Economics Quotes

500+ Sourced quotes

Franklin D. Roosevelt

Pope John Paul II

Joseph Stiglitz

Kenzaburō Ōe

Mikhail Bakunin

George Steiner

Herbert Read

The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency.

Pope John Paul II

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.

Franklin D. Roosevelt

Under capitalism each individual engages in economic planning.

The art of economics consists in looking not merely at the immediate hut 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.

Daily life is governed by an economic system in which the production and consumption of insults tends to balance out.

As long as the sun rises over Ontario and sets over the Pacific, I will dedicate myself to bringing the people of Oregon what they want and need most - an era of hope, change, and economic renewal.

I view the work I've done related to statistics and economics as roughly speaking, how to do something without having to do everything. So economic models — how any model by definition isn't right. When someone just says, 'Oh, your model is wrong.' That's not much of an insight. What you want to know is, is wrong in important ways or wrong in ways that are less relevant? And you want to know what does the data really say about the model?

Lars Peter Hansen

The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races. The economics of this musical Esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.

Even if you want no state, or a minimal state, then you have to argue point by point. Especially since the minimalists want to keep the economic and police system that keeps them privileged. That's libertarians for you — anarchists who want police protection from their slaves. No! If you want to make the minimum-state case, you have to argue it from the ground up.

Kim Stanley Robinson

For when we talk about the spreading power and influence of globalization, arent we really referring to the spreading economic and military might of the US?

Fredric Jameson

We cannot have peace if we are only concerned with peace. War is not an accident. It is the logical outcome of a certain way of life. If we want to attack war, we have to attack that way of life.
Disarmament cannot be achieved nor can the problem of war be resolved without being accompanied by profound changes in the economic order and the structure of society.

Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter

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... Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.

Joseph Stiglitz

Advertising as the printed form of selling would seem... ultimately to be justified in so far as it serves as a means of increasing legitimate human wants, as an agency of fair and economic competition in the distribution of goods, and as a stimulant to social progress.

Freedom is the by-product of economic surplus.

Capitalism is not an economic system, but a world-outlook, or rather, a part of a whole world-outlook

Francis Parker Yockey

Political Freedom without economic equality is a pretense, a fraud, a lie; and the workers want no lying.

Mikhail Bakunin

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.

The more consciously democratic Americans became, however, the less they were satisfied with a conception of the Promised Land, which went no farther than a pervasive economic prosperity guaranteed by free institutions.

At the nadir of the post-war economic poverty we found a resilience to endure it, never losing our hope for recovery. It may sound curious to say so, but we seem to have no less resilience to endure our anxiety about the ominous consequence emerging out of the present prosperity. From another point of view, a new situation now seems to be arising in which Japan's prosperity is going to be incorporated into the expanding potential power of both production and consumption in Asia at large.

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.

If, however, economic ambitions are good servants, they are bad masters

E. F. Schumacher

Global interdependence today means that economic disasters in developing countries could create a backlash on developed countries.

Atal Bihari Vajpayee

Few will doubt that humankind has created a planet-sized problem for itself. No one wished it so, but we are the first species to become a geophysical force, altering Earth's climate, a role previously reserved for tectonics, sun flares, and glacial cycles. We are also the greatest destroyer of life since the ten-kilometer-wide meteorite that landed near Yucatan and ended the Age of Reptiles sixty-five million years ago. Through overpopulation we have put ourselves in danger of running out of food and water. So a very Faustian choice is upon us: whether to accept our corrosive and risky behavior as the unavoidable price of population and economic growth, or to take stock of ourselves and search for a new environmental ethic.

Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.

William E. Simon