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Economics Quotes

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Economics Quotes

“All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.”

People Made Lasts Process Progress Century Produce Couple Areas Economics Labor Workers Permanent Productive Goods Temporary Fewer Unemployment Shifting

Author:Milton Friedman

“Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.”

Results Conditions Policy Produce Economics

Book:Speaking up

Source: Speaking up

“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

“As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.”

Men Country Natural Land Produce Demand Economics Property Reap Private Property Property Rights Landlord Economic Inequality Real Property

Book:An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

Source: An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.”

People Want Doe Helping Care Hate Politics Deals Liberty Virtue Produce Color Economics Libertarian Communism Libertarianism Free Market Great Libertarian Free Market Capitalism

Author:Milton Friedman

“Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.”

Liberty Economic Produce Products Capitalism Economics Producers Free Market Free Market Capitalism

Book:The Logic of Action Two: Applications and Criticism from the Austrian School

Source: The Logic of Action Two: Applications and Criticism from the Austrian School

“How you make it in this world, for the most part, depends more on what you do as opposed to whether people like or dislike you. In order to produce a successful life, one must find ways to please his fellow man. That is, find out what goods and services his fellow man values, and is willing to pay for, and then acquire the necessary skills and education to provide it.”

“A traffic jam is a collision between free enterprise and socialism. Free enterprise produces automobiles faster than socialism can build roads and road capacity.”

Liberty Produce Capacity Economics Libertarian Socialism Faster Enterprise Libertarianism Traffic Automobile Jam Collision Free Enterprise Traffic Jam

Author:Andrew Joseph Galambos

“What must never be lost sight of is that a public functionary, in his capacity as functionary, produces absolutely nothing; that, on the contrary, he exists only on the products of the industrious class; and that he can consume nothing that has not been taken from the producers.”

Philosophy Political Lost Class Taken Produce Products Capacity Economics Sight Contrary Producers Absolutely Nothing Industrious

Author:Charles Dunoyer

“Socialist thought owes its appeal to the young largely to its visionary character; the very courage to indulge in Utopian thought is in this respect a source of strength for socialism which traditional liberalism sadly lacks. Speculation about general principles provides an opportunity for the play of the imagination of those who are unencumbered by much knowledge of the facts of present-day life. Their ideas suffer from inherent contradictions, and any attempt to put them into practice must produce something utterly different from what they expect.”

“Government should be good for the liberty of the governed, and that is when it governs to the least possible degree. It should be good for the wealth of the nation, and that is when it acts as little as possible upon the labor that produces it and when it consumes as little as possible. It should be good for the public security, and that is when it protects as much as possible, provided that the protection does not cost more than it brings in.... It is in losing their powers of action that governments improve. Each time that the governed gain space there is progress.”

Should Littles Doe Philosophy Government Action Political Nations Wealth Space Liberty Progress Security Produce Cost Protect Degrees Losing Gains Economics Labor Protection Be Good

Author:Augustin Thierry

“In the UK what we've found is that even businesses which prided themselves already on their efficient management find that a really beady-eyed scrutiny of their resource management, with an eye to environmental best-practice and long term sustainability, produce fresh efficiency and fresh savings that actually shock those in the company”

“Leadership produces change. That is its primary function”

Business Produce Economics Function Management Primaries

Book:Force For Change: How Leadership Differs from Management

Source: Force For Change: How Leadership Differs from Management

“If sustainability is going to take hold in the corporate sector in a big way - and we need it to - it will be when it produces big profits and faster growth. It won't happen because of an optional executive commitment to an abstract concept. It will happen because sustainability is a great business strategy. And it is”

“Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").”

Facts Produce Theory Pure Economics Mainstream Scholarship

Author:Michel Chossudovsky

“I look in a right of property - on the right of individuals, to have and to own, for their own separate and selfish use and enjoyments, the produce of their own industry, with power freely to dispose of the whole of that in the manner most agreeable to themselves, as essential to the welfare and even to the continued existence of society.”

Looks Philosophy Whole Use Political Individual Existence Produce Industry Essentials Economics Property Selfish Welfare Enjoyment

Book:The Natural and Artificial Right of Property Contrasted. A Series of Letters Addressed, Without Permission, to H. Brougham, Esq., ... by the Author of

Source: The Natural and Artificial Right of Property Contrasted. A Series of Letters Addressed, Without Permission, to H. Brougham, Esq., ... by the Author of