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Economic Quotes
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Minorities within nation-states frayed by global capitalism are naturally more resentful of hollowed-out but still heavily centralised systems of political and economic domination. (Economic Quotes)
To put it bluntly, there isn’t one economic theory that can single-handedly explain Singapore’s success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex. (Economic Quotes)
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory. (Economic Quotes)
It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory. (Economic Quotes)
We don’t see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it. (Economic Quotes)
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is ‘objectivist’ - values are in inherent in production. (Economic Quotes)
Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook’s value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years. (Economic Quotes)
Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value. (Economic Quotes)
The first issue to be settled is whether socialism has a right to exist Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question. (Economic Quotes)
A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange - human beings when we had slavery, child labour, human organs, and so on. So there is no economic theory that actually says that you shouldn’t have slavery or child labour because all these are political, ethical judgments. (Economic Quotes)
The purpose of economic theory is to make those who are comfortable FEEL comfortable (Economic Quotes)
I imagine you already know that I am much more socialistic in my economic theory than capitalistic (Economic Quotes)
The metal of economic theory is in Marx’s pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own. (Economic Quotes)
Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble. (Economic Quotes)
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. (Economic Quotes)
It’s interesting that when economic times were the hardest, that’s when many people embraced liberalism. (Economic Quotes)
I know it’s going to be the private sector that leads this country out of the current economic times we’re in. You can spend your money better than the government can spend your money. (Economic Quotes)
The 1986 tax act is sort of the unsung hero of the very good economic times we had for a long time. Of course, politics gums it all up again and preferences get put in. (Economic Quotes)
In simple terms, I realised that food is the most fundamental need for a person. In difficult economic times, people’s priorities change, and they might be willing to do something that secures for them the lowest possible weekly food bill. (Economic Quotes)
The rise of the Tea Party, along with the emergence of Christine O’Donnell in Delaware, Sharron Angle in Nevada, Carl Paladino in New York and Ron Paul in Kentucky, is not the first time in American history that voters have responded to hard economic times by supporting angry, unorthodox Senate and gubernatorial candidates. (Economic Quotes)
There are times when you should be completely out of the market, for emotional as well as economic reasons. (Economic Quotes)
Americans have fought their way back from tough economic times, but the deck is still stacked in favor of those at the top, (Economic Quotes)
Art is fundamental, unique to each of us...Even in difficult economic times - especially in difficult economic times, the arts are essential. (Economic Quotes)
In our researches on the likely economic apocalypse it’s become clear what is the prime survival tool for hard times: friends. Good friends. Lots of them. (Economic Quotes)
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. (Economic Quotes)
A lot of attention has been going to social values - abortion, gay rights, other divisive issues - but economic values are equally important. (Economic Quotes)
Already, China has undermined U.S. foreign policy in efforts to gain access to oil resources in Iran and Sudan. We simply cannot separate the political and economic values of oil. (Economic Quotes)
There are many ways of supporting gender equality, from something as simple as paid sick leave and flexible work hours to attributing an economic value to all care-giving, and making that amount tax deductible. (Economic Quotes)
If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers. (Economic Quotes)
We took special pride in the fact that climbing rocks and icefalls had no economic value in society...We were like a wild species living in the edges of an ecosystem - adaptable, resilient and tough. (Economic Quotes)