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Economy Quotes

“One wonders whether the Obama re-election campaign may be on the right track as it seeks to apply the you-break-it-you-own-it rule to Bush and the American economy. Hardly a day goes by without President Obama or his surrogates arguing that it takes longer than four years to recover from an economic crisis so long in the making.”

Years May Long President Wonder Break Economy Four Economic Election Crisis Track Arguing Campaigns President Obama Four Years Right Track Economic Crisis Surrogates American Economy

Author:Jon Meacham

“We can go back to economic plans that are only designed to benefit the wealthiest among us, like Mitt Romney. Or we can keep moving forward with President Obama's vision for a growing economy that works for middle-class families in North Carolina and all across the country. For me, for North Carolina and for America, it's an easy choice.”

“But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.”

Light Action Term Economy Economic Information Exercise Agents Ruling Incentives Transmit

Book:The Republic of Science, Its Political and Economic Theory: A Lecture Delivered at Roosevelt University, January 11, 1962

Source: The Republic of Science, Its Political and Economic Theory: A Lecture Delivered at Roosevelt University, January 11, 1962

“The weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and political themes of 2012.”

Political Economy Economic Weak Election Congress Income Inequality Presidential Theme Dominant Presidential Election Income Inequality Economic Inequality Gridlock

Author:Steven Rattner

“The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.”

Ifs World Ideas Country Growth Views Economy Pieces Economic Benefits Economic Growth Integrated Concur

Author:Jeffrey Sachs

“The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.”

Ifs Knows Needs May Hard Care Principles Economy Economic Hard Truths Specifics Doctoring Tender Loving Care

Author:Jeffrey Sachs

“It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.”

Trying Shows Reality Government Action Economy Fate Economic Example Intervention Fashionable Recessions Rail Government Intervention Great Recession

Author:Mark Zandi

“Banks should contribute to the real economy, make a positive contribution to economic growth.”

Should Real Growth Economy Economic Contribution Economic Growth

Author:Jeroen Dijsselbloem

“The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.”

World Country Economy Economic Fields Globalization World Economy Economic Globalization

Author:Richard Grasso

“If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?”

“He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.”

Firsts Term Responsibility Economy Successful Economic Customers Corporations Being Successful Ethical Framework Shareholders

Author:Lee R. Raymond

“In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.”

People Humans Choices Deals Cases Economy Economic Aspect Including Right Thing Dimensions Excess Carried Away Aspects Of Life Latitude

Author:Lee R. Raymond

“It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.”

People Country Growth Water Economy Economic Development Drink Essentials Bases Goods Healthcare Facility Economic Growth Goods And Services

Author:Lee R. Raymond

“It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.”

Two Social Economy Economic Obligation Corporations Intertwined Social Obligation

Author:Lee R. Raymond

“Economists use the word consume to mean "utilize economic goods," but the Shorter Oxford Dictionary's definition is more appropriate to ecologists: "To make away with or destroy; to waste or to squander; to use up." The economies that cater to the global consumer society are responsible for the lion's share of the damage that humans have inflicted on common global resources.”

Humans Mean Use Common Economy Share Economic Waste Resources Responsible Definitions Consumers Damage Appropriate Goods Lions Consumerism Economist Dictionary Overconsumption Oxford

Author:Alan Thein Durning

“There'll be some savings from preventing double dipping by public servants which are currently able to access not one but two fully tax payer funded schemes and of course there will be out paid parental leave levy. So all up not only is this an important economic reform, an important reform to have to grow our economy more strongly, it also will leave the budget better off which will help us fix the mess that Labor has created with the budget.”

“I believe we can do much more to adapt to the structural changes in the global economy, get high-end manufacturing back here, set up clusters of economic activity where you have, among other things, continuous retraining of people well into their middle years so they never become irrelevant to the current job market.”

People Years Believe Wells Ends Jobs I Believe Can Do Economy Economic Middle Activity Currents Irrelevant Manufacturing Global Economy Getting High Clusters

Author:William J. Clinton

“It is one of the greatest economic errors to put any limitation upon production.We have not the power to produce more than there is a potential to consume.”

Wisdom Politics Economy Economic Produce Errors Productions Limitation Liberalism

Author:Louis D. Brandeis

“Providing tax relief and reducing regulations leads to job creation and new economic opportunities for our small businesses, which are the backbone of our economy.”

Jobs Opportunity Economy Economic Creation Taxes Relief Regulation Providing Small Business Reducing Backbone Job Creation

Author:Cathy McMorris Rodgers

“Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.”

Believe Suffering Economy Economic Effects Economics Vain Beneficial Disagreeable

Author:John Kenneth Galbraith

“In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.”

Desire Faith Economy Economic Economics Pretension Hope And Faith Coexist Respectability Economy And Economics Deep Desire

Author:John Kenneth Galbraith

“The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.”

