Top # 100+ Best Economic Quote
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| Economic Quotes |
Economy is too late when you are at the bottom of your purse. – Seneca
Mathematics brought rigor to Economics. Unfortunately, it also brought mortis
“From the standpoint of the general interest, it is normally preferable to tax the wealthy rather than borrow from them.” – Thomas Piketty
The obsession with equilibrium has imposed enormous costs on economics.
Economics is extremely useful as a form of employment for economists. – John Kenneth Galbraith (1908 – 2006)
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.
“Someone bemoaned that there were so few women in economics. But there are also very few men in economics.” – Nassim Nicholas Taleb
“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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| Economic Quotes |
“Financial inequalities are ephemeral, one crash away from reallocation; inequalities of status & academobureaucrat “elite” are there to stay” – Nassim N. Taleb
But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
“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
Economic progress, in capitalist society, means turmoil. – Joseph A. Schumpeter
“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” – Plutarch, Greek historian, first century AD
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
“Inflation is always and everywhere a monetary phenomenon.”
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” – Lawrence J. Peter
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
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| Economic Quotes |
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it”
The state economy has been in the doldrums. The mentally ill, they don’t rank high as a priority for the state.
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence. – Hannah Arendt
“Stocks aren’t lottery tickets; there’s a company attached to every share.” – Peter Lynch
Acts of sacrifice and decency without regard to what’s in it for you create ripple effects. Ones that lift up families and communities, that spread opportunity and boost our economy. – Barack Obama (1961 – ), Arizona State Commencement Speech, 2009
If all the economists were laid end to end, they would not reach a conclusion.
“Economics has never been a science – and it is even less now than a few years ago.” – Paul A. Samuelson
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” – Warren Buffett
Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy. – Thomas Sowell
“In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.” – Ronald Coase
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing
No nation was ever ruined by trade.
“The only thing worse than being exploited by capitalism is not being exploited by capitalism.” – Joan Robinson
Economy is too late when you are at the bottom of your purse.
Economics is extremely useful as a form of employment for economists.
Economics is the painful elaboration of the obvious.
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| Economic Quotes |
It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice.” – Adam Smith
There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. – Richard Feynman
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
“Economy is the method by which we prepare today to afford the improvements of tomorrow”
“Economists do it with models because there’s no shortage of demand for the curves that they supply.”
“One of the Great Rules of Economics According to John Green
If you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich.” – John Green
Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his son to college.
A study of economics usually reveals that the best time to buy anything is last year. – Marty Allen
“There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible.” – Henry Ford
There can be economy only where there is efficiency.
Learn computer science. It’s extraordinarily helpful. I like recommending learning economics as well so they think in terms of business, they have rational frameworks for looking at the world, but yeah, computer science is an amazing way to get into, even if you want to be CEO, having a tech background is helpful.
Economic statistics are like a bikini, what they reveal is important, what they conceal is vital
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| Economic Quotes |
Socialism is… not only a way of life, but a certain scientific approach to social and economic problems.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
“We have always known that heedless self-interest was bad morals, we now know that it is bad economics.” – Franklin D. Roosevelt
“A national debt, if it is not excessive, will be to us a national blessing.” – Alexander Hamilton
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – Friedrich von Hayek
Give me a one-handed economist! All my economics say, ”On the one hand… on the other.”
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense… that gold and economic freedom are inseparable.
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| Economic Quotes |
I could’ve told you this was gonna happen 8 years ago because it is on purpose.
Regard to our own private happiness and interest, too, appear upon many occasions very laudable principles of action.
“The production of too many useful things results in too many useless people.” – Karl Marx
“The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist”
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance. – John F. Kennedy
For economist the real world is often a special case.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.
“Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad.” – Friedrich Hayek
There can be economy only where there is efficiency.
 |
| Economic Quotes |
To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
One who is master of all his exercises has no aversion to measure his strength and activity with the strongest.
There can be economy only where there is efficiency.
“Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” – Andrew Carnegie
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores. – Charles Caleb Colto
“An economic system which can only expand or expire must be false to all that is human.” – Edward Abbey, Desert Solitaire
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.
Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow-citizens.
This is true only because the purposes and objectives of the Committee for Industrial Organization find economic, social, political and moral justification in the hearts of the millions who are its members and the millions more who support it. – John L. Lewis
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
Everyone is always in favor of general economy and particular expenditure. – Sir Anthony Eden
 |
| Economic Quotes |
It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.
The country that is more developed industrially only shows, to the less developed, the image of its own future. – Karl Marx
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Design is a way of life, a point of view. It involves the whole complex of visual communications: talent, creative ability, manual skill, and technical knowledge. Aesthetics and economics, technology and psychology are intrinsically related to the process.
By virtue of exchange, one man’s prosperity is beneficial to all others.
“The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” – Thomas Sowell
“Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.” – Joseph E. Stiglitz
For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are…businessmen. This may be a ridiculous statement, but — ominously — fewer and fewer people laugh at it.
“Inflation is everywhere and always a monetary phenomenon.”
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
Economy is the method by which we prepare today to afford the improvements of tomorrow.
“Inflation is taxation without legislation.”
Frugality is founded on the principal that all riches have limits.
If your outgo exceeds your income your upkeep will be your downfall.
