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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.”

Two Problem Wisdom Politics Results Economy Clear Economic Economics Labor Income Factors Liberalism Productive Thinker Distribution Economic Problems

Author:Louis O. Kelso

“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

“owning capital is not a productive activity.”

Money Activity Economics Productive

Book:Essay on Marxian Economics

Source: Essay on Marxian Economics

“By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus.”

Roles Essentials Economics Labor Deny Distinction Productive Sole Consumption Efficiency Rationality Criteria Surplus Respectability Elevating Unproductive

Book:Political Econ of Growth

Source: Political Econ of Growth

“I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.”

Way Use Understanding Interest Economic Fields Models Economics Boundaries Productive Statistics Economic Models Econometrics

Author:Lars Peter Hansen

“Quality is never an accident. It is always the result of intelligent effort.”

“America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way.”

“Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.”

Humans Ideas Reason Courses Force Common Liberty Moral Economic Materials Needed Economics Affair Determine Socialism Common Sense Productive Trends Despotism Moral Courage

Book:Planned Chaos

Source: Planned Chaos

“America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.”

Source: Capitalism: The Unknown Ideal

“The greatest productive force is human selfishness.”

Humans Force Liberty Economics Libertarian Selfishness Productive Libertarianism Self Interest Great Libertarian Selfish Interest

Book:Time Enough for Love

Source: Time Enough for Love

“What does a tax do? It takes either from the producer or the consumer a more or less sizable portion of the product destined in part to consumption and in part to savings, in order to apply it to less productive or even destructive ends, and more rarely to savings.”

Doe Ends Philosophy Political Order Products Taxes Economics Producers Saving Consumers Destructive Productive Portions Consumption Destined Savings

Author:Gustave de Molinari

“The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.”

Real Philosophy Bigs Political Nations Growth Economic Standards Economics Investment Rate Factors Saving Productive Wages Promoting Economic Growth Payoff

Author:Paul Samuelson

“A tax is always a sacrifice which the government demands of individuals.While it only lessens every one's personal eǌoyments, it only shifts expenses from one to another.But when it encroaches on productive consumption it diminishes public riches.”

Philosophy Government Political Individual Sacrifice Demand Taxes Economics Riches Productive Expenses Consumption Diminish

Author:Antoine Destutt de Tracy

“Economics, as it has emerged, can be made more productive by paying greater and more explicit attention to the ethical considerations that shape human behaviour and judgment.”

Humans Made Challenges Attention Greater Inspire Shapes Judgment Economics Productive Consideration Ethical Behaviour Provoking Explicit Human Behaviour

Author:Amartya Sen

“Thirty years ago, about 80% of a company's assets resided in its plant and equipment, with 20% in the knowledge of its people. Today, the reverse is true. The knowledge of our staff is our principal asset”

People Years Today Business Company Years Ago Economics Management Plant Happy Thirty Productive Assets Reverse Principal Staff Equipment Thirty Years

Author:Susan Rice