Best economics & interest Quotes | Short & Famous Sayings Page 2

“The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.”

Source: The Collected Writings of John Maynard Keynes: The general theory and after: pt. 1, Preparation

“The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.”

Nations Interest Hurt Results Liberty Impossible Effects Economics Privilege Analysis Economist Demonstration

Author:Ludwig von Mises

“Socialism has never and nowhere been at first a working-class movement. It is by no means an obvious remedy for the obvious evil which the interests of that class will necessarily demand. It is a construction of theorists.”

Firsts Mean Philosophy Political Evil Interest Class Movement Demand Economics Obvious Socialism Construction Remedy Working Class Theorists

Author:Friedrich August von Hayek

“I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.”

“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.”

“Protectionism, socialism, all varieties of state favoritism and restrictions on competition, and the growth of bureaucracy and jobbery were the means by which special interests sought to exploit the public, the great mass of consumers and taxpayers.”

“With virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.”

Philosophy Political Interest Mass Standards Capitalism Economics Granted Unprecedented

Author:Ralph Raico

“This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.”

“The timing & characteristics of state intervention affect not only organizational tactics and strategies, but the content and definition of interest itself... Some scholars have directly stressed that state interventions create corporatist forms... the formation, let alone the political capabilities, of such purely socioeconomic phenomena as interest groups and classes depends in significant measure on the structures and activities of the very states the social actors, in turn, seek to influence.”

“The real economic cleavage is not... between employers and employed, but between all who do constructive work, from scientist to laborer, on the one hand, and all whose main interest is the preservation of existing proprietary rights upon the other, irrespective of whether they contribute to constructive work or not.”

Real Philosophy Hands Political Interest Rights Economic Economics Scientist Preservation Employed Employers Constructive Laborers Cleavage

Book:THE ACQUISITIVE SOCIETY

Source: THE ACQUISITIVE SOCIETY

“For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.”

“Our nation has both an obligation and self-interest in facing head-on the serious environmental, economic and national security threat posed by global warming.”

Self Nations Interest Economy Environment Economic Security Serious Economics Threat Environmental Obligation Global Warming National Security Self Interest

Author:John McCain

“The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.”

Problem Interest Economy Issues Periods Activity Lows Concerned Economics Rate Sensitive Inflation Interest Rate

Author:Sam Zell

“Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.”

Ifs Real Reality Interest Economy Economic Building Activity Office Economics Filled Rate Employment Employee Apartment Estates Interest Rate Office Buildings Bullish

Author:Sam Zell

“A commercial civilization is money-oriented, profit-oriented. Commercial values always tend to wrench a society free of tradition.Economics from education to public service is being reorganized on the self-destructive basis of self-interest.”

Self Values Interest Civilization Capitalism Economics Tradition Bases Profit Destructive Self Interest Public Service Self Destructive Wrenches

Author:John Ralston Saul

“History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them.”

Shows Force Interest Known Economic Victory Conflict Ethics Economics Sufficient Vested Interests

Author:B. R. Ambedkar

“We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.”

Knows Long Self Running Political Interest Pay Known Moral Economic Morality Economics Prosperity Conviction Collapse Long Runs Self Interest Builder Practicality

Book:The Essential Franklin Delano Roosevelt

Source: The Essential Franklin Delano Roosevelt

“Science is the only news. When you scan a news portal or magazine, all the human interest stuff is the same old he-said-she-said, the politics and economics the same cyclical dramas, the fashions a pathetic illusion of newness; even the technology is predictable if you know the science behind it. Human nature doesn't change much; science does, and the change accrues, altering the world irreversibly”

“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

“[...] it is generally accepted that the Civil War was fought over the issue of slavery. That, at best, is a half-truth. Slavery was an issue, but the primary force for war was a clash between the economic interests of the North and the South. Even the issue of slavery itself was based on economics.”

War Force Interest Half Issues Economic Economics Slavery South Accepted Primaries Civil War Clash Half Truth

Author:G. Edward Griffin

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