Quotes and Sayings about Economics



"History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them."
- B. R. Ambedkar
(Related: History, Victory, Conflict, Economics, Ethics, Force)

"You always want to try to make something new, and, of course, America is the world leader in economics today."
- Tadao Ando
(Related: Leader, America, Economics, Today, Want, World)

"Despite the painful changes we have had to make, we continue to believe in the St. Louis market. And we are hoping to add flights, in a careful way, as the economics of our business improve and the demands of the traveling public in St. Louis become clear."
- Gerard Arpey
(Related: Business, Economics, Public, Traveling)

"However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions."
- Gerard Arpey
(Related: Business, Decisions, Economics)

"The whole industry is so screwed up by economics. It's disgusting to me."
- Armand Assante
(Related: Economics)

"Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics."
- David Attenborough
(Related: Change, Politics, Success, Economics)

"All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a fantasy world. It doesn't work in reality."
- Michele Bachmann
(Related: Work, Debt, Economics, Fantasy, Problems, Reality, World)

"We aim in the domain of politics at republicanism; in the domain of economics at socialism; in the domain of what is today called religion, at atheism."
- August Bebel
(Related: Politics, Religion, Atheism, Economics, Socialism, Today)

"And religion causes most of the problems, war, and economics of course, and study your history or you're going to repeat it; and if you're burning a Harry Potter book you need some serious counseling, you don't get it, you're missing the whole point."
- Michael Berryman
(Related: History, Religion, War, Causes, Economics, Problems, Study)

"And I know this happens because I took economics, and I'd explain it to ya, but I flunked that course. Not my fault. They taught it at 8 o'clock in the morning. And there is absolutely nothing you can learn out of one bloodshot eye."
- Lewis Black
(Related: Economics, Eye, Fault, Nothing)

"We have views on social issues that may seem to some that we are hard-line Tories. However our economics policies and our opposition to the process called globalisation could be considered by some to place us on the far-left of conventional politics."
- Steve Blake
(Related: Politics, Economics, May, Opposition)

"Marriages are under strain today in terms of economics. There are social cross-currents. We see failed marriages. But it is not under attack by our gay and lesbian citizens."
- Earl Blumenauer
(Related: Economics, Gay, Lesbian, Today)

"My mother is an office manager, my father a professor of economics and financial planner."
- Poppy Z. Brite
(Related: Manager, Mother, Father, Financial, Economics, Office)

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
- Warren Buffett
(Related: Business, Management, Economics, Reputation)

"From where I am sitting much of the country now sees the President the way I have seen him since the campaign. He is an ambitious leftist, with little understanding of economics, and with far-reaching goals to create significant and irreversible growth of government and redistribution of wealth through dramatic changes in tax, regulatory, and spending policies."
- Charles W. Calomiris
(Related: Government, Goals, Growth, Wealth, Country, Economics, Tax, Now, President, Understanding)

"I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium."
- Gerard Debreu
(Related: Dedication, Economics, Interest, Theory)

"Too many people think that economics is this subject that should wait until the university level. But it can't wait that long."
- Robert Duvall
(Related: People, Economics, University)

"I think that the use of copyright is going to change dramatically. Part of it is economics. There is just going to be so much content out there - there's a scarcity of attention. Information consumes attention, and there's too much information."
- Esther Dyson
(Related: Change, Attention, Content, Economics, Information)

"Economics, politics, and personalities are often inseparable."
- Charles Edison
(Related: Politics, Economics)

"First, I think the science of monetary economics has clearly gotten better."
- Martin Feldstein
(Related: Science, Economics, First)

"I'd call it a new version of voodoo economics, but I'm afraid that would give witch doctors a bad name."
- Geraldine Ferraro
(Related: Doctors, Economics, Name)

"Now, of course, cold fusion is the daddy of them all in a way, in terms of value, so I think that viewed in a social way, from the point of social considerations and economics, it will tell you that this thing will stay around."
- Martin Fleischmann
(Related: Economics, Now, Value, Will)

"The most powerful argument of all for saving open space is economics; in most states, tourism is the number two industry."
- Jim Fowler
(Related: Argument, Economics, Open, Space, states)

"A large part of crime is economics - if people are working and and have a home and family to support, then I believe you can reduce the crime rate."
- Vincent Frank
(Related: Family, Home, People, Crime, Economics, Support)

"Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised."
- John Kenneth Galbraith
(Related: American, Boredom, Economics)

"Economics is extremely useful as a form of employment for economists."
- John Kenneth Galbraith
(Related: Economics)

