Economics Quotes - Page 18

• To top it off, for those of you who are interested in the economics, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole.

  Ralph Nader

  Doe, Cost, Execution

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• I have the same confidence in the ability of our people to reject noxious literature as I have in their capacity to sort out the true from the false in theology, economics, or any other field.

  William O. Douglas

  People, Literature, Fields

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• We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

  Paul Krugman

  Running, Government, Debt

  "Paul Krugman: 'I'm sick of being Cassandra. I'd like to win for once'" by Decca Aitkenhead, www.theguardian.com. June 3, 2012.

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• The inscrutability [of economics] is perhaps not unintentional. It gives endless employment to dialecticians who otherwise might become public charges or, at very worst, swindlers and tricksters.

  Jack Vance

  Giving, Employment, Might

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• Among the current discussions, the impact of new and sophisticated methods in the study of the past occupies an important place. The new 'scientific' or 'cliometric' history-born of the marriage contracted between historical problems and advanced statistical analysis, with economic theory as bridesmaid and the computer as best man-has made tremendous advances in the last generation.

  Robert Fogel

  Science, Past, Men

  Robert William Fogel, Geoffrey Rudolph Elton (1983). “Which Road to the Past?: Two Views of History”, p.2, Yale University Press

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• Among the social sciences, economists are the snobs. Economics, with its numbers and graphs and curves, at least has the coloration and paraphernalia of a hard science. It's not just putting on sandals and trekking out to take notes on some tribe.

  Michael Kinsley

  Curves, Numbers, Tribes

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• We have one asset, and that's people.

  Sylvia Ostry

  People, Assets

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• In proportion as capital accumulates, the lot of the laborer, be his payment high or low, must grow worse.

  Karl Marx

  Grows, Laborers

  "The Communist Manifesto: with selections from The Eighteenth Brumaire of Louis Bonaparte and Capital by Karl Marx".

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• I have only one thing to say to the tax increasers: Go ahead, make my day.

  Ronald Reagan

  Political, Taxation, Taxes

  Remarks to American Business Conference, Washington, D.C., 13 Mar. 1985 See Film Lines 164

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• If economists were good at business, they would be rich men instead of advisers to rich men.

  Kirk Kerkorian

  Men, Would Be, Rich

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• In the days when the nation depended on agriculture for its wealth it made the Lord Chancellor sit on a woolsack to remind him where the wealth came from. I would like to suggest we remove that now and make him sit on a crate of machine tools.

  Prince Philip

  Agriculture, Tools, Machines

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• Man does not live by GNP alone.

  Paul Samuelson

  Men, Doe, Live By

  Paul Anthony Samuelson, William Samuelson (1980). “Economics”, McGraw-Hill Companies

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• Modern economic thinking...is peculiarly unable to consider the long term and to appreciate man's dependence on the natural world.

  E. F. Schumacher

  Men, Thinking, Long

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

  Harold MacMillan

  Nannies, Cold, Said

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• Our whole economy is based on planned obsolescence...we make good products, we induce people to buy them, and then the next year we deliberately introduce something that will make these products old-fashioned, out of date, obsolete.

  Brooks Stevens

  Years, People, Next Year

  Quoted in Vance Packard The Waste Makers (1960), ch.6. This is thought to be the first use of the phrase 'planned obsolescence'.

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• Respectable Professors of the Dismal Science.

  Thomas Carlyle

  Professors, Respectable

  1850 Latter-Day Pamphlets, no.1,'The Present Time'.

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• The idea behind Reaganomics is this: a rising tide lifts all yachts.

  Walter F. Mondale

  Ideas, Tides, Rising

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• The National Debt is a very Good Thing and it would be dangerous to pay it off for fear of Political Economy.

  W. C. Sellar

  Political, Debt, Pay

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

  George Meany

  Gains, Profession, Eminence

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• A land ethic for tomorrow should...stress the oneness of our resources and the live-and-help-live logic of the great chain of life.

  Stewart Udall

  Stress, Oneness, Land

  Stewart L. Udall (1963). “The Quiet Crisis”

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• Over the long haul of life on the planet, it is the ecologists, and not the bookkeepers of business, who are the ultimate accountants.

  Stewart Udall

  Life, Business, Long

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• Moral principles have lost their distinctiveness. For modern man, absolute right and absolute wrong are a matter of what the majority is doing.

  Martin Luther King, Jr.

  Men, Matter, Majority

  Dr. Martin Luther King, Jr. (2012). “A Gift of Love: Sermons from Strength to Love and Other Preachings”, p.76, Beacon Press

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• The average American family head will be forced to do twenty years' labor to pay taxes in his or her lifetime.

  James Bovard

  Average, Years, Liberty

  James Bovard (1995). “Lost Rights: The Destruction of American Liberty”, p.289, Palgrave Macmillan

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• Economists are like computers. They need to have facts punched into them.

  Kenneth E. Boulding

  Facts, Needs, Computer

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• The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.

  Thomas Piketty

  Passion, Discipline, Historical

  "Capital in the Twenty-First Century". Book by Thomas Piketty, March 10, 2014.

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