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Economics Quotes

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Economics Quotes

“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

“My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.”

Mean Pay Millions Support Honest Policy Theory Economics Police Bills Like Me Eggs Nests Rainy Rainy Day Iron Lady Being A Lady

Author:Margaret Thatcher

“Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.”

Ifs Said Enough Sides Generations Economic Policy Theory Approach Economics Horse Elegant Sparrows Economic Policy Trickle Down Oats Trickle Down Economics Supply Side Economics

Author:John Kenneth Galbraith

“It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.”

Ifs Use Deals Education Clear Theory Economics Mathematics Aids Mathematical Statistics Quantity Calculus

Author:William Stanley Jevons

“We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.”

“Don't let anybody tell you it's corporations and businesses that create jobs.”

Knows Has Beens Jobs Theory Economics Corporations Obnoxious Trickle Down Trickle Down Economics

Author:Hillary Clinton

“The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.”

Humans War Use Age Theory Conflict Achievement Economics Destruction Violent Peaceful Civil War Cooperation Branded Harbinger

Book:Economic freedom and interventionism: an anthology of articles and essays

Source: Economic freedom and interventionism: an anthology of articles and essays