“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”
We are enjoying sluggish times and not enjoying them very much.
“From the standpoint of the general interest, it is normally preferable to tax the wealthy rather than borrow from them.” – Thomas Piketty
The obsession with equilibrium has imposed enormous costs on economics.
Economy is too late when you are at the bottom of your purse. – Seneca
Economics is extremely useful as a form of employment for economists. – John Kenneth Galbraith (1908 – 2006)
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.
“Someone bemoaned that there were so few women in economics. But there are also very few men in economics.” – Nassim Nicholas Taleb
“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
“Financial inequalities are ephemeral, one crash away from reallocation; inequalities of status & academobureaucrat “elite” are there to stay” – Nassim N. Taleb
But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
“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
Economic progress, in capitalist society, means turmoil. – Joseph A. Schumpeter
“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” – Plutarch, Greek historian, first century AD
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
“Inflation is always and everywhere a monetary phenomenon.”
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” – Lawrence J. Peter
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it”
The state economy has been in the doldrums. The mentally ill, they don’t rank high as a priority for the state.
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence. – Hannah Arendt
“Stocks aren’t lottery tickets; there’s a company attached to every share.” – Peter Lynch
Acts of sacrifice and decency without regard to what’s in it for you create ripple effects. Ones that lift up families and communities, that spread opportunity and boost our economy. – Barack Obama (1961 – ), Arizona State Commencement Speech, 2009
If all the economists were laid end to end, they would not reach a conclusion.
“Economics has never been a science – and it is even less now than a few years ago.” – Paul A. Samuelson
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” – Warren Buffett
Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy. – Thomas Sowell
“In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.” – Ronald Coase
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing
No nation was ever ruined by trade.
“The only thing worse than being exploited by capitalism is not being exploited by capitalism.” – Joan Robinson
Economy is too late when you are at the bottom of your purse.
Economics is extremely useful as a form of employment for economists.
Economics is the painful elaboration of the obvious.
It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice.” – Adam Smith
There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
“Economy is the method by which we prepare today to afford the improvements of tomorrow”
“Economists do it with models because there’s no shortage of demand for the curves that they supply.”
“One of the Great Rules of Economics According to John Green
If you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich.” – John Green
Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his son to college.
A study of economics usually reveals that the best time to buy anything is last year. – Marty Allen
“There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible.” – Henry Ford
There can be economy only where there is efficiency.
Learn computer science. It’s extraordinarily helpful. I like recommending learning economics as well so they think in terms of business, they have rational frameworks for looking at the world, but yeah, computer science is an amazing way to get into, even if you want to be CEO, having a tech background is helpful.
Socialism is… not only a way of life, but a certain scientific approach to social and economic problems.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
“We have always known that heedless self-interest was bad morals, we now know that it is bad economics.” – Franklin D. Roosevelt
“A national debt, if it is not excessive, will be to us a national blessing.” – Alexander Hamilton
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – Friedrich von Hayek
Give me a one-handed economist! All my economics say, ”On the one hand… on the other.”
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense… that gold and economic freedom are inseparable.
I could’ve told you this was gonna happen 8 years ago because it is on purpose.
Regard to our own private happiness and interest, too, appear upon many occasions very laudable principles of action.
“The production of too many useful things results in too many useless people.” – Karl Marx
“The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist”
Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance. – John F. Kennedy
For economist the real world is often a special case.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.
“Our faith in freedom does not rest on the foreseeable results in particular circumstances but on the belief that it will, on balance, release more forces for the good than for the bad.” – Friedrich Hayek
There can be economy only where there is efficiency.
To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
One who is master of all his exercises has no aversion to measure his strength and activity with the strongest.
There can be economy only where there is efficiency.
“Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” – Andrew Carnegie
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores. – Charles Caleb Colto
“An economic system which can only expand or expire must be false to all that is human.” – Edward Abbey, Desert Solitaire
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.
Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow-citizens.
This is true only because the purposes and objectives of the Committee for Industrial Organization find economic, social, political and moral justification in the hearts of the millions who are its members and the millions more who support it. – John L. Lewis
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.
Everyone is always in favor of general economy and particular expenditure. – Sir Anthony Eden
It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.
The country that is more developed industrially only shows, to the less developed, the image of its own future. – Karl Marx
Design is a way of life, a point of view. It involves the whole complex of visual communications: talent, creative ability, manual skill, and technical knowledge. Aesthetics and economics, technology and psychology are intrinsically related to the process.
By virtue of exchange, one man’s prosperity is beneficial to all others.
“The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” – Thomas Sowell
“Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.”- Joseph E. Stiglitz
For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are…businessmen. This may be a ridiculous statement, but — ominously — fewer and fewer people laugh at it.
The obsession with equilibrium has imposed enormous costs on Economics.
“Inflation is everywhere and always a monetary phenomenon.”
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don’t know very much in economics.
Economy is the method by which we prepare today to afford the improvements of tomorrow.
“Inflation is taxation without legislation.”
Frugality is founded on the principal that all riches have limits.
If your outgo exceeds your income your upkeep will be your downfall.
“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”
We are enjoying sluggish times and not enjoying them very much.
I’m going to be honest: I know a lot less about Economics than I do about military and foreign policy issues. I still need to be educated.