Home / Topics / Economics Quotes

Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“.......the poor of the world cannot be made rich by redistribution of wealth. Poverty can't be eliminated by punishing people who've escaped poverty, taking their money and giving it as a reward to people who have failed to escape. Economic leveling doesn't work. Whether we call it Marxism, Progressive Reform, or Clintonomics, the result is the same slide into the stygian pit. Communists worship Satan; socialists think perdition is a good system run by bad men; and liberals want us to go to hell because it's warm there in the winter.”

Source: All the Trouble in the World: The Lighter Side of Overpopulation, Famine, Ecological Disaster, Ethnic Hatred, Plague, and Poverty

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

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

“The liberal reward of labor, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the laboring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they going backwards fast.”

Hands Natural Wealth Poor Conditions Effects Economics Labor Rewards Backwards Symptoms Starving Maintenance

Book:The Wealth of Nations: Representative Selections

Source: The Wealth of Nations: Representative Selections

“Obama liberals, in their incalculable arrogance, believe they are smart enough to defy everything we know about human nature, economics and history by insisting on separating financial efforts from rewards and pretending this can bring prosperity.”

Knows Believe Humans Enough Effort Human Nature Smart Economics Rewards Financial Prosperity Arrogance Pretending Separating Insisting

Author:David Limbaugh

“The avoidance of taxes is the only intellectual pursuit that still carries any reward.”

Stills Humor Funny Business Taxes Intellectual Economics Rewards Pursuit Finance Carrie Taxation Avoidance Tax Day Taxes Funny

Author:John Maynard Keynes

“Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.”

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”

War School Difficult Simple Business Behavior Economics Management Complexes Rewards Investing Simplicity Buffets Business School Good Behavior Investment Success Risk And Reward

Author:Warren Buffett

“You don't have to get a job that makes others feel comfortable about what they perceive as your success. You don't have to explain what your plan to do with your life. You don't have to justify your education by demonstrating its financial rewards. You don't have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts.”

Source: Brave Enough: A Mini Instruction Manual for the Soul

“Gradually, they learned that politics is fundamentally a great business, a struggling and a haggling for advantages, over whose lap collects the most rewards cast by the legislation-machine.”

Philosophy Political Struggle Advantage Economics Machines Rewards Casts Legislation Lap Great Business

Author:Friedrich Naumann

“The rewards that will flow from a successful shift to a low carbon economy are high. Neither governments nor business can afford to let these opportunities pass them by”

Government Opportunity Business Economy Successful Lows Economics Flow Management Rewards Carbon

Author:Margaret Beckett

“If the rewards to authors go down, simple economics says there will be fewer authors. It's not that people won't burn with the passion to write. The number of people wanting to be novelists is probably not going to decline - but certainly the number of people who are going to be able to make a living as authors is going to dramatically decrease.”

People Ifs Writing Able Passion Simple Numbers Economics Rewards Novelists Fewer Decline Decrease

Author:Scott Turow