Economics Quotes - Page 11

• The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

  Ludwig von Mises

  Ideas, Patterns, Study

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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• Whoever claims that economic competition represents survival of the fittest in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

  George Reisman

  Law, Competition, Survival

  "Capitalism: A Treatise on Economics". Book by George Reisman, 1995.

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• It is clear that economics, if it is to be a science at all, must be a mathematical science.

  William Stanley Jevons

  Math, Science, Clear

  1871 The Theory of Political Economy

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• First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

  Douglas Horton

  Time, Desire, Three

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• Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

  John Maynard Keynes

  Education, Indifferent, Incompetent

  "Infinite Riches: Gems from a Lifetime of Reading" by Leo Calvin Rosten, (p. 165), 1979.

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• Most men love money and security more, and creation and construction less, as they get older.

  John Maynard Keynes

  Love, Money, Men

  John Maynard Keynes, Royal Economic Society (Great Britain) (1972). “The collected writings of John Maynard Keynes”

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• The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

  Frederic Bastiat

  Evil, Liberty, Libertarian

  Frederic Bastiat (2006). “The Law”, p.27, Filiquarian Publishing, LLC.

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• It's a fundamental aspect of the free enterprise system and economics: If there's no penalty associated with increased costs, why not lay on increased costs?

  John McCain

  Cost, Why Not, Fundamentals

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• With the defeat of the Reich and pending the emergence of the Asiatic, the African and, perhaps, the South American nationalisms, there will remain in the world only two Great Powers capable of confronting each other-the United States and Soviet Russia. The laws of both history and geography will compel these two Powers to a trial of strength, either military or in the fields of economics and ideology. (2nd April 1945)

  Adolf Hitler

  Military, Russia, Law

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• Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.

  Thomas Sowell

  Self, Desire, Add

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• We have weapons of mass destruction we have to address here at home. Poverty is a weapon of mass destruction. Homelessness is a weapon of mass destruction. Unemployment is a weapon of mass destruction.

  Dennis Kucinich

  Home, Health, Mass Destruction

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• It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money.

  P. J. O'Rourke

  Government, Effort, Sloth

  P. J. O'Rourke (2007). “Parliament of Whores: A Lone Humorist Attempts to Explain the Entire U.S. Government”, p.36, Grove/Atlantic, Inc.

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• Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

  John Maynard Keynes

  Real, Sight, Investing

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.272, Atlantic Publishers & Dist

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• For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

  John Maynard Keynes

  Years, Liberty, Littles

  John Maynard Keynes (1932). “Essays in persuasion”

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• If you are given a public responsibility, you have to listen, weigh up all the issues, but ultimately you have to form a view of what you genuinely think is in the public interest... put the public interest above the vested interest.

  Graeme Samuel

  Leadership, Business, Responsibility

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• Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals, the society in which they live and the economy in which they work. Most critically, our responsibility in this parliament is how that power is used: whether it is used for the benefit of the few or the many.

  Kevin Rudd

  Leadership, Responsibility, Power

  Kevin Rudd (2017). “Not for the Faint-hearted: A Personal Reflection on Life, Politics and Purpose 1957-2007”, p.9, Macmillan Publishers Aus.

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• We are far more effective on the inside looking out than the outside looking in.

  Helen Lynch

  Leadership, Business, Outside Looking In

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• It stems from my Australianisms and belief that everyone is a fundamental cog in the wheel.

  Janet Holmes a Court

  Leadership, Business, Cogs

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• Scholars today are under increasing pressure to publish. Consequences of this pressure are incentives to deviate from the truth

  Bruno Frey

  Incentives, Today, Pressure

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• Economy is too late when you are at the bottom of your purse.

  Seneca the Younger

  Too Late, Purses, Economy

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• Give me a one-handed economist! All my economists say, On the one hand on the other.

  Harry S. Truman

  Business, Hands, Giving

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• Money is misunderstood. The fact is if you want to be successful - the money will follow you. If you are a doctor, something else will follow you. If you are successful there is an accompaniment. If your goal is just to make money you won't succeed. Money is a commodity to use, not to be dictated by.

  Frank Lowy

  Wisdom, Business, Successful

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• Investing intelligently in those of us who are marginalised means fewer people in jail, fewer homeless, fewer unemployed, fewer of us who are forlorn and depressed, fewer people addicted to things that drag us down... Because as we invest in those that do it tough, we will see more Australians taking pride in themselves, having realisable dreams and aspirations and making their own positive contribution to the world's greatest nation.

  Simon McKeon

  Leadership, Dream, Business

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• I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics.

  Edwin Land

  Science, Engineering, Long

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• What we are beginning to witness is a whole new set of rules for economics, based on rationing resources.

  John Prescott

  Energy, Environment, Climate Change

  "UN climate change deal needs more sacrifices by West, John Prescott warns" by Patrick Wintour, www.theguardian.com. August 7, 2009.

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