Stills States Economy Economic Labor Our Time Enterprise Free Enterprise Dialectics

Book:Economics in Perspective: A Critical History

Source: Economics in Perspective: A Critical History

“The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.”

Self Growth Economy Path Economic Majors Add Currents Oil Terrorist Recovery Shock Categories Expansion Economic Growth Terrorist Attacks Payroll Oil Price

Author:Sung Won Sohn

“We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.”

Wells Ability Economy Economic Policy Priorities Flexible Economic Policy American Economy Adaptive

Author:John W. Snow

“In studying the fate of our forest king, we have thus far considered the action of purely natural causes only; but, unfortunately, man is in the woods, and waste and pure destruction are making rapid headway. If the importance of the forests were even vaguely understood, even from an economic standpoint, their preservation would call forth the most watchful attention of government”

Source: JOHN MUIR Ultimate Collection: Travel Memoirs, Wilderness Essays, Environmental Studies & Letters (Illustrated): Picturesque California, The Treasures of the Yosemite, Our National Parks, Steep Trails, Travels in Alaska, A Thousand-mile Walk to the Gulf, Save the Redwoods, The Cruise of the Corwin and more

“You can't have a healthy economy without sound money, which is why we're on the verge of very serious economic problem.”

Problem Sound Economy Economic Serious Healthy Verge Economic Problems

Author:Ron Paul

“The world economy is not yet a community--not even an economic community...Yet the existence of the "global shopping center" is a fact that cannot be undone. The vision of an economy for all will not be forgotten again.”

World Facts Community Existence Vision Economy Economic Forgotten Shopping Undone World Economy Shopping Centers

Book:The Age of Discontinuity: Guidelines to Our Changing Society

Source: The Age of Discontinuity: Guidelines to Our Changing Society

“Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of our foreign exchange, was being spent on the war. I was lucky to be present at one of his rare appearances in Cambridge, when he gave a lecture with the title "Newton, the Man." Four years later he died of heart failure, precipitated by overwork and the hardships of crossing the Atlantic repeatedly in slow propeller-driven airplanes under wartime conditions.”

“To have peace and not war, the drift toward a war economy, as facilitated by the moves and the demands of the sophisticated conservatives, must be stopped; to have peace without slump, the tactics and policies of the practical right must be overcome. The political and economic power of both must be broken. The power of these giants of main drift is both economically and politically anchored; both unions and an independent labor party are needed to struggle effective.”

War Moving Political Party Struggle Economy Economic Policy Broken Needed Demand Labor Overcoming Independent Unions Practicals Giants Sophisticated Tactics Economic Power Slumps

Author:C. Wright Mills

“Globalization makes our economy, our health, and our security all captive to events on the other side of the world. And no other nation on earth has a greater capacity to shape that global system, or to build consensus around a new set of international rules that expand the zones of freedom, personal safety, and economic well-being. Like it or not, if we want to make America more secure, we are going to have to help make the world more secure.”

Source: The Audacity of Hope: Thoughts on Reclaiming the American Dream

“The sluggish economy is creating a situation where the young people in Japan cannot cherish their desires or have prospects for their future. Also, the decline in Japan's economic capability is resulting in a declining presence for Japan's foreign policy as well. Accordingly, the duties and mission that I must fulfill are pretty clear: namely, to regain a strong and robust economy, and also to restore Japan's strong foreign policy capability.”

People Wells Young Desire Strong Situation Economy Clear Economic Policy Duty Creating Missions Japan Cherish Capability Foreign Policy Decline Prospects Robust Sluggish

Author:Shinzo Abe

“Every tax cut I call for is targeted, it's responsible and it is paid for within my balanced budget plan. My tax cuts will not undermine our economy. They will speed economic growth.”

Growth Economy Cutting Plans Economic Taxes Paid Responsible Speed Budgets Balanced Economic Growth Tax Cuts Balanced Budget

Book:Public Papers of the Presidents of the United States: William J. Clinton, 1995

Source: Public Papers of the Presidents of the United States: William J. Clinton, 1995

“With the increasingly important role of intelligent machines in all phases of our lives--military, medical, economic and financial, political--it is odd to keep reading articles with titles such as Whatever Happened to Artificial Intelligence? This is a phenomenon that Turing had predicted: that machine intelligence would become so pervasive, so comfortable, and so well integrated into our information-based economy that people would fail even to notice it.”

Source: The Age of Spiritual Machines: When Computers Exceed Human Intelligence

“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.”

“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.”

Important Half Economy Economic Accounts Function Productions Spending Capitalist Household Consumption Gdp Capitalist Economy

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

People Social Wealth Existence Poverty Millions Economy Economic Terrible Capitalism Endure Incredibles Extremes Despite Continuing Deprivation Extreme Poverty

Book:Economics for everyone: a short guide to the economics of capitalism

Source: Economics for everyone: a short guide to the economics of capitalism

“The ideal situation for any state is to experience sharp economic growth while its rivals' economies grow slowly or hardly at all.”

