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Economics Quotes

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Economics Quotes

“Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.”

People Thinking Reason Political Politics Economics Alternatives Liberalism

Author:John Kenneth Galbraith

“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”

Has Beens Wisdom Three Politics Economy Fire Economics Invention Wheels Liberalism Banking Central Banking Great Inventions

Author:Will Rogers

“Fascism is definitely and absolutely opposed to the doctrines of liberalism, both in the political and economic sphere.”

Political Politics Economic Economics Doctrine Liberalism Spheres Fascism

Book:Fascism: Doctrine and Institutions

Source: Fascism: Doctrine and Institutions

“If adapted to the unique requirements of various regions and peoples of the world, such economic pluralism could have a greater global impact over the next fifty years than the collectivist economics of Marxism and neo-Marxism have had during the half century just past.”

Ifs World Years Wisdom Past Next Politics Half Economy Greater Economic Century Unique Economics Impact Various Liberalism Fifty Regions Requirements Marxism Adapted Pluralism

Author:Robert Dickson Crane

“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.”

Two Problem Wisdom Politics Results Economy Clear Economic Economics Labor Income Factors Liberalism Productive Thinker Distribution Economic Problems

Author:Louis O. Kelso

“Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.”

Wisdom Politics Economy Modern Economics Accepted Income Analysis Liberalism Distribution Fads Cranky

Author:Paul Samuelson

“The real struggle between an American government and the people was one of power, which was settled when they designed their Constitution, which conceded the sovereignty of the people when it came to politics, and the sovereignty of the consumer when it came to economics.”

People Real Wisdom Government Politics Struggle Economy Economics Constitution Consumers Liberalism Sovereignty American Government Conceded

Author:Ndabaningi Sithole

“If "Thou shalt not covet," and "Thou shalt not steal," were not commandments of Heaven, they must be made inviolable precepts in every society, before it can be civilized or made free.”

Source: The Political Writings of John Adams

“I was 25 years old and pursuing my doctorate in economics when I was allowed to spend six months of postgraduate studies in Naples, Italy. I read the Western economic textbooks and also the more general work of people like Hayek. By the time I returned to Czechoslovakia, I had an understanding of the principles of the market. In 1968, I was glad at the political liberalism of the Dubcek Prague Spring, but I was very critical of the Third Way they pursued in economics.”

“If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.”

People Ifs Would Be Politics Levels Economy Economic Economics Humble Manage Liberalism Economist Splendid Competent Dentist Economy And Economics

Book:Essays in persuasion

Source: Essays in persuasion

“Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.”

“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

“If you think health care is expensive now, wait until you see what it costs when it's free.”

Source: Age and Guile Beat Youth, Innocence, and a Bad Haircut

“Let me issue and control a nation's money and I care not who writes the laws.”

“Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”

Source: Socialism - An Economic and Sociological Analysis: The Economist

“Socialist thought owes its appeal to the young largely to its visionary character; the very courage to indulge in Utopian thought is in this respect a source of strength for socialism which traditional liberalism sadly lacks. Speculation about general principles provides an opportunity for the play of the imagination of those who are unencumbered by much knowledge of the facts of present-day life. Their ideas suffer from inherent contradictions, and any attempt to put them into practice must produce something utterly different from what they expect.”

“The current disfavor into which socialism has fallen has spurred.... the frenzy to proclaim oneself a liberal. Many writers today have recourse to the strategem of inventing for oneself a liberalism according to one's own tastes and passing it off as an evolution from past ideas.”

Ideas Philosophy Today Past Political Evolution Taste Economics Oneself Currents Socialism Passing Passings Fallen Liberalism Inventing Frenzy Recourse Passing It

Author:Ralph Raico

“Liberalism is, in fact, the ideology of the capitalist revolution that prodigiously raised the living standards of the mass of people; a doctrine gradually elaborated over several centuries, which offered a new concept of social order, encompassing freedom in the only form suited to the modern world. Step by step, in practice and theory, the various sectors of human activity were withdrawn from the jurisdiction of coercive authority and given over to the voluntary action of self-regulating society.”