Economics Quotes

500+ Sourced quotes

I said bring equity back on the national agenda. And equity is a broad concept with facets like political equity, decentralisation, electoral reforms, freedom of the press. It includes economic and social equity: for women, for SCs and STs, for the minorities.

Depression is a serious problem, but drugs are not the answer. In the long run, psychotherapy is both cheaper and more effective, even for very serious levels of depression. Physical exercise and self-help books based on CBT can also be useful, either alone or in combination with therapy. Reducing social and economic inequality would also reduce the incidence of depression.

Science as subversion has a long history.... Davis and Sakharov belong to an old tradition in science that goes all the way back to the rebels Benjamin Franklin and Joseph Priestley in the eighteenth century, to Galileo and Giordano Bruno in the seventeenth and sixteenth. If science ceases to be a rebellion against authority, then it does not deserve the talents of our brightest children.... We should try to introduce our children to science today as a rebellion against poverty and ugliness and militarism and economic injustice.

L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.

John Kenneth Galbraith

Aristotle laid the foundation of the distinction between use-value and exchange-value, which has remained a part of economic thought to the present day.

Eric Roll, Baron Roll of Ipsden

Against the U.S.-sponsored program to deny subject peoples their own cultural heritage as well as participation in shaping their own social and economic life, Iranian opposition took the form of a revival of the only sphere of life that remained available, Shiite cultural tradition and the ritual space and symbols of the mosques.

Richard A. Horsley

The government of the US has no moral authority to elect itself as the judge over human rights in Cuba, where there has not been a single case of disappearance, torture or extra-judicial execution since 1959, and where despite the economic blockade, there are levels of health, education and culture that are internationally recognised.

No tin-hat brigade of goose-stepping vigilantes or bibble-babbling mob of blackguarding and corporation paid scoundrels will prevent the onward march of labor, or divert its purpose to play its natural and rational part in the development of the economic, political and social life of our nation.

Many of those who reject the idea of economic models are ill-informed or even (perhaps unconsciously) intellectually dishonest.

This was no doubt due in part to economic reasons, for Scotland before the era of modern industrial developments was a poor country and brains and brawn were among its few merchantable assets. Hence, on the one hand, the rewarding eminence attained by so many Scots beyond their own borders in the worlds of scholarship, commerce, and administration... and hence, on the other hand, the fame of the achievements of the Scots on the Continent as soldiers of fortune in the wars of Europe, a valorous reputation subsequently so well maintained by the Highland Regiments in the service of the British Crown.

Hugh Macmillan, Baron Macmillan

Cultural and behavioral scholars are uneasy about this use of their studies. Fortunately, the intellectual tide has begun to turn. Increasing numbers of economists have come to realize that standard economic theory is just as applicable to the scarcity problems that confront low income countries as to the corresponding problems of high income countries.

Theodore Schultz

It is an assumption brought forth countless of times in various contexts that the world would be better, drifting slower towards the ruin, if women had the "power"; if political leadership, decision making, government and economic life was in the hands of women. I think reality, the observation material, supports the assumption.

Humanity is undergoing, in the post-Cold War era, an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the world population.

Michel Chossudovsky

We as economic society are going to have to pay our whole population to go to school and pay it to stay at school.

Buckminster Fuller

A triumphalist corporate capitalism, free at last of the specter of Communism, has mobilized its economic power to relentlessly marginalize all nonmarket values; to subordinate every aspect of American life to corporate "efficiency" and the bottom line; to demonize not only government but the very idea of public service and public goods.

Practically all traditional distinctions, whether economic, moral, social, or aesthetic, are today under assault as founded on a prejudice.

The characteristic mark of this age of dictators, wars and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-round regimentation of economic activities is both inescapable and highly desirable.

Ludwig von Mises

More than ever before, we need to learn and apply the principles of economic self-reliance. We do not know when the crisis involving sickness or unemployment may affect our own circumstances. We do know that the Lord has decreed global calamities for the future and has warned and forewarned us to be prepared. For this reason the Brethren have repeatedly stressed a 'back to basics' program for temporal and spiritual welfare.

Ezra Taft Benson

The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy.

When we look at the progress made since the end of the Second World War, it is hard to argue that economically, European cooperation has been anything other than a great success. Of course, since 2008, this has not been the whole story. In Southern Europe particularly, talk of economic success would be met with confusion and anger.

Neoliberalism, despite the claim by its adherents that it was simply an economic theory, was from its beginnings a class project articulated on behalf of the interests of capital.

Marnie Holborow

Rioters blame whites. Well, they need to make sure they're specifically blaming the correct whites. Those on the left. Blacks have been herded into these inner city clusters, a new economic plantation and in this fiftieth year of President Lyndon Johnson's Great Society, well, the unintended, or maybe intended, consequences are deplorable.

The success of any nation is impossible without the political participation, the economic empowerment, the education, and health, of women.

Our only crime consisted of decreeing our own laws and applying them to all without exception. Our crime is having enacted an agrarian reform which effected the interests of the United Fruit Company. Our crime is wanting to have our own route to the Atlantic, our own electric power and our own docks and ports. Our crime is our patriotic wish to advance, to progress, to win economic independence to match our political independence. We are condemned because we have given our peasant population land and rights.

Jacobo Arbenz Guzmán