States Grows Growth Situation Economy Economic Ideals Rivals Economic Growth

Book:The Tragedy of Great Power Politics (Updated Edition)

Source: The Tragedy of Great Power Politics (Updated Edition)

“The Soviet Union and its empire disappeared in large part because its smokestack economy could no longer keep up with the technological progress of the world's major economic powers.”

World Economy Progress Economic Majors Unions Empires Soviet Technological Soviet Union Economic Power Technological Progress

Book:The Tragedy of Great Power Politics (Updated Edition)

Source: The Tragedy of Great Power Politics (Updated Edition)

“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.”

“Economists believe there are three reasons why the Russian economy is doing so poorly. One, economic sanctions are working. Number two, low-price oil. And number three, Lindsay Lohan has quit drinking vodka.”

Believe Two Reason Three Numbers Economy Economic Lows Drinking Oil Quitting Reason Why Economist Sanctions Vodka Number Three Quit Drinking Economic Sanctions Russian Economy

Author:David Letterman

“Emancipation of human labor from economic servitude and exploitation, i.e., from organizations of production in which the conditions of work are determined by a master class who own the means of production, and in which the fruits of work are alienated from workers to the benefit of masters.”

Humans Mean Wisdom Politics Class Economy Economic Conditions Masters Benefits Labor Organization Fruit Workers Productions Determined Liberalism Exploitation Emancipation Servitude

Author:Mortimer Adler

“Political democracy cannot flourish under all economic conditions. Democracy requires an economic system which supports the political ideals of liberty and equality for all. Men cannot exercise freedom in the political sphere when they are deprived of it in the economic sphere.”

Men Political Politics Liberty Support Economy Democracy Economic Conditions Exercise Ideals Liberalism Spheres Deprived Economic Systems Equality For All Liberty And Equality

Book:The Capitalist Manifesto

Source: The Capitalist Manifesto

“Radicals, on the other hand, want to advance from the jungle of laissez-faire capitalism to a world worthy of the name of human civilization. They hope for a future where the means of economic production will be owned by all of the people instead of just a comparative handful. They feel that this minority control of production facilities is injurious to the large masses of people not only because of economic monopolies but because the political power inherent in this form of centralized economy does not augur for an ever expanding democratic way of life.”

“But if we are to retain freedom, then we can only do so by keeping the determining mass of the citizens the possessors of property with personal control over it, as individuals or as families. For property is the necessary condition of economic freedom in the full sense of that term. He that has not property is under economic servitude to him who has property, whether the possessor of it be another individual or the State.”

Ifs States Wisdom Politics Individual Term Economy Economic Conditions Citizens Mass Property Liberalism Over It Servitude Economic Freedom

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“Capitalism had arisen through the misuse and exaggeration of certain rights, notably the right of property - the basis of economic freedom - and the right of contract, which is one of the main functions of economic freedom. Therefore, even under Capitalism, so long as the old principles were remembered it was possible to recall the principles whereby Society had once been sane and well ordered.”

Wells Long Certain Politics Principles Economy Rights Economic Capitalism Function Bases Property Remembered Liberalism Contracts Sane Recalls Exaggeration Misuse Economic Freedom

Author:Hilaire Belloc

“Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.”

World Kind Wisdom Political Politics Economy Economic Modern Structure Liberalism Rebellion Threatening Worthless Modern World Proletariat Economic Freedom Political Freedom Usury

Book:The Crisis Of Civilization

Source: The Crisis Of Civilization

“Economic freedom is in our eyes a good. It is among the highest of temporal goods because it is necessary to the highest life of society through the dignity of man and through the multiplicity of his action, in which multiplicity is life. Through well-divided property alone can the units of society react upon the State. Through it alone can a public opinion flourish. Only where the bulk of the cells are healthy can the whole organism thrive.”

Source: An Essay on the Restoration of Property

“It is therefore our business to restore economic freedom through the restoration of the only institution under which it flourishes, which institution is Property. The problem before us is, how to restore Property so that it shall be, as it was not so long ago, a general institution.”

Long Problem Politics Economy Economic Institutions Property Liberalism Long Ago Restoration Economic Freedom

Book:An Essay on the Restoration of Property

Source: An Essay on the Restoration of Property

“Let us then repeat and firmly fix this main point: the evil, the root evil, of that to which the term Capitalism has come to be applied, is neither its functioning for profit nor its dependence upon legally protected private property; but the presence of a Proletariat, that is of men possessing political freedom, but dispossessed of economic freedom, and existing in such large numbers in any community as to determine the tone of all that community.”

Source: The Crisis Of Civilization

“The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.”

Kind Wisdom Politics Economy Economic Activity Credit Factors All Kinds Chiefs Proportion Liberalism Units

Book:An Essay on the Restoration of Property

Source: An Essay on the Restoration of Property