Economics Quotations | Page 5

The educational excellence of Presidency College was captivating. My interest in economics was amply rewarded by quite outstanding teaching.

Most Americans don't know enough about basic economics to fill out one fortune cookie.

The perennial gale of creative destruction

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

Economic progress, in capitalist society, means turmoil.

I have never read it. You should not waste your time.

The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.

In the history of modern capitalism, crises are the norm, not the exception.

All the economics have gotten worse in the past five years. The process is going to be very painful.

And hard-nosed bankers from New York are going to take a pretty clear view on the risk profile and the economics of the plant in Bangladesh.

Any system of economics is bankrupt if it sees either value or virtue in unemployment.

The laws of economics still apply and higher prices call forth more supply while dampening demand. The long view of the market's history, filled with booms and busts, is on our side.

From 1931 to 1937, I was a Fellow and Lecturer in Economics at Hertford College, Oxford.

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.

The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

A depression is a situation of self-fulfilling pessimism.

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

owning capital is not a productive activity.

The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy. But policy means nothing unless there is an authority to carry it out, and authorities are national.

The point of studying economics is so as not to be fooled by economists.

The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.

The only thing worse than being exploited by capitalism is not being exploited by capitalism.

For every mountain there is another one. The big question is if you reach the top of the mountain, what then? What do you do then? I suppose you die.

Moore's law is really about economics.

Economics is a very dangerous science.

Men will not always die quietly.

He had one illusion - France; and one disillusion - mankind, including Frenchmen.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

I'd rather be vaguely right than precisely wrong.

I don't think you can spend yourself rich.

In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

In economics it is a far, far wiser thing to be right than to be consistent

Foresight is an imperfect thing - all prevision in economics is imperfect.

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

Nothing so weakens a government as inflation.

Economics is not an exact science.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

I believe the power to make money is a gift of God.

Economics and ethics are not mutually exclusive.

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.

Good economics is good politics.

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

Economics is not a morality play.

Didn't you take economics? You could have had me for $49.95.

I really am enjoying my economics class, but I think my favorite course has to be history.

Economics, n.: Economics is the study of the value and meaning of J. K. Galbraith ...

Bad times are indelible. They stay with you forever.

Capitalism is the exploitation of man by man. Well socialism is exactly the reverse.

The problem with the old ideology was that it suppressed the individual by starting with society. But it is from a sense of individual duty that we connect the greater good and the interests of the community

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

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.

Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry-and owning it.

If it's free put me down for two please

For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights.

We have lost sight of the dependence we have on nature in economics

The party that called itself liberal aimed at respecting the liberty to dispose of one's own goods

The lesson from behavioral economics is that people only save if it's automatic.

A loving and fierce defense of economics as a science.

I'd like the reader to decide if he is willing to pay minute sums for content. I'd like the economics of web to be controlled between authors and readers, not advertiser.

Marxian exploitation is the exploitation of people's lack of understanding of economics.

It is almost as if the human brain were specifically designed to misunderstand Darwinism, and to find it hard to believe

The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

Scratch a pessimist and you will often find a defender of privilege.

This is no time to lend money, especially upon bare friendship without security.

After getting the first hundred pounds, it is more easy to get the second.

When men are employed they are best contented.

Economics departments are dominated by Marxism, which is taken straight or on the rocks, in the form of Keynesianism.

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

The more propaganda . . . conservatives spread for capitalist economics while at the same time preaching collectivism morally and philosophically , the more nails they’ll drive into capitalism’s coffin.

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

Obviousness is always the enemy of correctness.

It struck me that favourable variations would tend to be preserved and unfavourable ones tend to be destroyed

While economics is about how people make choice, sociology is about how they don't have any choice to make.

It is in the social sphere, in the realm of politics and economics, that the Will to Order becomes really dangerous.

A hundred times every day I remind myself that my inner and outer life are based on the labors of others.

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

Reformers have the idea that change can be achieved by brute sanity.

Besides, do any of us understand what we are doing? If we did, would we ever do it?

Trade unionism is not socialism. It is the capitalism of the proletariat.

The State is the coldest of all cold monsters.

Bankruptcy and repudiation are the springboards from which much of our civilization vaults and turns its somersets, but the savagestands on the unelastic plank of famine.

Economics is on the side of humanity now.

I do not believe there is a natural resource economics. I believe there is good economics and bad economics.

Inflation is always and everywhere a monetary phenomenon.

[U]nemployment is ... a side effect of the cure for inflation.

Society doesn't have values. People have values.

Economics are the method; the object is to change the soul.

The desire to achieve grand utopian plans often poses a grave threat to freedom

The truth is never pure and rarely simple.

Above all, innovation is not invention. It is a term of economics rather than of technology.

We now know that anything which is economically right is also morally right. There can be no conflict between good economics and good morals.

Economics that hurt the moral well-being of an individual or a nation are immoral and, therefore, sinful.

That economics is untrue which ignores or disregards moral values.