Economics Quotes - Page 6

• There's enough on this planet for everyone's needs but not for everyone's greed.

  Mahatma Gandhi

  Power, Hunger And Poverty, Hunger Poverty

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

  Joan Robinson

  Feet, Hypothesis, Slogans

  "Metaphysics, Morals and Science" (1962)

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• You know there are very few Marxists left in the world... they're all in American universities.

  Milton Friedman

  America, World, Economic

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• Stocks have reached what looks like a permanently high plateau.

  Irving Fisher

  Funny, Depression, Money

  "Incoming Presidential Speech: International Society for the Systems Sciences 43rd Annual Meeting" by Peter Corning, complexsystems.org. June 02, 2015.

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• Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.

  Ludwig von Mises

  Philosophy, Men, Civilization

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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• In raising the price of commodities, the rise of wages operates in the same manner as simple interest does in the accumulation of debt. Our merchants and master manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods, both at home and abroad. They say nothing concerning the bad effects of high profits; they are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.

  Adam Smith

  Philosophy, Simple, People

  "An Inquiry into the Nature and Causes of the Wealth of Nations".

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• According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.

  Harry Enfield

  Mean, Hard Work, Thinking

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• Nothing is done. Everything in the world remains to be done or done over. The greatest picture is not yet painted, the greatest play isn't written, the greatest poem is unsung. There isn't in all the world a perfect railroad, nor a good government, nor a sound law. Physics, mathematics, and especially the most advanced and exact of the sciences are being fundamentally revised. . . Psychology, economics, and sociology are awaiting a Darwin, whose work in turn is awaiting an Einstein.

  Lincoln Steffens

  Creativity, Law, Play

  Lincoln Steffens (1937). “The autobiography of Lincoln Steffens: abridged”

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• America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way.

  Ayn Rand

  Country, Jobs, Moving

  "Capitalism: The Unknown Ideal". Book by Ayn Rand and Nathaniel Branden, 1966.

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• Capitalism is not the system of the past; it is the system of the future -- if mankind is to have a future

  Ayn Rand

  Future, Past, Humanity

  Ayn Rand (1964). “The Virtue of Selfishness”, p.30, Penguin

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• Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.

  Robert Solow

  Sex, Trying, Paper

  Robert Solow on Milton Friedman's ideas and his own, in a series of papers at a 1966 conference, also published in ‪"Price Controls" by Hugh Rockoff, 1992.

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• A claim for equality of material position can be met only by a government with totalitarian powers.

  Friedrich August von Hayek

  Equality, Government, Liberty

  "Law, Legislation and Liberty" by Friedrich August von Hayek, Vol. 2 : The Mirage of Social Justice, (Ch. 9), 1976.

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• Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

  John Maynard Keynes

  Fun, Business, Men

  Attributed by Michael Albert, "Moving Forward: Programme for a Participatory Economy", (p. 128), 2000.

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• Now that virtually every career is an option for ambitious girls, it can no longer be considered regressive or reactionary to reintroduce discussion of marriage and motherhood to primary education. We certainly do not want to return to the simplistic duality of home economics classes for girls and wood shop for boys.

  Camille Paglia

  Girl, Home, Motherhood

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• I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.

  Tom Peters

  Coffee, Passion, Kids

  "The Peters Principles: An Interview with Tom Peters". Interview with Virginia Postrel, reason.com. October 1, 1997.

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• Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.

  Robert Reich

  Philosophy, Political, Growth

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

  Henry Ford

  Moral, Conflict, Knows

  Henry Ford, Samuel Crowther (1930). “Moving Forward”

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• Economics as a discipline has in effect become the study of capitalism. The two are taken as the same subject.

  John Lanchester

  Taken, Two, Discipline

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• Men will not always die quietly.

  John Maynard Keynes

  Men, Dies

  John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.118, Skyhorse Publishing, Inc.

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• I don't think you can spend yourself rich.

  George M. Humphrey

  Thinking, Rich

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• In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

  John Kenneth Galbraith

  Faith, Desire, Economy

  The New York Times Magazine, June 07, 1970.

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• By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

  John Maynard Keynes

  Money, Power, Government

  John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.121, Skyhorse Publishing, Inc.

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• Concentrated power is not rendered harmless by the good intentions of those who create it.

  Milton Friedman

  Power, Liberty, Libertarian

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.201, University of Chicago Press

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• There is no more certain way to deter employment than to harass and penalize employers.

  Henry Hazlitt

  Philosophy, Political, Employment

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.222, Crown Business

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• Once it has been perceived that the division of labour is the essence of society, nothing remains of the antithesis between individual and society. The contradiction between individual principle and social principle disappears.

  Ludwig von Mises

  Essence, Principles, Division

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