Economics Quotes

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).

Bitcoin might revolutionise more than money or economics. It could transform the role and nature of government

The American people are growing extremely unhappy with establishment politics, with establishment economics, and you know what else? Even with establishment media.

The fundamental driver in computer security, in all of the computer industry, is economics. That requires a lot of re-education for us security geeks.

Politics, as any observer of the modern world knows, is the enemy of economics, everywhere and always.

That is why I believe that art is so much more significant than either economics or philosophy. It is the direct measure of man's spiritual vision.

Society needs to see science not as a luxury of funding but as a fundamental activity that drives enlightenment, economics, and security.

Economic controversy is generally a thankless task. You cannot hope to make any impression on your opponent. Yet he is the only reader on whose interest you can count.

You can always get sympathy by using the word small. With little industries you feel as you do about a little puppy.

All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.

1 billion people in the world are chronically hungry. 1 billion people are overweight.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

If a theory of justice is to guide reasoned choice of policies, strategies or institutions, then the identification of fully just social arrangements is neither necessary nor sufficient.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

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

I take great solace that Einstein failed math. I failed math. I also failed English and home economics. Einstein was an underachiever.

I don't believe in trickle-down economics. I don't think that people who have the most are inclined to share it, generally.

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.

Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.

The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.

Economics was the only profession where a person could be considered an expert without having once been right.

There is no such thing as economics, only social science applied to economic problems.

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

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

Mathematics has given economics rigor, but alas, also mortis.

Donald Trump tapped into the anger of a declining middle class that is sick and tired of establishment economics, establishment politics and the establishment media.

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

I don't care very much for the People Magazine approach to applied economics.

I think it's wrong to think of economics as money. The actual word itself actually revolves around meeting one's needs. Money is one way of meeting our needs, but it's only one way.

Trickle down economics creates a nation of peons.

Inflation takes from the ignorant and gives to the well informed.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

Where there is politics or economics, there is no morality.

Freedom is the foundation for all wonderful things in life.

The military state is the final form to which every planned economy tends rapidly.

What good does it do a black youth to know that an employer must pay him $2 an hour if the fact that he must be paid that amount is what keeps him from getting a job?

The first thing a man will do for his ideals is lie.

It’s not about revenues: the fundamental economics in digital business is scale and margins. The top line has become the bottom line.

Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.

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

Economics and politics are the governing powers of life today, and that's why everything is so screwy.

The most basic law of economics?that one cannot get something for nothing.

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

Economic activity is carried out by individuals in organisations that require a high degree of social co-operation

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

Economics is the continuation of energy/resources by other means.