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Economics Quotes

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Economics Quotes

“Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.”

Ifs Problem Law Progress Capitalism Economics Tasks Method Details Solve Academic Discovering Laws Of Motion

Book:Essay on Marxian Economics

Source: Essay on Marxian Economics

“Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.”

Source: Contributions to Modern Economics

“So science alone cannot solve this problem [mass extinction of humans]. It's something that we can only tackle by bringing science together with culture, economics, and even politics.”

Humans Problem Together Culture Mass Economics Solve Extinction Mass Extinction

Author:Annalee Newitz

“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.”

Problem Hands Used Given Liberty Feet Economic Industry Capitalism Economics Stronger Method Solve Ties Declaring Hands And Feet

Book:The Voice of Reason: Essays in Objectivist Thought

Source: The Voice of Reason: Essays in Objectivist Thought

“If you would not confront your neighbor and demand his money at the point of a gun to solve every new problem that may appear in your life, you should not allow the government to do it for you.”

Ifs Should May Problem Government Liberty Demand Gun Economics Solve Libertarian Neighbor Libertarianism

Author:William E. Simon

“No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.”

Trying Two Problem Political Three Politics Understanding Numbers Behinds Politician Economics Election Solve African American Problems And Solutions Number Three Career Politicians Politics And Economics

Book:Dismantling America and Other Controversial Essays (Large Print 16pt)

Source: Dismantling America and Other Controversial Essays (Large Print 16pt)

“Some years ago an excellent professor of economics told his class in his gravelly voice, 'If you pay me $50,000 a year to solve a problem, I damned sure ain't going to solve it.'”

Ifs Years Problem Political Voice Pay Class Years Ago Economics Solve Excellent Professors

Author:Charley Reese

“There is no reason to believe that bureaucrats and politicians, no matter how well meaning, are better at solving problems than the people on the spot, who have the strongest incentive to get the solution right.”

“Economics and a reliance on science and technology to solve our problems has led to an unsustainable situation where continued growth in consumption is required for governments and business to be considered successful. This is a form of insanity. Economics is at the heart of our destructive ways and our faith in it has blinded us”

“You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few. Most people are trained in one model - economics, for example - and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.”

People Knows Men World Way Trying Looks Ideas Use Problem Bigs Example He Man Discipline Models Economics Solve One Way Dumb Nails Hammers Old Saying Big Ideas Handling Problems

Author:Charlie Munger

“With the old economics destroyed, organizational forms perfected for industrial production have to be replaced with structures optimized for digital data. It makes increasingly less sense even to talk about a publishing industry, because the core problem publishing solves — the incredible difficulty, complexity, and expense of making something available to the public — has stopped being a problem.”