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Economy Quotes

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Economy Quotes

“Roughly two billion people participate in the money economy, with less than half of those living in the wealthy countries of the developed world. These affluent 800 million, however, account for more than 75 percent of the world's energy and resource consumption, and also create the bulk of its industrial, toxic, and consumer waste.”

“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.”

“I don't mean to imply that we are in imminent danger of being wiped off the face of the earth - at least, not on account of global warming. But climate change does confront us with profound new realities. We face these new realities as a nation, as members of the world community, as consumers, as producers, and as investors. And unless we do a better job of adjusting to these new realities, we will pay a heavy price. We may not suffer the fate of the dinosaurs. But there will be a toll on our environment and on our economy, and the toll will rise higher with each new generation.”

“Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private consumption spending accounts for half or more of GDP.”

“Men will see in their king or in their rulers men like themselves perhaps unworthy or open to criticism, but they will not on that account refuse obedience if they see reflected in them the authority of Christ, God and Man. Peace and harmony, too, will result; for with the spread and the universal extension of the kingdom of Christ, men will become more and more conscious of the link that binds them together, and thus many conflicts will either be prevented entirely or at least their bitterness be diminished.”

“Rome was in the most dangerous inclination to change on account of the unequal distribution of wealth and property, those of highest rank and greatest spirit having impoverished themselves by shows, entertainments, ambition of offices, and sumptuous buildings, and the riches of the city having thus fallen into the hands of mean and low-born persons. So that there wanted but a slight impetus to set all in motion, it being in the power of every daring man to overturn a sickly commonwealth.”

“I have known several persons of great fame for wisdom in public affairs and councils governed by foolish servants. I have known great ministers, distinguished for wit and learning, who preferred none but dunces. I have known men of valor cowards to their wives. I have known men of cunning perpetually cheated. I knew three ministers who would exactly compute and settle the accounts of a kingdom, wholly ignorant of their own economy.”

“Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies”

“Man is a great blunderer going about in the woods, and there is no other except the bear makes so much noise. ... The cunningest hunger is hunted in turn, and what he leaves of his kill is meat for some other. That is the economy of nature, but with it all there is not sufficient account taken of the works of man. There is no scavenger that eats tin cans, and no wild thing leaves a like disfigurement on the forest floor.”

“There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a massive barter economy. All it requires is some commonly used unit of account and adequate computing power to make sure all transactions could be settled immediately. People would pay each other electronically, without the payment being routed through anything that we would currently recognize as a bank. Central banks in their present form would no longer exist – nor would money.”

“Suppose a nation, rich and poor, high and low, ten millions in number, all assembled together; not more than one or two millions will have lands, houses, or any personal property; if we take into the account the women and children, or even if we leave them out of the question, a great majority of every nation is wholly destitute of property, except a small quantity of clothes, and a few trifles of other movables.”