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Economy Quotes

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Economy Quotes

“In a consumer society, expectations dare not plateau, because a growing economy depends on rising expectations... The more we let our level of contentment be determined by outside factors-a new car, fashionable clothes, a prestigious career, social status-the more we relinquish control over our own happiness.”

“No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.”

“Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.”

“It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.”

“I'm an adult and I know what power means in the modern world. In the modern world, power is mainly defined by such factors as the economy, defence and cultural influence. I believe that in terms of defence, Russia is without any doubt one of the leaders because we are a nuclear power and our nuclear weapons are perhaps the best in the world.”

“It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely mathematical skill but a sensitivity to the relative importance of different factors and a critical, almost an artistic, faculty in the selection of behaviour equations which are reasonable, tentative hypotheses in explaining the behaviour of actual economies.”

“Suffering will always be there. You'll always have the poor. You have to own your own progress. It is true that because of the economy and the fear factor the president [Barack Obama] is able to execute a lot of promises that it would be difficult to deliver it not for the fear factor. It's funny. He's delivering on what he promised and we call it fear.”