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Economics Quotes

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Economics Quotes

“Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.”

May Important Deals Events Position Discipline Aspect Economics Complexes Data Phenomenon Physical Science

Author:Friedrich August von Hayek

“One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.”

Purpose Class Plans Effects Position Economics Traditional Welfare Orthodox Privileged Explaining

Author:Joan Robinson

“I mean, these good folks are revolutionizing how businesses conduct their business. And, like them, I am very optimistic about our position in the world and about its influence on the United States. We're concerned about the short-term economic news, but long-term I'm optimistic. And so, I hope investors, you know - secondly, I hope investors hold investments for periods of time - that I've always found the best investments are those that you salt away based on economics.”

“Fascism entirely agrees with Mr. Maynard Keynes, despite the latter's prominent position as a Liberal. In fact, Mr. Keynes' excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.”

Littles Book Ends Facts Might Political Politics Position Objects Economics Agree Despite Excellent Latter Fascism Introduction Fascists Prominent Laissez Faire Keynes

Author:Benito Mussolini

“A claim for equality of material position can be met only by a government with totalitarian powers.”

Government Liberty Economic Position Materials Mets Economics Claims Equality Free Government Totalitarian Regimes Economic Equality Totalitarian Government

Author:Friedrich August von Hayek

“It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.”

Seems Today Differences Moral Economy Economic Position Economics Preserves Academic Pretense Pretension

Author:Friedrich August von Hayek

“Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.”

Principles Position Particular Judgment Economics Independent Objectives Ethical Short Positive

Author:Milton Friedman

“People's position on immigration, once they get "sophisticated," and they rise to the higher levels of commentary or government, it's usually determined solely by economics. And not by anything else.”

People Government Levels Position Higher Economics Determined Immigration Sophisticated Commentary Higher Level

Author:Mark Helprin

“War is never economically beneficial except for those in position to profit from war expenditures.”

War Money Position Economics Historical Profit Anti War Antiwar Beneficial Expenditures Preventive War

Author:Ron Paul

“I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.”

Long States Philosophy Political Social Views Responsibility Greater Position Advantage Economics Bases Investment Goods Efficiency

Book:Keynes and Public Policy After Fifty Years: Theories and method

Source: Keynes and Public Policy After Fifty Years: Theories and method

“My position is that I am personally opposed to abortion, but I don't think I have a right to impose my view on the rest of society. I've thought a lot about it, and my position probably doesn't please anyone. I think the government should stay out completely. I will not vote to overturn the Court's decision. I will not vote to curtail a woman's right to choose abortion. But I will also not vote to use federal funds to fund abortion.”

Thinking Should Use Government Decision Views Economy Position Please Economics Vote Court Abortion Voting Fund

Author:Joe Biden

“I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”

Should Firsts Goal Interesting Economy Study Seeing Position Students Materials First Time Economics

Author:Greg Mankiw