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Economics Quotes

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Economics Quotes

“My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.”

Two Whole Jobs Teach Economic Subjects Theory Mass Economics International Unemployment Economic Theory Corpus

Author:James Meade

“There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.”

World Needs Force Study Economics International Comprehension Integrating

Book:The Political Economy of International Relations

Source: The Political Economy of International Relations

“We can't build a safer world with honorable intentions and good will alone. Achieving the fundamental goals our nation seeks in world affairs - peace, human rights, economics progress national independence and international stability - means supporting our friends and defending our interests.”

Source: Building peace through strength: August 23, 1983

“At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.”

Games Lost Sides Half Economic Activity Economics Trade Assuming International Employment Zero Apartment Both Sides Fallacy Transactions International Trade Zero Sum Game

Author:Thomas Sowell

“Populists believe in conspiracies, and one of the most enduring is that a secret group of international bankers and capitalists, and their minions, control the world's economy. Because of my name and prominence as the head of the Chase for many years, I have earned the distinction of the "conspirator in chief" from these people.”

People World Years Believe Names Secret Power Economy Groups Economics Endure International Chiefs Distinction Conspiracy Capitalist Bankers Populist Prominence Minions Conspirators

Book:Memoirs

Source: Memoirs

“In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.”

Wells Country Philosophy Political Bits Economy Successful Economics Decided Financial International Saving Asia Living On Financial Markets

Author:Jeffrey Sachs

“The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist."”

“We should know that only replacing the economics of competition and greed with the economics of equitable cooperation will guarantee a globalization that takes advantage of potential efficiency gains in ways that also promote environmental protection, international equity, economic democracy, and variety.”

Source: Panic rules!: everything you need to know about the global economy

“International order is not an evolution; it is an imposition. It is the domination of one vision over others- in this case, the domination of liberal free market principles of economics, democratic principles of politics, and a peaceful international system over other visions that other nations and peoples may have. It will last only as long as those who favor it retain the capacity to defend it.”

Long Lasts Order Vision Principles Cases Evolution Capacity Economics Relation International Domination International Relations Imposition

Author:Robert Kagan

“I think the team that successfully puts together an economic and social policy framework for global full employment in decent working conditions based on local development, that would command the support of all stakeholders and all international organizations concerned, should be awarded the [Nobel] prize. I am sure they would get it not just for economics, but also for peace in the world.”

“According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.”

Years Cost Economics Trade International Billions Consumers Barriers Institute

Author:Walter E. Williams