Economics Quotes


For economist the real world is often a special case. Edgar R. Fiedler Economics 213
If you owe your bank a hundred pounds you have a problem. But if you owe a million it has. John Maynard Keynes Economics 177
Give me a one-handed economist! All my economists say, On the one hand on the other. Harry S Truman Economics 176
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 Fitzgerald Kennedy Economics 173
Be thrifty, but not covetous. George Herbert Economics 151
Commerce changes the fate and genius of nations. Thomas Gray Economics 146
In economics the majority is always wrong. John Kenneth Galbraith Economics 132
Commerce is a game of skill which everyone cannot play and few can play well. Ralph Waldo Emerson Economics 109
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 Economics 108
There aint no such thing as a free lunch. Robert A. Heinlein Economics 97
International business once allowed to stalk uncontrolled killed the local the small the quirky. Alexander McCall Smith Economics 96
While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces. Herman E. Daly Economics 92
If you pay with peanuts, you get monkeys. Todor Zhivkov Economics 88
I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes. Edward Gibbon Economics 87
I learned more about the economy from one South Dakota dust storm that I did in all my years of college. Hubert Humphrey Economics 84
Frugality is founded on the principal that all riches have limits. Edmund Burke Economics 84
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 Economics 82
The ideas of debtor and creditor as to what constitutes a good time never coincide. P.G. Wodehouse Economics 82
Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy. Edmund Burke Economics 80
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. Neil Ascherson Economics 80
NAUGHTY AND NICE said Death. BUT ITS EASY TO BE NICE IF YOURE RICH. IS THIS FAIR Albert wanted to argue. He wanted to say Really In that case how come so many of the rich buggers is bastards And being poor dont mean being naughty neither. Terry Pratchett Economics 78
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics. John Hicks Economics 78
A nation is not in danger of financial disaster merely because it owes itself money. Andrew William Mellon Economics 77
People do not understand what a great revenue economy is. Marcus Tullius Cicero Economics 76
The fields were fruitful and starving men moved on the roads. John Steinbeck Economics 75
The energy and daring is to resist the noes until the final yes has been achieved. Jeffrey D. Sachs Economics 75
It has been discovered that with a dull urban population all formed under a mechanical system of State education a suggestion or command however senseless and unreasoned will be obeyed if it be sufficiently repeated. Hilaire Belloc Economics 75
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people. Friedrich A. Hayek Economics 75
We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule. Ronald Reagan Economics 74
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. Mark Twain Economics 74
Saying that you are moral because you believe in a god is like saying you are an economist because you play monopoly. Robert W. Cox Economics 70
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries. Ezra Pound Economics 69
The economy depends about as much on economists as the weather does on weather forecasters. JeanPaul Kauffmann Economics 69
And thats just the beginning. More and more conventional wisdom says that the responsible thing is to make the unemployed suffer. And while the benefits from inflicting pain are an illusion the pain itself will be all too real. Paul Krugman Economics 68
The truth is, we are all caught in a great economic system which is heartless. Woodrow Wilson Economics 67
I see one-third of a nation ill-housed, ill-clad, ill-nourished. Franklin D. Roosevelt Economics 65
The existing world economic order constitutes a system of plundering and exploitation like no other in history. Fidel Castro Economics 64
If you hear a prominent economist using the word equilibrium or normal distribution do not argue with him just ignore him or try to put a rat down his shirt. Nassim Nicholas Taleb Economics 63
What all these lofty and vague phrases boil down to is that the court can impose things that the voters dont want and the Constitution does not require but which are in vogue in circles to which the court responds. Thomas Sowell Economics 62
So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor. Percy Wynham Lewis Economics 62
If your outgo exceeds your income your upkeep will be your downfall. Anonymous Economics 62
Economic progress, in capitalist society, means turmoil. Joseph Schumpeter Economics 61
Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores. Charles Caleb Colton Economics 59
The General Theory was not truly revolutionary at all but merely old and oftrefuted mercantilist and inflationist fallacies dressed up in shiny new garb replete with newly constructed and largely incomprehensible jargon. Murray N. Rothbard Economics 58
What then is the intellectual advantage of civilization over primitive savagery It is not necessarily that each civilized man has more knowledge but that he requires far less. Thomas Sowell Economics 57
There can be economy only where there is efficiency. Benjamin Disraeli Economics 55
The term bail-out is deceptive. They have people come up with euphenisms to hide reality James Dye Economics 55
The science hangs like a gathering fog in a valley, a fog which begins nowhere and goes nowhere, an incidental, unmeaning inconvenience to passers-by. H. G. [Herbert George] Wells Economics 53
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects. John Kenneth Galbraith Economics 53
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. John Maynard Keynes Economics 51

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