Best economics & unemployment Quotes | Short & Famous Sayings

“My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.”

Two Whole Jobs Teach Economic Subjects Theory Mass Economics International Unemployment Economic Theory Corpus

Author:James Meade

“Any system of economics is bankrupt if it sees either value or virtue in unemployment.”

Ifs Values Virtue Economics Unemployment

Author:Jimmy Carter

“All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.”

People Made Lasts Process Progress Century Produce Couple Areas Economics Labor Workers Permanent Productive Goods Temporary Fewer Unemployment Shifting

Author:Milton Friedman

“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.”

“Though the poorest Americans voted for Hillary Clinton, many relatively wealthy people voted for Trump and generally it's a mistake to think that economics explains Trump. The US is doing relatively well, the economy has significantly recovered since 2008, unemployment rates are low. I would say rather that his appeal to the working class was cultural: "I'll bring back the kinds of jobs your fathers had," and, by implication, the whiter, simpler post-war world when America had no real economic competition.”

“We have weapons of mass destruction we have to address here at home. Poverty is a weapon of mass destruction. Homelessness is a weapon of mass destruction. Unemployment is a weapon of mass destruction.”

Home Poverty Economy Health Weapons Mass Economics Destruction Addresses Unemployment Homelessness Weapons Of Mass Destruction Mass Destruction

Author:Dennis Kucinich

“The production of too many useful things results in too many useless people.”

People Work Results Technology Computer Economics Philosophical Productions Invention Useless Unemployment Uselessness Useful Things Computer Technology Useless Things

Book:Marx's Concept of Man: Including 'Economic and Philosophical Manuscripts'

Source: Marx's Concept of Man: Including 'Economic and Philosophical Manuscripts'

“As for us, He has appointed the job of permanent unemployment. If he wanted us to work, after all, He would not have created this wine. With a skinfull of this, Sir, would you rush out to commit economics?”

Ifs Wanted Jobs Economics Wine Commit Permanent Unemployment

Book:The Rumi Collection

Source: The Rumi Collection

“If the ordinary wage-earner worked four hours a day, there would be enough for everybody, and no unemployment — assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure.”

“The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.”

Source: Middle of the Road Policy Leads to Socialism

“The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.”

Ifs Book Law Social Black Results Liberty Serious Source Economics Regard Rate Libertarian Teenager Libertarianism Minimum Unemployment Scandal Minimum Wage Unrest Statutes Social Unrest

Author:Milton Friedman

“Depressions and mass unemployment are not caused by the free market but by government interference in the economy.”

Government Liberty Economy Mass Economics Libertarian Libertarianism Unemployment Free Market Interference

Author:Ludwig von Mises

“Unemployment is bigger than a political party. It is a national danger and a national scandal.”

Political Party Danger Economics Bigger Unemployment Political Parties Scandal

Author:Ellen Wilkinson

“You can have a wages policy imposed by mass unemployment.”

Policy Mass Economics Unemployment Wages

Author:Michael Foot

“People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job or may not try to find one as quickly as they would without the benefit.”

People Ifs Trying May Philosophy Jobs Political Benefits Economics Workers Attractive Unemployment Incentives Unemployed Unemployment Benefits

Author:Paul Krugman

“Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.”

Source: CourseSmart E-Book for Macroeconomics: A PDF-style E-Book

“Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the government subsidize low-wage employment. The earned-income tax credit for low-income workers - which has been the object of proposed cuts by both President Clinton and congressional Republicans - has been a positive step in this direction.”

“It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.”

“There is no easy fix or youth unemployment. Partnership between the public and private sectors can make a big difference.”

Bigs Easy Differences Youth Economics Partnership Unemployment Private Sector

Author:Ellen Johnson Sirleaf

“Unemployment is down, confidence is up, DOW 5,000 above Bush - or as Republicans put it, let's talk about gay people and abortion!”

People America Political Politics Economic Confidence Republican Gay Economics Usa Abortion Lgbt Unemployment Gay People Funny Political

Author:Bill Maher

“But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.”

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