Best economy & economics Quotes | Short & Famous Sayings

“In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.”

Author:Martin O'Malley

“Among the most urgent political priorities of our age is the separation of economy and state.”

States Age Political Economy Economics Priorities Separation Urgent

Author:Llewellyn Rockwell

“Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions- all attempting to quell human diversity and impose order. Thus power always seeks centralization.”

“In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”

Important Facts Freedom Party Business Economy Benefits Economics Investing Partnership Free Market Market Economy Free Market Capitalism Economy And Economics Free Economy

Author:Milton Friedman

“The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.”

People Way Together Individual Freedom Economy Essentials Economics Partnership Free Market Individual Freedom Free Market Capitalism

Author:Milton Friedman

“The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.”

People Way Government Black Freedom Economy Economics Opening Working It Free Market Enabling Opening Up Market Economy Free Market Capitalism

Author:Milton Friedman

“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

“Meetings are indispensable when you don't want to do anything.”

Want Change Business Economy Economics Organization Management Meetings Committees Indispensable Business Meeting

Book:Ambassador's Journal

Source: Ambassador's Journal

“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

“Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.”

Mind Audience Economy Subjects Blessing Economics Ears Response Ill Boredom Topics Cliche

Author:John Kenneth Galbraith

“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”

Has Beens Wisdom Three Politics Economy Fire Economics Invention Wheels Liberalism Banking Central Banking Great Inventions

Author:Will Rogers

“Our goal is not to assume leadership of existing institutions, but rather to render them irrelevant. We don't want to take over the state or change its policies. We want to render its laws unenforceable. We don't want to take over corporations and make them more 'socially responsible.' We want to build a counter-economy of open-source information, neighborhood garage manufacturing, permaculture, encrypted currency and mutual banks, leaving the corporations to die on the vine along with the state. We do not hope to reform the existing order. We intend to serve as its grave-diggers.”

“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

“Economy, the poor man's mint.”

Men Poor Economy Economics Poor Man Mint

Book:The Poetical works

Source: The Poetical works

“To balance Fortune by a just expense, Join with Economy, Magnificence.”

Economy Balance Economics Fortune Expenses Magnificence

Book:The Poetical Works of Alexander Pope Edited with Notes and Introductory Memoir by Adolphus William Ward

Source: The Poetical Works of Alexander Pope Edited with Notes and Introductory Memoir by Adolphus William Ward

“The difference between [socialism and fascism] is superficial and purely formal, but it is significant psychologically: it brings the authoritarian nature of a planned economy crudely into the open. The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal.”

“Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.”

“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.”

Thinking Wells May Helping Would Be Political Names Term Economy Economics Minors Convenient Troublesome Alterations Substitution Political Economy

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.”

Ifs World Real Enough Understanding Interest Economy Worst Essentials Lows Economics Rate Financial Zero Messed Up Interest Rate World Economy Financial System

Author:Paul Krugman

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“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.”

“I do know enough about economics - and so do you - to understand that the 'stimulus program' of Barack Obama and his ravenous parasitic hordes, supposedly designed to 'repair' America's broken economy, reveals him to be unimaginably stupid, gibberingly insane, or simply the biggest, most barefaced criminal thug ever to occupy the White House. And that's saying a lot.”

Knows Enough America House White Economy Stupid Broken Program Economics Criminals Insane Barack White House Stimulus Thug Horde

Author:L. Neil Smith

“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.”

Source: Essay on Marxian Economics

“The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.”

World Views Economy Capable Economics Rhythm Complexity Orthodox Richness Linear Fluctuation

Author:Paul Ormerod

“If adapted to the unique requirements of various regions and peoples of the world, such economic pluralism could have a greater global impact over the next fifty years than the collectivist economics of Marxism and neo-Marxism have had during the half century just past.”

Ifs World Years Wisdom Past Next Politics Half Economy Greater Economic Century Unique Economics Impact Various Liberalism Fifty Regions Requirements Marxism Adapted Pluralism

Author:Robert Dickson Crane

“Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.”

Two Problem Wisdom Politics Results Economy Clear Economic Economics Labor Income Factors Liberalism Productive Thinker Distribution Economic Problems

Author:Louis O. Kelso

“Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.”

Wisdom Politics Economy Modern Economics Accepted Income Analysis Liberalism Distribution Fads Cranky

Author:Paul Samuelson

“The real struggle between an American government and the people was one of power, which was settled when they designed their Constitution, which conceded the sovereignty of the people when it came to politics, and the sovereignty of the consumer when it came to economics.”

