Best economics & masters Quotes | Short & Famous Sayings

“In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not economics is the master science.”

Ifs Problem Masters Demand Resources Economics Infinite Fundamentals

Book:In Defence of Politics

Source: In Defence of Politics

“Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.”

Masters Economics Labor Raises Constant Combination Uniforms Wages Tacit Wealth Of Nations

Book:An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

Source: An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

“All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.”

People World Has Beens Seems Age Economy Mankind Masters Economics Libertarian Maxims Wealth Of Nations

Book:An inquiry into the nature and causes of the wealth of nations

Source: An inquiry into the nature and causes of the wealth of nations

“Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.”

Sometimes Differences Masters Economics Favors Regulation Legislature Workmen Equitable Wealth Of Nations Counsellors

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master

“We rarely hear, it has been said, of the combinations [that is, unions or colluding organizations] of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor above their actual price.”