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Economics Quotes

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Economics Quotes

“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.”

Thinking Wells May Helping Would Be Political Names Term Economy Economics Minors Convenient Troublesome Alterations Substitution Political Economy

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“persons, with big wigs many of them and austere aspect, whom I take to be Professors of the Dismal Science… Coining “Dismal Science” as a nickname for Political Economy”

Persons Bigs Political Economy Aspect Economics Professors Nicknames Wigs Political Economy

Author:Thomas Carlyle

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”

Firsts War Political Nations Economic Economics Prosperity Ruins Permanent Temporary Currency Refuge Inflation Political Economy Opportunist Panacea Economy And Economics

Book:The Hemingway Collection

Source: The Hemingway Collection

“Political Economy or Economics is a study of mankind in the ordinary business of life.”

Political Economy Study Mankind Ordinary Economics Political Economy

Author:Alfred Marshall

“Coining "Dismal Science" as a nickname for Political Economy”

Political Economy Economics Nicknames Political Economy

Author:Thomas Carlyle

“Political Economy, in truth, has never pretended to give advice to mankind with no lights but its own; though people who knew nothing but political economy (and therefore knew it ill) have taken upon themselves to advise, and could only do so by such lights as they had.”

People Giving Light Political Economy Taken Advice Mankind Economics Ill Advise Political Economy

Book:Autobiography of John Stuart Mill

Source: Autobiography of John Stuart Mill

“The National Debt is a very Good Thing and it would be dangerous to pay it off for fear of Political Economy.”

Would Be Political Pay Economy Dangerous Economics Good Things Very Good Debt National Debt Political Economy

Author:W. C. Sellar

“Political economy regards the proletarian like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. It leaves this to criminal law, doctors, religion, statistical tables, politics, and the beadle.”

Source: Early Writings