Best economics & powerful Quotes | Short & Famous Sayings

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

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

“During the last dozen years the tales of suppression of free assemblage, free press, and free speech, by local authorities or the State operating under martial law have been so numerous as to have become an old story. They are attacked at the instigation of an economically and socially powerful class, itself enjoying to the full the advantages of free communications, but bent on denying them to the class it holds within its power.”

“Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.”

Source: The Impact of Science On Society

“Although military, economic and political strength certainly favors the more powerful side, the matter of simple justice is a counterbalancing factor.”

Matter Political Sides Justice Simple Powerful Economic Military Economics Favors Factors

Author:Jimmy Carter

“The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.”

People Humans Hard Term Church Powerful Economic Morality Civilization Economics Performances Vices Ruins Phenomenon Cash Reverse Reducing Register Economic Systems Really Powerful

Author:Charlie Munger

“Successful people ask better questions, and as a result, they get better answers.”

“The argument for liberty is not an argument against organization, which is one of the most powerful tools human reason can employ, but an argument against all exclusive, privileged, monopolistic organization, against the use of coercion to prevent others from doing better.”

Humans Reason Use Powerful Liberty Economic Economics Argument Tools Organization Most Powerful Privileged Exclusive Coercion Human Reason

Author:Friedrich August von Hayek

“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.”

World Littles Ideas Political Freedom Powerful Democracy Economic Understood Economics Philosopher Economist Vested Interests Economic Theory Economy And Economics Home Economics

Author:John Maynard Keynes

“Economic development over the past two centuries has taken most of humanity from lives that were brutal, ignorant and short, to personal health and security, material comfort and knowledge that were unknown to the elites of the wealthiest and most powerful societies in earlier times.”

“The greatest danger to liberty today comes from the men who are most needed and most powerful in modern government, namely, the efficient expert administrators exclusively concerned with what they regard as the public good.”

Men Government Today Powerful Liberty Economic Modern Danger He Man Needed Concerned Economics Regard Experts Most Powerful Efficient Public Good Administrators

Author:Friedrich August von Hayek

“Minimum-wage laws are one of the most powerful tools in the arsenal of racists.”

Law Powerful Liberty Economic Economics Tools Racist Most Powerful Minimum Arsenal Minimum Wage

Author:Walter E. Williams

“Try this thought experiment. Pretend you're a tyrant. Among your many liberty-destroying objectives are extermination of blacks, Jews and Catholics. Which would you prefer, a United States with political power centralized in Washington, powerful government agencies with detailed information on Americans and compliant states or power widely dispersed over 50 states, thousands of local jurisdictions and a limited federal government?”

“For Rousseau and Mandeville the absence of a moral instinct meant the laws of society had no moral validity, they were nothing but the inventions of the cunning and the powerful, in order to maintain or to acquire an unnatural and unjust superiority over the rest of their fellow creatures.”

Law Order Powerful Moral Creatures Economics Fellows Instinct Absence Invention Acquire Superiority Unjust Cunning Unnatural Validity

Author:Gertrude Himmelfarb

“If you want to do evil, science provides the most powerful weapons to do evil; but equally, if you want to do good, science puts into your hands the most powerful tools to do so”

Ifs Want Hands Evil Powerful Weapons Economics Tools Most Powerful Powerful Weapons Good Science

Author:Richard Dawkins

“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

“Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications.”

“What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.”

Wells Important Hands Happens Today Courses Views Powerful Effort Plans Students Economics Important Things Invisible Legacy Organized Economist Consensus Hayek Invisible Hand

Author:Lawrence Summers

“The real wealth of a nation is its people. And the purpose of development is to create an enabling environment for people to enjoy long, healthy, and creative lives. This simple but powerful truth is too often forgotten in the pursuit of material and financial wealth.”

“We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.”

“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

“With impeccable prose, dry wit, and uncommon wisdom, Ted Thompson brings to life one family's painful disappointments and powerful resilience. The Land of Steady Habits combines Austen's shrewd mastery of domestic economics with Updike's compassion for the melancholy commuter to make something elegant, fresh, and brilliant.”

Powerful Compassion Land Habit Economics Painful Disappointment Resilience Brilliant Wit Dry Prose Melancholy Steady Mastery Elegant Uncommon Austen Impeccable

Author:Maggie Shipstead

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