Economics Quotes

500+ Sourced quotes

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

Mikhail Bakunin

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

Francis Parker Yockey

Freedom is the by-product of economic surplus.

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.

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

Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter

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.

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

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

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.

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

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.

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

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.

The State idea is not according to my heart. I cannot understand why it is needed. It is connected with narrow-minded and economic obstacles. I believe it is bad. I have always been against it.

Albert Einstein

It is in the social sphere, in the realm of politics and economics, that the Will to Order becomes really dangerous.

I am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life.

The cry for peace will be a cry in the wilderness, so long as the spirit of nonviolence does not dominate millions of men and women.
An armed conflict between nations horrifies us. But the economic war is no better than an armed conflict. This is like a surgical operation. An economic war is prolonged torture. And its ravages are no less terrible than those depicted in the literature on war properly so called. We think nothing of the other because we are used to its deadly effects. …
The movement against war is sound. I pray for its success. But I cannot help the gnawing fear that the movement will fail if it does not touch the root of all evil — man's greed.

The economic fundamental is labour. Labour is the human element which makes the fruitful seasons of the earth useful to men. It is men 's labour that makes the harvest what it is. That is the economic fundamental: every one of us is working with material which we did not and could not create, but which was presented to us by Nature.

Repression for the attainment of economic ends is a necessary weapon of the socialist dictatorship.

As for us, He has appointed the job of permanent unemployment. If he wanted us to work, after all, He would not have created this wine. With a skinfull of this, Sir, would you rush out to commit economics?

The political, the economic philosophy of Black Nationalism only means that we have to become involved in a program of re-education to educate our people into the importance of knowing that when you spend your dollar out of the community in which you live, the community in which you spend your money becomes richer and richer; the community out of which you take your money becomes poorer and poorer.

But Fascism is also a political and economic system. Why, then, cannot we have a clear and generally accepted definition of it? Alas! we shall not get one—not yet, anyway. To say why would take too long, but basically it is because it is impossible to define Fascism satisfactorily without making admissions which neither the Fascists themselves, nor the Conservatives, nor Socialists of any colour, are willing to make. All one can do for the moment is to use the word with a certain amount of circumspection and not, as is usually done, degrade it to the level of a swearword.

The conservative revolution that Reagan helped usher in gained traction because Reagan's central insight - that the liberal welfare state had grown complacent and overly bureaucratic, with Democratic policy makers more obsessed with slicing the economic pie than with growing the pie - contained a good deal of truth.

The test was not, and never has been, whether the doors of opportunity are cracked a bit wider for a few. It was whether our economic system provides a fair shot for the many — for the black custodian and the white steelworker, the immigrant dishwasher and the Native American veteran. To win that battle, to answer that call — this remains our great unfinished business.