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Economics Quotes

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Economics Quotes

“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.”

“If you wish to prosper, let your customer prosper. When people have learned this lesson, everyone will seek his individual welfare in the general welfare. Then jealousies between man and man, city and city, province and province, nation and nation, will no longer trouble the world.”

People Ifs Men World Individual Nations Wish Cities Liberty Trouble Economic Lessons Economics Customers Welfare Provinces General Welfare

Author:Frederic Bastiat

“Economics is a subject that does not greatly respect one's wishes.”

Doe Wish Economic Subjects Economics

Author:Nikita Khrushchev

“I write for one and only one purpose, to overcome the invincible ignorance of the traduced heart. I wish to speak to and for those who have had enough of the Social Lie, the Economics of Mass Murder, the Sexual Hoax, and the Domestication of Conspicuous Consumption.”

Writing Heart Enough Lying Purpose Speak Wish Social Ignorance Mass Economics Overcoming Murder Consumption Invincible Had Enough Hoaxes Conspicuous Consumption

Author:Kenneth Rexroth

“The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property.”

Mean Wish Liberty Economic Modern Civilization Economics Foundation Property Including Productions Criticize Ownership Private Property Modern Civilization

Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

Source: The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

“However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In other words, thinking with our hearts, rather than our brains, is a surefire method to hurt those whom we wish to help.”

Ifs Thinking Men Heart Helping Wish Hurt Brain Liberty Economic Economics Method Fellows Analysis Compassionate Fellow Man Dispassionate

Book:Liberty Versus the Tyranny of Socialism: Controversial Essays

Source: Liberty Versus the Tyranny of Socialism: Controversial Essays

“It is universally appreciated, I think, that theorists are able to tweak their assumptions in order to reach any conclusion they wish. The believability of the conclusion depends not only on the fact that it was reached but on how hard the theorist had to tweak the model to get there.”

Thinking Hard Facts Able Order Wish Depends Models Economics Conclusion Assumption Appreciated Theorists Tweak Believability

Author:David M. Kreps

“The idea that human kind can shape the world according to wish is what I call the fatal conceit”

World Humans Kind Ideas Wish Shapes Economics Conceit

Author:Friedrich August von Hayek

“The first issue to be settled is whether socialism has a right to exist. Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question.”

Giving Firsts Philosophy Political Wish Answers Principles Issues Economic Theory Industry Economics Tests Socialism Fraud Hype Proceeding Allegations Economic Theory

Author:John Bates Clark

“It is therefore wish'd that all commerce were as free between all the nations of the world as it is between the several counties of England.”

World Philosophy Political Nations Wish Economics England Commerce County

Book:The Autobiography of Benjamin Franklin: 1706-1757

Source: The Autobiography of Benjamin Franklin: 1706-1757

“How much there is I want to do! I always feel that I haven't time to accomplish what I wish. I want to read much. I wanted to write a great deal. I want to make money.”

Want Feels Writing Wanted Wish Deals Havens Economics Accomplish Making Money

Author:Irving Fisher

“If you wish to find, you must search. Rarely does a good idea interrupt you”

Ifs Doe Ideas Motivation Wish Business Economics Management Good Ideas

Author:Jim Rohn

“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