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Economics Quotes

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Economics Quotes

“The dominant orthodoxy in development economics was that Third World countries were trapped in a vicious cycle of poverty that could be broken only by massive foreign aid from the more prosperous industrial nations of the world. This was in keeping with a more general vision on the Left that people were essentially divided into three categories - the heartless, the helpless, and wonderful people like themselves, who would rescue the helpless by playing Lady Bountiful with the taxpayers' money.”

Source: Ever Wonder Why?: and Other Controversial Essays

“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”

Has Beens Wisdom Three Politics Economy Fire Economics Invention Wheels Liberalism Banking Central Banking Great Inventions

Author:Will Rogers

“Unless we do change our whole way of thought about work, I do not think we shall ever escape from the appalling squirrel-cage of economic confusion in which we have been madly turning for the last three centuries or so, the cage in which we landed ourselves by acquiescing in a social system based upon Envy and Avarice. A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste.”

Thinking Way Has Beens Whole Lasts Order Three Social Work Economic Century Waste Economics Productions Envy Confusion Consumption Cages Trash Avarice Squirrels Social Systems

Author:Dorothy L. Sayers

“Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by three simple laws of nature. In fact, economists have 99 laws that capture 3 percent of behavior. Economics is a uniquely human endeavor.”

“First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.”

Firsts Bigs Desire Time Three Economic Economics Stomach Macs Insatiable Economy And Economics Big Mac

Author:Douglas Horton

“So no, I’m not too big on religion...and not very fond of politics or economics either...And why should I be? They are the man-created trinity of terrors that ravages the earth and deceives those I care about. What mental turmoil and anxiety does any human face that is not related to one of those three?”

Men Should Humans Doe Bigs Care Earth Faces Three Anxiety Economics Terror Related Deceiving Should I I Care Turmoil Trinity Human Faces

Author:William P. Young

“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.”

Problem Political Three Individual Social Justice Liberty Economic Mankind Economics Social Justice Efficiency Three Things Individual Liberty Economic Efficiency

Book:The collected writings of John Maynard Keynes

Source: The collected writings of John Maynard Keynes

“Every three or four years I pick a new subject. It may be Japanese art; it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.”

Years May Mean Art Enough Three Study Four Subjects Dying Masters Picks Economics Three Years Four Years Japanese Art

Author:Peter Drucker

“This question of legal plunder must be settled once and for all, and there are only three ways to settle it: (1) The few plunder the many. (2) Everybody plunders everybody. (3) Nobody plunders anybody.”

Way Three Liberty Economic Economics Settling Plunder Three Ways

Book:The Law

Source: The Law

“Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we'd call it theft. When government does it, we euphemistically call it income redistribution, but that's exactly what thieves do - redistribute income. Income redistribution not only betrays the founders' vision, it's a sin in the eyes of God.”

Giving Persons Doe Two Government Eye Three Sin Liberty Vision Economic Economics Thirds Property Income Budgets Betray Thieves Founders Theft Income Redistribution

Author:Walter E. Williams

“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)

“For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.”

“Economics played a role. Raleighs have gone from six fifty to nine dollars a carton, but there's a three-quarter cent coupon on the back. You can get all kinds of things with them, blenders, everything. I saved up enough one time and got Al Bumbry.”

Kind Enough Three Roles Gone Six Economics Dollars Saved Nine All Kinds Fifty Als Quarters One Time Cents Blenders Raleigh

Author:Earl Weaver

“When the study of the household (ecology) and the management of the household (economics) can be merged, and when ethics can be extended to include environmental as well as human values, then we can be optimistic about the future of humankind. Accordingly, bringing together these three ‘E's' is the ultimate holism and the great challenge for our future.”

Source: Ecology and our endangered life-support systems