Economics Quotes

After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics.

Politics is the most concentrated expression of economics.

I was 15 years old at university, studying economics and philosophy, and I saw a retrospective of Australian film. They were very raw. 'Picnic at Hanging Rock,' 'Gallipoli;' they were fantastic.

Economics has never been a science - and it is even less now than a few years ago.

He who is unfit to serve his fellow citizens wants to rule them.

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations.

Religion and art spring from the same root and are close kin. Economics and art are strangers.

A limited state with free economic systems is the soil where the liberty tree blossoms.

Journalism students need to understand it and need a solid background in the liberal arts, in sociology, economics, literature and language, because they won't get it later on.

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Brezhnev wasn't a minus for the history of our country, he was a huge plus, He laid a foundation for the country's economics and agriculture.

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

A depression is a situation of self-fulfilling pessimism.

It is much more difficult to measure non-performance than performance. Performance stands out like a ton of diamonds. Non-performance can almost always be explained away

I am not sure of anything, I know nothing . . . can you imagine that I don't even know the date of my own death?

Politics don't exist, actually. It's just a cheap business. Economics is what makes politics.

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

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

Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.

If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.

Good economics is good politics.

The one profession where you can gain great eminence without ever being right.

owning capital is not a productive activity.

There is always enough for the needy, there is never enough for the greedy.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

Economics is a subject that does not greatly respect one's wishes.

In human life, economics precedes politics or culture.

The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

We all agree that pessimism is a mark of superior intellect.

If I could direct it [films] I would be very happy. But the economics of business don't always allow you to do what you want.

As a scholarly discipline, economics has always suffered from physics envy.

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?

It was never my intention to marry anybody. Economics are basically the only reason to get married, but I'm very glad I did it.

If it's free put me down for two please

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.

There is no sense in making statements that will not continue to be true after they are made.

The only answer to the endless chains of why, why, why is that the alternatives died

Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy.

One nanny said, "Feed a cold"; she was a neo-Keynesian. Another nanny said, "Starve a cold"; she was a monetarist.

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

The division of labour was limited by the extent of the market

Politics is a continuation of economics by other means

The first law of economics is that when the price goes up, consumption comes down. This is a divine law.

Industrial civilization is only possible when there's no self-denial. Self-indulgence up to the very limits imposed by hygiene and economics. Otherwise the wheels stop turning.

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

Understanding economics can help you make better decisions and lead a happier life.

That economics is untrue which ignores or disregards moral values.

An emerging market is a country where politics matters at least as much as economics to the market.