Best economics & numbers Quotes | Short & Famous Sayings

“The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.”

Firsts Desire Numbers Resources Economics Infinite Goods Chasing Finite Finite Number

Author:Thomas Sowell

“I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.”

People Way Kind Important Stories Able Numbers Economic Lucky Demand Economics Radio Storytelling Finance Print

Author:David Plotz

“I am not a number, I am a free man!”

Men Freedom Numbers Economics Debt Free Man

Author:Patrick McGoohan

“An invaluable little book.... What Makes a Terrorist uses standard tools of economics and statistical analysis to get at the truth about terrorism.... Krueger finds one familiar fact in all his numbers. Countries with fewer civil liberties tend to produce more terrorists.”

Littles Book Country Facts Use Numbers Liberty Produce Standards Economics Tools Terrorism Terrorist Familiar Analysis Fewer Civil Liberties Invaluable

Author:Daniel Finkelstein

“It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, "Economics is what economists do," and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.”

Hard Fall Deals Numbers Economics Relation Mathematics Definitions Quantity Mathematician Formal Economist Tempted Fall Back Jacob

Author:Kenneth E. Boulding

“I think a lot of creative people have no sense of numbers and economics.”

People Thinking Numbers Creative Economics Creative People

Author:Garry Marshall

“However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.”

“Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.”

Made Bigs Numbers Virtue Effects Honest Economics Vices Arguing Made It Uncomfortable Economist Monk Columns Entry Bookkeeping

Author:Charlie Munger

“I'm constantly being courted by labels and their backing. Obviously the market is there when you talk about the economics and the numbers, but it's hard to give up the freedom of being able to do whatever you want.”

Want Giving Hard Able Numbers Giving Up Economics Labels Do Whatever You Want

Author:Brian McKnight

“The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.”

Facts Change Numbers Opinion Economy Generations Theory Economics Details Observation Persist

Author:Adam Smith

“There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.”

Should Science Political Used Stars Numbers Learning Huge Hundred Discovery Economics Billions Used To Be Economist Galaxy Deficit Huge Numbers

Author:Richard P. Feynman

“China is clearly going to be the number one economic power and it is already full of potential.. with lots of population and the buying power increasing by the day. .”

Wealth Numbers Economy Economic Economics Population China Buying Economic Power Buying Power

Author:Bernard Arnault

“The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.”

Men Country Common Numbers Liberty Higher Standards Economics Gold Entrepreneur Libertarian Wealthy Libertarianism Standards Of Living Common Man Great Libertarian

Book:Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

Source: Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

“Among the social sciences, economists are the snobs. Economics, with its numbers and graphs and curves, at least has the coloration and paraphernalia of a hard science. It's not just putting on sandals and trekking out to take notes on some tribe.”

Hard Social Numbers Economics Notes Tribes Economist Curves Trekking Snob Social Science Sandals Graphs

Author:Michael Kinsley

“...quantity is not necessarily synonymous with quality and brilliant ideas are not a function of the number of titles printed.”

Ideas Numbers Quality Economics Function Brilliant Titles Quantity Printed Brilliant Ideas

Author:Carlo M. Cipolla

“The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers to an industry and sub-normal profits seem to drive away those who are in an industry, some writers are inclined to define normal profits as the earnings of the fixed resources in an industry which neither grows nor declines in size or number of firms. It should be clear that such a definition is useless: it muddles together attractiveness and actual afflux, desirbility of entry and ease of entry, zero profits and monopoly rents.”

“A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition."”

Needs Looks Said Perfect Numbers Saws Industry Demand Models Economics Function Infinite Competition University Firm Chicago Formulas Colleagues Economist Elasticity Perfect Competition

Author:Matthew Rabin

“No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.”

Trying Two Problem Political Three Politics Understanding Numbers Behinds Politician Economics Election Solve African American Problems And Solutions Number Three Career Politicians Politics And Economics

Book:Dismantling America and Other Controversial Essays (Large Print 16pt)

Source: Dismantling America and Other Controversial Essays (Large Print 16pt)

“Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful”

People Made Matter Values Powerful Numbers Economy Havens Taste Economics Structure Currents Believer Justify Pretending Astrology Fervent

Book:Red Mars

Source: Red Mars

“It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.”

“The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics.”

Past Numbers Attention Possibility Theory Economics Climate Climate Change Caught Proof Significant Hypothesis Implications

Author:Eduard Bruckner

“If the rewards to authors go down, simple economics says there will be fewer authors. It's not that people won't burn with the passion to write. The number of people wanting to be novelists is probably not going to decline - but certainly the number of people who are going to be able to make a living as authors is going to dramatically decrease.”

People Ifs Writing Able Passion Simple Numbers Economics Rewards Novelists Fewer Decline Decrease

Author:Scott Turow

“The most powerful argument of all for saving open space is economics; in most states, tourism is the number two industry.”

Two States Space Powerful Numbers Industry Economics Argument Saving Most Powerful Tourism Open Spaces Space Tourism

Author:Jim Fowler

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