"In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability."
- John Kenneth Galbraith
(Related: Faith, Hope, Deep, Desire, Economics, Pretension, Respectability)

"In economics, the majority is always wrong."
- John Kenneth Galbraith
(Related: Economics, Majority, Wrong)

"I was about to get a degree in economics when I accepted that I'd be a lousy businessman, and if I didn't give acting a try I'd regret it for the rest of my life."
- Peter Gallagher
(Related: Life, Acting, Economics, Regret, Rest)

"The Sherman Act is similar in the economics sphere to the Bill of Rights in the personal sphere."
- Harold H. Greene
(Related: Act, Economics, Rights)

"However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious."
- Garrett Hardin
(Related: Values, Ecology, Economics, Opposition, Religious)

"I think it is just stupid economics for a government to approach economic management from a strand of thinking regarding unions as enemies."
- Bob Hawke
(Related: Government, Management, Economics, Enemies, Thinking)

"Religion and art spring from the same root and are close kin. Economics and art are strangers."
- Nathaniel Hawthorne
(Related: Art, Religion, Economics, Spring, Strangers)

"It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide."
- Friedrich August von Hayek
(Related: Science, Economics, Questions, Today)

"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?"
- Friedrich August von Hayek
(Related: Economics, Facts, Ignorance, Information, Theory)

"The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."
- Henry Hazlitt
(Related: Art, Policy, Act, Consequences, Economics)

"For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights."
- Rudolf Hilferding
(Related: Economics)

"I'm the result of upbringing, class, race, gender, social prejudices, and economics. So I'm a victim again. A result."
- James Hillman
(Related: Class, Economics, Gender, Race, Result)

"I think we're miserable partly because we have only one god, and that's economics."
- James Hillman
(Related: God, Economics)

"If ignorance paid dividends, most Americans could make a fortune out of what they don't know about economics."
- Luther H. Hodges
(Related: Americans, Economics, Fortune, Ignorance)

"First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time."
- Douglas Horton
(Related: Time, Economics, First)

"To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live."
- Ruth Hubbard
(Related: Science, Society, Religion, Economics, Philosophy, World)

"Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else."
- Lyndon B. Johnson
(Related: Economics, Speech)

"Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder."
- John F. Kennedy
(Related: History, God, Economics, Friends, Geography, Man, Necessity, Neighbors)

"Economics is a subject that does not greatly respect one's wishes."
- Nikita Khrushchev
(Related: Economics, Respect, Wishes)

"We believe that economics does not necessarily have to be a zero-sum game; it can be a win-win proposition for everyone involved so long as they have the tools in which to succeed."
- Ron Kind
(Related: Economics, Succeed, Tools)

"The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics."
- Lawrence R. Klein
(Related: Completion, Economics, Mathematics, Training, University)

"I love the gallery, the arena of representation. It's a commercial world, and morality is based generally around economics, and that's taking place in the art gallery."
- Jeff Koons
(Related: Art, Love, Morality, Economics, World)

"The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system."
- David Korten
(Related: Defense, Economics, Study)

"And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics."
- David Korten
(Related: Control, Economics, Economy, Principles)

"I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street."
- Henry Kravis
(Related: Car, Time, Men, College, Economics, School, Summer)

"To those of you who study history, economics, sociology, literature and language I present the challenge of the utilization of the enormous resources in our grasp to the problem of creating a genuinely good life for yourselves and your children."
- Polykarp Kusch
(Related: Life, History, Challenge, Children, Economics, Language, Literature, Present, Study)

"Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy."
- Christopher Lasch
(Related: Advertising, Economics, Force, Want)

"My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics."
- James Meade
(Related: Economics, Job, Theory, Unemployment)

"My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy."
- James Meade
(Related: Policy, Economics, Interest, Theory)

"From 1931 to 1937, I was a Fellow and Lecturer in Economics at Hertford College, Oxford."
- James Meade
(Related: College, Economics)

"But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT."
- James Meade
(Related: Thought, Belief, Economics, Expression, Study)

"My main interest, however, was in economics, not law."
- Merton Miller
(Related: Economics, Interest, Law)

"As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports."
- Merton Miller
(Related: Company, Decisions, Economics, Writing)

"Arbitrage proof has since been widely used throughout finance and economics."
- Merton Miller
(Related: Finance, Economics, Proof)

"Well, I think first of all, probably the most fundamental thing is that we are a mixed-signal analog semiconductor company, which, along with some of the other well-known names in the industry, enjoys very good economics."
- David Milne
(Related: Company, Economics, First, Names)

