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Economics Quote of the day
Exchange, fair or unfair, always presupposes and includes the rule of the bourgeoisie.
We must achieve both security and solvency. In fact, the foundation of military strength is economic strength,
By buying the power of the workman, the capitalist has, therefore, acquired the right to use of make that labouring power during the whole day or week.
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Capitalism tries for a delicate balance: It attempts to work things out so that everyone gets just enough stuff to keep them from getting violent and trying to take other people’s stuff.
Art is the beautiful way of doing things. Science is the effective way of doing things. Business is the economic way of doing things.
Extreme inequality and financial crisis usually coincide. But the elite who cause it usually come out OK. And they are usually man.
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
The true law of economics is chance, and we learned people arbitrarily seize on a few moments and establish them as laws.
The problem was how to keep the wheels of industry turning without increasing the real wealth of the world. Goods must be produced, but they must not be distributed.
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.
The three wealthiest people in the world own more than the GDP of forty-eight countries!
Economics is a subject that does not greatly respect one's wishes.
The time to repair the roof is when the sun is sh
We have always known that heedless self interest was bad morals, we now know that it is bad economics.
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
Machinery which is not used is not capital.
The fields were fruitful, and starving men moved on the roads.
The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed.
People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.
Anything which is physically possible can be made financially possible, if the people of a state desire it.
Moments are the elements of profit
We've switched from a culture that was interested in manufacturing, economics, politics - trying to play a serious part in the world - to a culture that's really entertainment-based.
Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.
Poverty in western Mexico is an Unconditional Sentence.
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.
Knowledge is the best economy we can have.
Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon
Jean-Baptiste Say may have coined the term 'entrepreneur' but he totally missed the opportunity to put it on a t-shirt and sell it.
The advertising industry's prime task is to ensure that uninformed consumers make irrational choices, thus undermining market theories that are based on just the opposite.
The economic base of a nation, is the foundation of the it's secrets.
Printing currency for foreigners to buy is the best racket a government can get into.
The real problems of our planet are not economic or technical, they are philosophical. The philosophy of unbridled materialism is being challenged by events.
No credit--no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil.
IMF is really designed to protect creditors not debtors.
Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written.
The failure of the roman system to furnish decent minimal standards for the mass of people was a fundamental cause of instability, both political and economic.
Anger and fear are disabling trait behaviours, instilled in the opponent with care.
The only true and sustainable prosperity is shared prosperity.
95% of economics is common sense
Setting a goal is like to set your destination point in your life GPS which could take you to your desire position as you dreamed about...
But the economy's out of control. Money just doesn't need human beings anymore. Most of us only get in the way.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Given greater freedom about where to send their children, parents of a kind would flock together and so prevent a healthy intermingling of children from decidedly different backgrounds.
They (economists) must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything.
Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?
There are sufficient resources in the world for the needs of everybody, but not enough for the greed of even a significant minority.
The first thing a man will do for his ideals is lie.
An environment of infinite economic expansion is unsustainable in a world of finite resources.
Intellectually and compassionately explaining the reason freedom works is required for credibility.