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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“I wasn't worth a cent two years ago, and now I owe two million dollars.”

Years Two Humor Millions Years Ago Economics Dollars Investing Debt Two Years Cents Million Dollars Golden Age Two Years Ago Gilded Age Mutual Trust

Book:The Gilded Age: A Tale of To-day

Source: The Gilded Age: A Tale of To-day

“Marriage emerged some forty-five hundred years ago and evolved into a widespread and accepted institution that bonded families, maintained order, and created wealth. Unlike today, where many of us are searching for our romantic "soul mate," marriage was originally more about economics than deep emotion.”

Years Soul Today Order Wealth Emotion Five Hundred Years Ago Economics Institutions Accepted Forty Mates Soul Mate Deep Emotions

Book:'Till Death Do Us Part: Love, Marriage, and the Mind of the Killer Spouse

Source: 'Till Death Do Us Part: Love, Marriage, and the Mind of the Killer Spouse

“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”

Years Long Running Sound Money Paper Standards Years Ago Economics Gold Feds Steady Decline Currency Banking Deposits Gold Standard

Author:Llewellyn Rockwell

“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.”

Way Years Certain Grows Wonderful Risk Information Internet Advantage Years Ago Economics Threat Newspapers Mediums Certainty Alternatives Fabulous Dominance

Author:Charlie Munger

“Some years ago John Kenneth Galbraith wrote in an essay on his efforts at writing a history of economics: 'As one approaches the present, one is filled with a sense of hopelessness; in a year and possibly even a month, there is now more economic comment in the supposedly serious literature than survives from the whole of the thousand years commonly denominated as the Middle Ages ... anyone who claims to be familiar with it all is a confessing liar.' I believe that all physicists would subscribe to the same sentiments regarding their own professional literature. I do at any rate.”

“Economics has never been a science - and it is even less now than a few years ago.”

Years Years Ago Economics Economist Studying Economics

Author:Paul Samuelson

“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

“Thirty years ago, about 80% of a company's assets resided in its plant and equipment, with 20% in the knowledge of its people. Today, the reverse is true. The knowledge of our staff is our principal asset”

People Years Today Business Company Years Ago Economics Management Plant Happy Thirty Productive Assets Reverse Principal Staff Equipment Thirty Years

Author:Susan Rice

“Fifteen years ago, if you said business will help save the environment people would have laughed at you. Today, I believe that is a serious proposition.”

People Ifs Years Believe Said Helping Today I Believe Business Environment Serious Years Ago Economics Management Laughed Fifteen Propositions Fifteen Years Save The Environment

Author:Tony Blair

“Some years ago an excellent professor of economics told his class in his gravelly voice, 'If you pay me $50,000 a year to solve a problem, I damned sure ain't going to solve it.'”

Ifs Years Problem Political Voice Pay Class Years Ago Economics Solve Excellent Professors

Author:Charley Reese

“I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school- including von Hayek and von Haberler - returned for the occasion. And so my father took a moment to reflect on the economic triumphs of the Austrian Republic since the war, which, he said, "would not have been possible without the contribution of these men." They nodded - briefly - until it dawned on them what he meant. They'd all left the country in the 1930s.”

“Thirty years ago, if you said the country was living beyond its means, people would have thought about economics. Now, if you talk about the country, or the planet living beyond its means, you think about the environment. We are taking out more than we are giving back. We are consuming energy, water, and other natural resources in a way that is leading to huge and often irreversible damage to the planet. So too are most other developed nations. And so too will China and India if they follow the same path of economic development as us”

“However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.”

Years Decision Years Ago Economics Aggravation Bankruptcy Aftermath

Author:Gerard Arpey