Top 37 Basic Economics Quotes
#1. I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working.
Rick Perry
#2. The entire point of life is to find ways to get others to do your work for you. Don't you know anything about basic economics?
Brandon Sanderson
#3. Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.
Christina Romer
#4. Most Americans don't know enough about basic economics to fill out one fortune cookie.
Neal Boortz
#5. The use of force is easy to rationalize in terms of basic economics. 'We should make them PAY for what they've done!' It's just the law of demand: raise the price of crossing us, and fewer people will cross us. Make the price another Hiroshima, and perhaps the quantity demanded will fall to zero.
Bryan Caplan
#6. My dear friend, the entire point of life is to find ways to get others to do your work for you. Don't you know anything about basic economics? - Breeze
Brandon Sanderson
#7. Basic Economics 101. It's the most complicated simple subject there is.
Rush Limbaugh
#8. And each of these perspectives comes to the same conclusion, which is that our global economy is out of control and performing contrary to basic principles of market economics.
David Korten
#9. I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics.
Vernon L. Smith
#10. Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is ... Resources are limited but desires are not. That is the basic and defining problem of economics.
Thomas Sowell
#11. In a basic agricultural society, it's easy enough to swap five chickens for a new dress or to pay a schoolteacher with a goat and three sacks of rice. Barter works less well in a more advanced economy. The logistical challenges of using chickens to buy books on Amazon would be formidable.
Charles Wheelan
#12. I think that an objective reader may see how in the society to which I was exposed as a black youth here in America, for me to wind up in a prison was really just about inevitable. It happens to so many thousands of black youth.
Malcolm X
#13. Take a little time out of your busy day to give encouragement to someone who's lost their way.
Diana Ross
#14. The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.
Christina Romer
#16. Democracy, we now know, is more than periodic elections in some countries, such elections have been used to legitimize essentially authoritarian regimes and deprive large parts of the citizenry of basic rights.
Joseph E. Stiglitz
#17. It wore him down, knowing how small he was ...
how insignificant he was to the things in the shadows ...
it wore him down until there was so little left in him ...
that he almost forgot who he really was.
Ed Brubaker
#18. At a purely practical level, history is important because it provides the basic skills needed for students to go further in sociology, politics, international relations and economics. History is also an ideal discipline for almost all careers in the law, the civil service and the private sector.
Antony Beevor
#20. How then shall a Christian bear fruit? By efforts and struggles to obtain that which is freely given? ... No: there must be a full concentration of the thoughts and affections on Christ; a complete surrender of the whole being to Him; a constant looking to Him for grace.
Harriet Beecher Stowe
#21. As we face the cross, then, we can say to ourselves both, "I did it, my sins sent him there," and "He did it, his love took him there.
John R.W. Stott
#22. The Universe operates on a basic principle of economics: everything has its
cost. We pay to create our future, we pay for the mistakes of the past. We
pay for every change we make ... and we pay just as dearly if we refuse to
change.
Brian Herbert
#23. The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.
John Kenneth Galbraith
#24. Three things are needed
For humanity to co-exist:
Truth, peace and basic needs.
Everything else -
Is irrelevant.
Suzy Kassem
#25. You gotta go in the mud sometimes to figure who you are.
Andy Irons
#26. Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth ... Yet one certainly does not cure a treatment-induced disease by increasing the treatment dosage.
Herman E. Daly
#27. God's kingdom" in the preaching of Jesus refers not to postmortem destiny, not to our escape from this world into another one, but to God's sovereign rule coming "on earth as it is in heaven.
N. T. Wright
#28. For me, in songwriting, I have a route I can take. Maybe there's some forks, I can go this way, this way. But I know those roads. I still have the experience behind me.
Dave Matthews
#29. There are in every generation those who shrink from the ultimate sacrifice, but there are in every generation those who make it with joy and laughter and these are the salt of the generations.
Patrick Pearse
#30. The solution is not that people need to major in marketing in college, but that their liberal education should be more structured and demanding. Majors should have some required sequence of basic courses, as in economics.
Fareed Zakaria
#31. I think that high art reposes on popular art, without one there cannot be another.
Eric Rohmer
#32. Mary thus learns that the Most High has ever borne a Son in his bosom, and that this Son has now chosen her bosom as dwelling-place.
Hans Urs Von Balthasar
#33. The United States spends over $87 billion conducting a war in Iraq while the United Nations estimates that for less than half that amount we could provide clean water, adequate diets, sanitations services and basic education to every person on the planet. And we wonder why terrorists attack us.
John Perkins
#34. So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.
Charlie Munger
#35. Well, I feel that we're kind of fortunate that this book gives the whole world a lesson in economics and how to get out of the mess that we're all in. It's basic message is to try and stop spending as much and try to release some of your assets to pay off your debt.
Jerry Bruckheimer
#36. I wonder if economics has less basic core material than is necessary for fields such as mathematics, physics, or chemistry, say.
Clive Granger
#37. A person is a person because he recognizes others as persons.
Desmond Tutu
