Economics Quotes

Protectionism is the institutionalization of economic failure.

We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.

The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.

I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name.

Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.

Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive.

Economics brings into full view that conflict of choice which is one of the permanent characteristics of human existence.

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

The best of all monopoly profits is a quiet life.

I think it is just stupid economics for a government to approach economic management from a strand of thinking regarding unions as enemies.

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

The markets make a good servant but a bad master, and a worse religion.

Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment.

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.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

A merchant, it has been said very properly, is not necessarily the citizen of any particular country.

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.

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.

Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.

Nobody spends somebody else's money as carefully as he spends his own.

There can be no autonomous agent with unitary interests called 'society' that exerts causal influence. This is a logical impossibility

Economics is (now) about emotion and psychology.

Never complain of that of which it is at all times in your power to rid yourself.

Where combination is possible, competition is impossible.

Economics is the study of how society manages its scarce resources.

The issue of universal coverage is not a matter of economics. Little more than 1 percent of GDP assigned to health could cover all. It is a matter of soul.

Every short statement about economics is misleading (with the possible exception of my present one).

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

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

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.

The free market punishes irresponsibility. Government rewards it.

History has taught us that freedom cannot long survive unless it is based on moral foundations. You can get the economics right, but in addition liberty must be cultivated as a moral quality.

If something cannot go on for ever, it will stop

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

We need an economics fit for purpose in a finite and entropic world.

Well, gentlemen, life's just one damn thing after another.

Recommending gastric bypass as a national solution for our diabetes epidemic is bad medicine and bad economics.

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

Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.

The future is female, so women are invited, as they do, to take responsability in the world of politics, in the economics, in art

The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule.

The economy is a wholly owned subsidiary of the environment, not the reverse.

Wherever there is great property, there is great inequality.

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

To be controlled in our economic pursuits means to be controlled in everything.

What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass

The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise ... economics is a form of brain damage.

The most powerful argument of all for saving open space is economics; in most states, tourism is the number two industry.

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.