"My first undertaking in the way of scientific experiment was in the field of economics and psychology."
- Simon Newcomb
(Related: Economics, First, Psychology)

"The moment is ripe for an experienced businessman to talk practical, prudent economics to the electorate - which is why Mitt Romney's political fortunes are steadily being resurrected from the grave."
- Camille Paglia
(Related: Being, Economics, Grave, Talk)

"That is why I believe that art is so much more significant than either economics or philosophy. It is the direct measure of man's spiritual vision."
- Herbert Read
(Related: Art, Vision, Economics, Man, Measure, Philosophy, Spiritual)

"Advertising is, actually, a simple phenomenon in terms of economics. It is merely a substitute for a personal sales force - an extension, if you will, of the merchant who cries aloud his wares."
- Rosser Reeves
(Related: Advertising, Economics, Force, Sales, Will)

"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
(Related: Knowledge, Competition, Economics, Jungle, Law, Sense)

"Even though I didn't get a business degree, I enjoyed learning about economics."
- Herb Ritts
(Related: Business, Economics, Learning)

"I was an economics major, which I enjoyed because I had a good business sense."
- Herb Ritts
(Related: Business, Economics, Sense)

"Journalism students need to understand it and need a solid background in the liberal arts, in sociology, economics, literature and language, because they won't get it later on."
- Harrison Salisbury
(Related: Economics, Journalism, Language, Liberal, Literature, Students)

"Economics has never been a science - and it is even less now than a few years ago."
- Paul Samuelson
(Related: Science, Economics, Now, Years)

"Where there is politics or economics, there is no morality."
- Karl Wilhelm Friedrich Schlegel
(Related: Politics, Morality, Economics)

"While I am interested both in economics and in philosophy, the union of my interests in the two fields far exceeds their intersection."
- Amartya Sen
(Related: Economics, Philosophy)

"I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics."
- Vernon L. Smith
(Related: Truth, Economics, Literature)

"After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics."
- Vernon L. Smith
(Related: Economics, Engineering, University)

"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
(Related: Politics, Economics, First, Want)

"I had four or five years in school training as a soprano. I fell into pop singing because of economics. I got out of high school and had to go work, and they weren't hiring opera singers."
- Jo Stafford
(Related: Work, Economics, Hiring, Opera, School, Singing, Training, Years)

"I just knew that economics had never been my big motivation."
- Leigh Steinberg
(Related: Motivation, Economics)

"The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly."
- George Stigler
(Related: Quality, Chicago, Economics)

"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
- Joseph E. Stiglitz
(Related: First)

"But while I loved all of these courses, there was an irresistible attraction of economics."
- Joseph E. Stiglitz
(Related: Economics)

"As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns."
- Joseph E. Stiglitz
(Related: Work, Difficulty, Economics, Information)

"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
- Larry Summers
(Related: Idea, Economics, Laws)

"Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics."
- Robert Teeter
(Related: Politics, Country, Economics, News, Now, Television, Voting)

"The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road."
- James Thurber
(Related: Knowledge, Animals, Economics, Instinct, Laws, Man, Reason, Road)

"I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis."
- James Tobin
(Related: Talent, Career, Economics, Taste)

"At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory."
- James Tobin
(Related: Time, Economics, Logic, Objectives, Research, Theory)

"This paper was one of my digressions into abstract economics."
- William Vickrey
(Related: Economics)

"The economics of baseball are the big problem. The big clubs make a lot of money and the little clubs don't."
- Fay Vincent
(Related: Money, Baseball, Economics)

"I got politics and economics moving and then others took over."
- Lech Walesa
(Related: Politics, Economics)

"It's really true in this country that more and more Americans think that underneath the economic crisis there's a values crisis, and we won't get to an economic recovery without a moral recovery as well. So a citizen's movement about values and economics I'm finding all over the country on main street, and Wall Street needs to pay attention to that."
- Jim Wallace
(Related: Values, Americans, Attention, Country, Crisis, Economics, Needs)

"History, sociology, economics, psychology et al. confirmed Joyce's view of Everyman as victim."
- Robert Anton Wilson
(Related: History, Economics, Psychology)

"We would, however, perform an injustice to the bourgeois women's rights movement if we would regard it as solely motivated by economics. No, this movement also contains a more profound spiritual and moral aspect."
- Clara Zetkin
(Related: Women, Economics, Rights, Injustice, Spiritual)