayek

“The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.”

Mind Different Quality Issues Intellectual Economics Department Chicago Quarters 1930s

Author:George Stigler

“At George Mason University I saw Hoppe present a lecture in which he claimed that Ludwig von Mises had set the intellectual foundation for not only economics, but for ethics, geometry, and optics, as well. This bizarre claim turned a serious scholar and profound thinker into a comical cult figure, a sort of Euro Kim Il Sung.”

“Thomas Sowell is America's foremost public intellectual and for good reason. His work covers almost every subject imaginable- race, economics, Marxism, ethnic groups, immigration patterns, just to name a few. He is persuasive and provocative and always scintillating. I've read all his books and never been even faintly disappointed. Black Rednecks & White Liberals is no exception.”

Book Reason America Names Black White Race Groups Subjects Intellectual Economics Patterns Immigration Exception Disappointed Marxism Redneck Provocative Persuasive Ethnic Groups

Author:Fred Barnes