People Real Wisdom Government Politics Struggle Economy Economics Constitution Consumers Liberalism Sovereignty American Government Conceded

Author:Ndabaningi Sithole

“Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.”

“What is surprising is not that oppression should make its appearance only after higher forms of economy have been reached, but that it should always accompany them.”

Should Has Beens Form Economy Higher Economics Appearance Oppression Surprising Accompany

Book:Oppression and Liberty

Source: Oppression and Liberty

“A 'mixed economy' is a society in the process of committing suicide.”

Process Economy Economics Suicide Committing Suicide Mixed Economy

Book:The Ayn Rand Lexicon: Objectivism from A to Z

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.”

Political Causes Moral Economy Study Effects Economics Weather Discussion Poetic Creeds Cause And Effect Meteorology

Book:Basic Economics

Source: Basic Economics

“Innovating economies expand and develop. Economies that do not add new kinds of goods and services, but continue only to repeat old work, do not expand much nor do they, by definition, develop.”

Kind Economy Economics Add Definitions Repeats Goods Goods And Services

Book:The Economy of Cities

Source: The Economy of Cities

“Only by transforming our own economy to one of peace can we make possible economic democracy in the Third World or our own country. The present economy generates wars to protect its profits and its short-term interests, while squandering the future. Unless we transform the economy, we cannot end war.”

World War Ends Country Term Interest Economy Democracy Economic Protect Economics Thirds Profit Short Term Transforming Third World Squandering

Author:Starhawk

“Pollution and overuse of resources stem directly from the failure of government to defend private property. If property rights were to be defended adequately, we would find that here, as in other areas of our economy and society, private enterprise and modern technology would come not as a curse to mankind but as its salvation.”

“Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.”

Littles Shows Interest Economy Issues Fields Particular Economics Fundamentals Income Distribution Sweeping Revolving Income Distribution

Author:Thomas Sowell

“The basic issue of an American society which is fair, which is providing opportunity for all, is nowadays being replaced by the correct perception that we're living in a rigged economy - where it doesn't matter how hard you worked, the result will be all the income goes to the people at the very top. It's leading to a lot of frustration and anger, and people want some fundamental changes to the way we do economics and growth.”

People Way Want Matter Hard Opportunity Growth Results Economy Issues Perception Fairs Economics Fundamentals Income Frustration Providing Replaced American Society Rigged

Author:Bernie Sanders

“persons, with big wigs many of them and austere aspect, whom I take to be Professors of the Dismal Science… Coining “Dismal Science” as a nickname for Political Economy”

Persons Bigs Political Economy Aspect Economics Professors Nicknames Wigs Political Economy

Author:Thomas Carlyle

“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”

“There are some things in the world we can't change- gravity, entropy, the speed of light, and our biological nature that requires clean air, clean water, clean soil, clean energy and biodiversity for our health and well-being. Protecting the biosphere should be our highest priority or else we sicken and die. Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them. It makes no sense to elevate economics above the biosphere.”

“most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood.”

Humans Body Economy Understood Economics Doctors Complexes Accurate Predictions Economist Human Body Reluctant Complex Systems

Author:Alice Rivlin

“The federal budget deficit is the biggest single impediment to revitalizing the American economy.”

Economy Economics Budgets Deficit Impediments American Economy Budget Deficit

Author:Alice Rivlin

“The 'American dream' ... means an economy in which people who work hard can get ahead and each new generation lives better than the last one. The 'American dream' also means a democratic political system in which most people feel they can affect public decisions and elect officials who will speak for them. In recent years, the dream has been fading.”

“We recognize the force of the argument that the effects of war under modern conditions may be felt in the economy for years and years, and that if the war power can be used in days of peace to treat all the wounds which war inflicts on our society, it may not only swallow up all other powers of Congress but largely obliterate the Ninth and the Tenth Amendments as well.”

Ifs Years Wells May War Used Force Felt Power Economy Modern Conditions Effects Economics Argument Treats Constitution Congress Wounds Our Society Amendments Effects Of War

Author:William O. Douglas

“Particularly when the war power is invoked to do things to the liberties of people, or to their property or economy that only indirectly affect conduct of the war and do not relate to the engagement of the war itself, the constitutional basis should be scrutinized with care. ... I would not be willing to hold that war powers may be indefinitely prolonged merely by keeping legally alive a state of war that had in fact ended. I cannot accept the argument that war powers last as long as the effects and consequences of war for if so they are permanent -- as permanent as the war debts.”

“Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.”

Knows Littles Philosophy Facts Past Humanity Teach Economy Subjects College Ethics Economics Logic Economist Sociology

Author:Bernard Baruch

“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?”

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