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Economics Quotes

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Economics Quotes

“Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to every man whatever is his own.”

“The gang that trashed the town was now back in town to trash it even more and you'll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.”

“There is a small minority of well-educated people with relatively sensible views on economics, and an extremely tiny minority of economists with highly sensible views. Then there's everybody else. ... To win, a politician needs to please the median voter. It makes little difference if a few thousand economists think you a fool.”

“What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.”

“At its heart, this book touches on a mystery of economics: what exactly is happening in our world, and why does it often work so well? As the authors show, apparently messy systems - such as untidy desks - actually exhibit a high degree of order: the piles of paper are close to hand, and the most important documents tend to make their way to the top while un-needed ones sink to the bottom. If the mess works, why mess with it?”

“At George Mason University I saw Hoppe present a lecture in which he claimed that Ludwig von Mises had set the intellectual foundation for not only economics, but for ethics, geometry, and optics, as well. This bizarre claim turned a serious scholar and profound thinker into a comical cult figure, a sort of Euro Kim Il Sung.”

“The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.”

“General editors' preface The growth of translation studies as a separate discipline is a success story of the 1980s. The subject has developed in many parts of the world and is clearly destined to continue developing well into the twenty-first century. Translation studies brings together work in a wide variety of fields, including linguistics, literary study, history, anthropology, psychology, and economics. This series of books will reflect the breadth of work in translation studies and will enable readers to share in the exciting new developments that are taking place at the present time.”

“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.”