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Economic Quotes

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The boundaries of democracy have to be widened so as to include economic equality also. This is the great revolution through which we are all passing  (Economic Quotes) Instead of building the peace by attacking injustices like starvation, disease, illiteracy, political and economic servitude, we spend a trillion dollars on war since 1946, until hatred and conflict have become the international preoccupation  (Economic Quotes) Let us today seek to find that place within each of us where dreams are made, where our highest aspirations take shape. Let us confirm the power of our humanity by giving architecture and substance to the dreams we have for our nation, so that the promised land of social and economic justice that is within our dreams will soon be within our sight  (Economic Quotes) In the face of the economic plight, it is our task to become pioneers of simplicity, that is, to find a simple form for all of life’s necessities, which is at the same time respectable and genuine  (Economic Quotes) I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible  (Economic Quotes) Private enterprise creates; government destroys. That is the great economic lesson of our times and all times  (Economic Quotes) Science is concerned with what is possible while engineering is concerned with choosing, from among the many possible ways, one that meets a number of often poorly stated economic and practical objectives  (Economic Quotes) Curiosity has... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren’t made of steel; they just provide themselves with more options, and those options come from a curious mind  (Economic Quotes) Investment in the eradication of hunger today is a good business decision. If we fail to make this investment, it is doubtful that we can sustain healthy economic growth. Without this investment, our nation may disintegrate into a country sharply divided between those who have enough to eat and those who do not  (Economic Quotes) Undermine the entire economic structure of society by leaving the pay toilet door ajar so the next person can get in free  (Economic Quotes) The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity... that’s all there is. That’s the whole economy. That’s where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world  (Economic Quotes) Without an acquaintance with chemistry, the statesman must remain a stranger to the true vital interests of the state, to the means of its organic development and improvement;... The highest economic or material interests of a country, the increased and more profitable production of food for man and animals,... are most closely linked with the advancement and diffusion of the natural sciences, especially of chemistry  (Economic Quotes) The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and discuss as best he can the relations of a whole group of changes; he cannot, like the physicist, narrow down the issue to the effect of one variation at a time. The problems of statistics are in this sense far more complex than the problems of physics  (Economic Quotes) ... what we should be looking for is fresh ideas of how we make moral decisions about our dealings with one another, economic, social, cultural. Economic determinism is an objectionable creed where men and women espouse it in its communist or capitalist form because it treats human beings as economic units and not as responsible persons  (Economic Quotes) ... climate change is accelerating. It threatens our well being, our security, and our economic development. It will lead to uncontrollable risks and dramatic damage if we do not take resolute countermeasures  (Economic Quotes) My goal in life is to change the entire social and economic structure of western civilization, to make it a feminist world  (Economic Quotes) Imposition of the death penalty is arbitrary and capricious. Decision of who will live and who will die for his crime turns less on the nature of the offense and the incorrigibility of the offender and more on inappropriate and indefensible considerations: the political and personal inclinations of prosecutors; the defendant’s wealth, race and intellect; the race and economic status of the victim; the quality of the defendant’s counsel; and the resources allocated to defense lawyers  (Economic Quotes) We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making  (Economic Quotes) 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  (Economic Quotes) A tip for generalists who try to read economic research papers: If you get to a section that’s incomprehensible, don’t give up. Just skip to the next section  (Economic Quotes) Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary assumptions to precisely stated but irrelevant theoretical conclusions  (Economic Quotes) ... it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it  (Economic Quotes) Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?  (Economic Quotes) Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing  (Economic Quotes) Now we see evolutionary trends in a variety of areas ranging from atomic and molecular physics through fluid mechanics, chemistry and biology to large scale systems of relevance in environmental and economic sciences  (Economic Quotes) I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour  (Economic Quotes) Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed  (Economic Quotes) In the model that we grew up with, governments rule physical territory in which national economies function, and strong economies support hegemonic military power. In the new model, already emerging under our noses, economic decisions don’t pay much attention to national sovereignty in a world where more than half of the one hundred or two hundred largest economic entities are not countries but companies  (Economic Quotes) It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it  (Economic Quotes) Economic freedom has no security without political freedom, and political freedom can find its security only in economic freedom  (Economic Quotes)
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