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Economics Quotes

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Economics Quotes

“Economics is sometimes associated with the study and defense of selfishness and material inequality, but it has an egalitarian and civil libertarian core that should be celebrated.”

Should Sometimes Study Materials Economics Defense Libertarian Core Inequality Selfishness

Author:Tyler Cowen

“Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.”

Sometimes Differences Masters Economics Favors Regulation Legislature Workmen Equitable Wealth Of Nations Counsellors

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master

“Humans have trouble with economics, as you may have noticed, and not just because economic circumstances sometimes cause them to starve. Humans seem to have an innate inability to pay attention to economic principles.”

Humans May Sometimes Seems Causes Pay Attention Principles Trouble Economic Circumstances Economics Pay Attention Inability Innate

Book:Eat the Rich: A Treatise on Economics

Source: Eat the Rich: A Treatise on Economics

“I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.”

“It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

“The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all.”

Sometimes Political Politics Wealth Poor Poverty Rich Economics Inequality Riches And Poors

Book:The Essential Gilbert K. Chesterton

Source: The Essential Gilbert K. Chesterton

“I wish we questioned the aid model as much as we are questioning the capitalism model. Sometimes the most generous thing you can do is just say no.”

Sometimes Wish Can Do Models Capitalism Economics Aids Generous Questioning Saying No Just Say No

Author:Dambisa Moyo

“A cunning fellow is man, inventive beyond all expectation, he reaches sometimes evil and sometimes good”

Men Sometimes Evil Expectations Economics Fellows Cunning

Author:Sophocles

“Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader.”