Best economics & mind Quotes | Short & Famous Sayings

“At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.”

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

“Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.”

Source: The Essential Galbraith

“Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.”

Mind Audience Economy Subjects Blessing Economics Ears Response Ill Boredom Topics Cliche

Author:John Kenneth Galbraith

“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.”

“Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There's only a difference of degree. We both have the same basic form of government: economic totalitarianism. In other words, the settlement to all questions, the solutions to all issues are determined not by what will make the people most healthy and happy in their bodies and their minds but by economics. Dollars or rubles.”

Source: Another Roadside Attraction

“Never trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might destroy it.”

Mind Might Jobs Protect Economics Economist Never Trust

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.”

“I often use music as a handle for very emotionally explosive substances: love, sex, God, fear, doubt, politics, the economics of the soul - these are daunting thoughts in the back of my mind that I rarely visit without the safety gloves of song.”

Mind Soul Use Song Sex Doubt Economics Safety Handle Substance Gloves Of My Mind Explosives

Author:Jon Foreman

“The predominant teachings of this age are that there are no limits to man's capacity to govern others and that, therefore, no limitations ought to be imposed upon government. The older faith, born of long ages of suffering under man's dominion over man, was that the exercise of unlimited power by men with limited minds and self-regarding prejudices is soon oppressive, reactionary, and corrupt. The older faith taught that the very condition of progress was the limitation of power to the capacity and the virtue of rulers.”

“I also believe - and hope - that politics and economics will cease to be as important in the future as they have been in the past; the time will come when most of our present controversies on these matters will seem as trivial, or as meaningless, as the theological debates in which the keenest minds of the Middle Ages dissipated their energies. Politics and economics are concerned with power and wealth, neither of which should be the primary, still less the exclusive, concern of full-grown men.”

“Plays are getting smaller and smaller, not because playwrights minds are shrinking but because of the economics.”

Mind Play Economics Playwright Shrinking

Author:Lynn Nottage

“[F]or women, like tradesmen, draw in the injudicious to buy their goods by the high value they themselves set upon them.... They endeavor strongly to fix in the minds of their enamoratos their own high value, and then contrive as much as possible to make them believe that they have so many purchasers at hand that the goods--if they do not make haste--will all be gone.”

Ifs Men Mind Believe Hands Values Marriage Gone Draws Men And Women Economics Goods Endeavor Haste Purchasers

Author:Sarah Fielding

“How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.”

Thinking Should Mind Littles Hard Psychology Economics Enlightened Economist Accommodate Bending Behavioral Economics

Author:Charlie Munger

“My war - and I have yet to win a decisive battle - is with the modes of thought that and conditioned feelings that prevail in psychology and therefore also in the way we think and feel about our being. Of these conditions none are more tyrannical than the convictions that clamp the mind and heart into positivistic science (geneticism and computerism), economics (bottom-line capitalism), and single-minded faith (fundamentalism).”

Thinking Way Feels Mind Heart War Feelings Winning Lines Psychology Conditions Battle Capitalism Economics Bottom Conviction Fundamentalism Heart And Mind Bottom Line

Author:James Hillman

“An inventor is a man who asks 'Why?' of the universe and lets nothing stand between the answer and his mind.”

Men Mind Philosophy Political Universe Asks Answers Economics Asking Philosopher Novelists Inventor

Book:For the New Intellectual: The Philosophy of Ayn Rand (50th Anniversary Edition)

Source: For the New Intellectual: The Philosophy of Ayn Rand (50th Anniversary Edition)

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.”

“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

“...even professors of economics, to say nothing of the public, do not generally have scientific minds.”

Mind Economics Professors

Book:Risk, Uncertainty and Profit

Source: Risk, Uncertainty and Profit

“It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.”

Thinking Mind Helping Draws Economics Method Technique Doctrine Conclusion

Author:John Maynard Keynes

“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

“I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.”

“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

“A man may be a tough, concentrated, successful moneymaker and never contribute to his country anything more than a horrible example. A manager may be tough and practical, squeezing out, while the going is good, the last ounce of profit and dividend, and may leave behind him an exhausted industry and a legacy of industrial hatred. A tough manager may never look outside his own factory walls or be conscious of his partnership in a wider world. I often wonder what strange cud such men sit chewing when their working days are over, and the accumulating riches of the mind have eluded them.”

“"It is essential to understand this point thoroughly: that the thing-in-itself, whether animal, vegetable, or mineral, is not only unknowable-it does not exist. This is important not only for sanity and peace of mind, but also for the most "practical" reasons of economics, politics, and technology.. This is not to say only that things exist in relation to one another, but that what we call "things" are no more than glimpses of a unified process. Certainly, this process has distinct features which catch our attention, but we must remember that distinction is not separation."”

“Metaphor isn't just a fancy turn of speech. It shapes our thoughts and feelings, reaches out to grasp new experience, and even binds our five disparate senses. James Geary's fascinating and utterly readable I is an Other brings the news on metaphor from literature and economics, from neuroscience and politics, illuminating topics from consumer behavior to autism spectrum disorders to the evolution of language. As a writer, as a teacher, and as someone just plain fascinated by how our minds work, I've been waiting years for exactly this book.”

“Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract.”

Writing Mind Made Important Matter Enough Hands Causes Ability Economic Subjects Reader Economics Absence Abstract Good Writing

Author:John Kenneth Galbraith

“American democracy is a chess-game in which pawns imagine themselves to be free individuals with wills of their own: that delusion is one of the rules of the game, without which the game could not continue. I doubt anyone, no matter how sharp and sharp-tongued, could succeed in getting across to high school students how vital an acute mind is for just keeping a grip on one's life and earnings in our mendacious politics and economics. No wonder our school system is devoutly dedicated to demoralizing and blunting such minds.”

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