Economics Quotes

When greed transcends rationale, morality becomes irrelevant.

Economics without ethics is a caricature. Ethics without economics is a fairy tale.

There is nothing as dangerous as an economist who only knows economics except the moral philosopher who knows no economics.

Sustainability is best illustrated by those who sell food … just so they afford something to eat.

By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

When people say 'let's do something about it', they mean 'let's get hold of the political machinery so that we can do something to somebody else.' And that somebody is invariably you.

Ultimately, all arguments against markets are arguments against anarchy. Marx understood this much, at least.

In effect, the poor person is a rich person left to fend for him or herself, without the support of institutions that help the person to take 'good' decisions.

It is be­cause freedom means the renun­ciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.

Rights" are something made up by governments to make you feel like you're buying something with your taxes.

Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.

America lives in the heart of every man everywhere who wishes to find a region where he will be free to work out his destiny as he chooses.

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.

It is a choice, and therefore within the province of economics.

There's a way that money is freedom, but it isn't money, it's that money stands for having a choice.

Romanticism is man's revolt against reason, as well as against the condition under which nature has compelled him to live.

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.

Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.

The safest way to make laws respected is to make them respectable.

The use of market values and technology as a social barometer has devalued the worth of individuals, rendered irrelevant the quality of their lives, and stunted their creativity.

The idea economy is a conversation. Try to channel or control that conversation and you will stop the chatter.

He who makes $25, 000 annually through passive income is more enviable than he who earns $100, 000 annually through a salary.

The employment equation used to be built on a foundation of two-way loyalty. The world has changed. Today, successful employment relationships can only be sustained on a foundation of two-way honesty

Careers increasingly come with a reboot button, and companies that realize this early possess a competitive talent advantage

People used to make money, but somewhere along the way, it started making us.

An environment of infinite economic expansion is unsustainable in a world of finite resources.

Ban privileges. The rules of the game should be the same to all players, regardless of their size, location, or any other criteria

Scholars have long debated whether capital markets lead to appropriate levels of saving and investment for future generations.

We all know how 'modern democracies take loaves from the wealthy.' It's the slipups in the 'pass them out to the poor' department that inspire a study of Economics.

We can't, it seems, live without [capitalism] even as we complain about it.

Capitalism is not a form of government. Capitalism is a symptom of freedom. It is the result of individual rights, which include property rights.

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.

The exchange-value of money is the anticipated use-value of the things that can be obtained with it.

The function of money is to facilitate the business of the market by acting as a common medium of exchange.

The communists may not have done very well in the end, but I can't help thinking of capitalism as merely the go-to religion of the greedy and selfish.

We give more economic aid to multinational corporations to increase their profits than we do to all the countries in the world combined.

For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it.

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don't, and anyone who says they do is full of shit.

The world is better served by syncretic economists and policymakers who can hold multiple ideas in their heads than by ‘one-handed’ economists who promote one big idea regardless of context.

Some places will, however, be left behind. Not every city will succeed, because not every city has been adept at adapting to the age of information, in which ideas are the ultimate creator of wealth.

Markets cannot meet the needs of the very poor. The desperately poor are not consumers who will create an immediate profit.

Socialism is politicized envy.

Misers makes money their lord, but the spenders makes it their slaves and servants

One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

Everyone may be called "comrade, " but some comrades have the power of life and death over other comrades.

99 percent of all statistics only tell 49 percent of the story.

If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he does not play the stock market.

More die in the United States of too much food than of too little

Whether you agree with its policy or not, your dealing with government is not voluntary, but coercive. Government is the very antithesis of ‘free market’.